90 Henry St, Binghamton, NY for sale

Investment Overview

90 Henry Street offers 26 studio apartments for $1,595,000—approximately $61,350 per unit—in Downtown Binghamton’s emerging Stadium District. Established rental income and demonstrated tenant demand provide a foundation for investors seeking current cash flow and value-add potential through unit upgrades, operating efficiencies, and improved rental positioning. The surrounding district is targeted for significant public and private investment, including the City’s $12 million Henry Street reconstruction, continuing in 2027 with streetscape enhancements, pedestrian safety improvements, utility upgrades, and new lighting and traffic signals. Nearby, the proposed $31 million Stadium Lofts development at 180 Henry Street would add 65 affordable apartments, advancing the City’s vision for a walkable, mixed-use neighborhood surrounding Mirabito Stadium. With a studio configuration serving students, young professionals, and workforce renters, 90 Henry Street pairs an established income-producing asset with opportunities to improve property performance in a corridor positioned for long-term revitalization.

Investment Highlights

• 26 Studio Apartments | $1,595,000 | Approximately $61,350 Per Unit
• • Current Income + Value-Add Upside: Established rental history with opportunities to evaluate unit upgrades, rental positioning, and operating efficiencies.
• • Invest in the Stadium District: Downtown location in a corridor targeted for public and private redevelopment.
• • Near Proposed $31M Stadium Lofts: Planned 65-unit housing development at 180 Henry Street.
• • $12M Henry Street Investment: Streetscape, pedestrian safety, utility, and lighting improvements continuing in 2027.
• • Walkable Downtown Location: Near Mirabito Stadium, restaurants, shopping, SUNY bus lines, and the Downtown Transit Center.
• • Broad Renter Appeal: Studio layouts serving students, young professionals, and workforce tenants.