Back

1 of 46

2 of 46

3 of 46

4 of 46

5 of 46

6 of 46

7 of 46

8 of 46

9 of 46

10 of 46

11 of 46

12 of 46

13 of 46

14 of 46

15 of 46

16 of 46

17 of 46

18 of 46

19 of 46

20 of 46

21 of 46

22 of 46

23 of 46

24 of 46

25 of 46

26 of 46

27 of 46

28 of 46

29 of 46

30 of 46

31 of 46

32 of 46

33 of 46

34 of 46

35 of 46

36 of 46

37 of 46

38 of 46

39 of 46

40 of 46

41 of 46

42 of 46

43 of 46

44 of 46

45 of 46

46 of 46

49-51 Park Ave
Binghamton, NY 13903 Southside East Binghamton

$840,000 USD

Apartments For Sale • 3,952 SF

Property Details

Property Type Apartments
Total Building Size 3,952 SF
Lot Size 0.34 AC
Building Class C
Year Built 1960
Cap Rate 8.97 %
Zoning Multi Residential

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                11 total units across two buildings at 49 & 51 Park Avenue
                            
                                Strong in-place occupancy with immediate cash flow. 
                            
                                Unit mix of nine 2-bedroom and two 1-bedroom apartments
                            
                                Professionally managed with consistent operating history
                            
                                Walkable to UHS Binghamton General Hospital and approximately 0.5 miles to Downtown Binghamton
                            
                                Below market rents with clear opportunity for rental growth

Property Flyers

49-51 Park Ave - Offering Memorandum _4.2026_

Financial Summary (Actual)

Net Operating Income: $75,333 USD (2025)

Cap Rate:	8.97 %
Total Expenses:	$34,102 USD

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

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

49-51 Park Ave Binghamton, NY 13903 Southside East Binghamton