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116 Murray St
Binghamton, NY 13905 Westside Binghamton

$340,000 USD

Apartments For Sale • 3,605 SF

Property Details

Property Type Apartments
Total Building Size 3,605 SF
Lot Size 0.24 AC
Building Class C
Year Built 1905
Cap Rate 11.50 %
Zoning R-3

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                Located in Binghamton’s established West Side student
                            
                                Delivered vacant and in as-is condition
                            
                                Offered at approximately $42,500 per bed
                            
                                Stabilized pro forma NOI of $39,111 annually
                            
                                Approximately 11.5% pro forma capitalization rate at the asking price

Property Flyers

116 Murray St. - 2 Page Flyer 8.2026

Financial Summary (Proforma)

Net Operating Income: $39,111 USD (2026)

Cap Rate:	11.50 %
Total Expenses:	$24,729 USD

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	21
Type:	Surface
Included in Rent:	Yes

Scott Warren 607-621-0439 SVN | Innovative Commercial Advisors

116 Murray St Binghamton, NY 13905 Westside Binghamton