Binghamton, NY High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Binghamton, New York Market population: 47K. Compare commercial properties across all major asset classes...

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📊 Average Cap Rate For Binghamton NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Binghamton NY Properties: 3.0300%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

Save

Investor Questions For Binghamton NY

Common questions from investors exploring commercial real estate in Binghamton NY.

What's the overall investment outlook for Binghamton, NY, considering its demographics and economy? +

Binghamton's population of 46,975, with a median age of 36.9, and a median household income of $30,978, suggests a relatively stable market, although the 33.0% poverty rate is a concern. However, the 93.5% health insurance coverage and a short average commute time of 17.2 minutes indicate a degree of employment stability and quality of life, making it an attractive option for investors looking for a working-class market.

How does the ethnic diversity and industry mix in Binghamton impact the demand for real estate investments? +

The city's ethnic diversity, with top ethnicities being White (41.1%), White Non-Hispanic (39.6%), and Black (7.3%), contributes to a vibrant community, while the top industries, including Finance & Insurance, Public Administration, and Information, drive demand for housing. The presence of these industries, combined with the relatively low median property value of $85,100, makes Binghamton an interesting market for investors seeking affordable investment opportunities.

What are the implications of Binghamton's poverty rate and health insurance coverage for real estate investors? +

The 33.0% poverty rate in Binghamton, coupled with a high health insurance coverage rate of 93.5%, suggests a working-class market with a degree of employment stability. This combination can lead to a relatively stable rental market, as tenants are more likely to have access to healthcare and, therefore, be more reliable renters, which is an important consideration for real estate investors.

How do the commute times and transportation methods in Binghamton affect the quality of life and, by extension, the attractiveness of the city to investors? +

The average commute time of 17.2 minutes in Binghamton, with top commute methods including driving alone, carpooling, and using public transit, indicates a well-developed transportation infrastructure. This, along with the city's relatively low median property taxes of $9,212, contributes to a high quality of life, making Binghamton more attractive to both residents and real estate investors looking for stable, long-term investments.

What insights can be gleaned from Binghamton's homeownership rate and median property value for real estate investment strategies? +

Binghamton's homeownership rate of 44.0% and median property value of $85,100 suggest a market with potential for both rental investments and fix-and-flip opportunities. The relatively low median property value, compared to other markets, presents an affordable entry point for investors, while the homeownership rate indicates a balance between rental and owned properties, allowing for diversified investment strategies.

Binghamton NY Real Estate & City Facts

Key facts and real estate information about Binghamton NY.

What are some of the best neighborhoods to live in Binghamton? +

Some of the best neighborhoods to live in Binghamton include Vestal, Chenango, North Side, and the southwest parts of the city. These areas are known for being peaceful, quiet, and having clean streets and beautiful parks. However, it's worth noting that the quality of neighborhoods can vary depending on the specific location, so it's a good idea to do some research and visit the area before making a decision.

What are some fun things to do in Binghamton? +

There are plenty of fun things to do in Binghamton, including taking a stroll down the River Trail, visiting the Phelps Mansion Museum, and exploring the IBM Glen. You can also check out the Roberson Museum, The Discovery Center, and take a hot air balloon ride with Southern Tier Balloon Tours. Additionally, the city hosts several festivals throughout the year, such as Spiedie Fest and Balloon Rally, LUMA Projection Arts Festival, and more.

What is the food scene like in Binghamton? +

The food scene in Binghamton is diverse and exciting, with a range of restaurants serving everything from American-Halal fusion cuisine to traditional steak and potatoes. Some popular restaurants include The Grove, Lost Dog Cafe & Lounge, 205 Dry, and Cortese Restaurant INC. There are also plenty of great food trucks and unique dining experiences to be found, such as Downtown by Chef Jay Pisculli and Uncorked.

What are the pros and cons of living in Binghamton? +

The pros of living in Binghamton include its peaceful and quiet neighborhoods, beautiful parks, and exciting food scene. The city also hosts several festivals throughout the year and has a range of fun activities to enjoy, such as hiking and hot air balloon rides. However, some cons include the fact that the quality of neighborhoods can vary, and some areas may be more affordable than others. Additionally, the city has a higher poverty rate and lower median household income compared to other cities in the state.

Is Binghamton a good place to live? +

Overall, Binghamton can be a great place to live, depending on your individual preferences and priorities. The city has a lot to offer, from its beautiful parks and exciting food scene to its range of fun activities and festivals. However, it's worth considering the potential downsides, such as the varying quality of neighborhoods and the higher poverty rate. Ultimately, whether or not Binghamton is a good place to live will depend on your own unique needs and circumstances.

Binghamton, NY High Cap Rate Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Average Cap Rate For Binghamton NY Properties: 6.86%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Avg Property Tax Rate For Binghamton NY Properties: 3.0300%

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

Investor Questions For Binghamton NY

Binghamton NY Real Estate & City Facts

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