Binghamton University, NY High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Binghamton University, New York Market population: 47K. Browse multifamily, office, retail, industrial, and mixed-use...

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📊 Average Cap Rate For Binghamton University 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 University 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

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Investor Questions For Binghamton University NY

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

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

Binghamton's 33.0% poverty rate and $30,978 median household income suggest a challenging market, but the 93.6% health insurance coverage and 17.2-minute average commute time indicate a relatively stable workforce, which could be attractive for investors looking for affordable rental opportunities, particularly in the Finance & Insurance, and Public Administration sectors.

How does the city's ethnic diversity and industry mix impact real estate demand? +

The city's diverse population, with 40.9% White, 39.4% White Non-Hispanic, and 7.4% Black residents, combined with top industries like Finance & Insurance, and Public Administration, suggests a steady demand for housing, especially with the relatively low median property value of $85,100 and median property taxes of $9,212, making it an interesting market for investors looking to capitalize on rental yields.

What are the implications of Binghamton's poverty rate and health insurance coverage for tenant quality? +

The 33.0% poverty rate is a concern, but the 93.6% health insurance coverage rate and the fact that 44.0% of the population are homeowners, indicate a working-class market with some employment stability, which could lead to more reliable tenants, especially when considering the top commute methods, such as driving alone or carpooling, which suggest a mobile and potentially more stable workforce.

How does the city's commute time and transportation infrastructure affect its attractiveness to investors? +

Binghamton's average commute time of 17.2 minutes is relatively short, and the top commute methods, including driving alone, carpooling, and working from home, suggest a flexible and adaptable workforce, which, combined with the city's median property value and taxes, makes it an attractive location for investors looking to balance affordability with accessibility and quality of life for their tenants.

What role do income inequality and the GINI coefficient play in assessing Binghamton's real estate market? +

The GINI coefficient of 0.517 indicates a moderate level of income inequality, which, when considered alongside the 33.0% poverty rate and $30,978 median household income, suggests that investors should be cautious and focus on affordable housing options, potentially targeting the Finance & Insurance, and Public Administration sectors, where employment stability might be higher, to mitigate risks and ensure a stable return on investment.

Binghamton University NY Real Estate & City Facts

Key facts and real estate information about Binghamton University NY.

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

Some of the best neighborhoods to live in Binghamton University include West Side, which is comprised mostly of Binghamton University students and families, and has a mix of single-family homes and apartment complexes. It's thought to be safer than other areas in the city and is a desirable place to live for its affordability. Other neighborhoods like Endicott and Endwell are also popular, with Endicott having a stark distribution of wealth, but Northern Endicott/Endwell, such as Park Manor, is a very nice place with friendly people.

What are some fun things to do in Binghamton University? +

Binghamton University has a lot to offer, with plenty of things to explore and do. The campus itself is filled with many different buildings, green spaces, and walkways. Although I couldn't find specific attractions, the university is located in a vibrant college town, which usually has a variety of activities and events for students and locals alike.

What is the food scene like in Binghamton University? +

The food scene in Binghamton University is diverse and exciting, with a range of restaurants to choose from. Some popular spots include Peterson's Tavern, Despina's Mediterranean Taste, and PS Restaurant. There are also plenty of great food trucks and cafes, like the Lost Dog Cafe. For fine dining, McCoy's Chop House is a highly recommended option.

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

Living in Binghamton University has its pros and cons. On the plus side, the university is located in a vibrant college town with plenty of things to explore and do, and the campus itself is beautiful. However, some areas of the city may have a stark distribution of wealth, and not all neighborhoods are as friendly or safe as others. Additionally, the cost of living may be higher than in other parts of the country.

Is Binghamton University a good place to live? +

Overall, Binghamton University can be a great place to live, especially for students and young professionals. The university offers a lot of opportunities, and the surrounding town has a lot to offer in terms of food, culture, and activities. However, it's worth doing your research and weighing the pros and cons before making a decision. Some neighborhoods are safer and more desirable than others, so it's worth looking into those if you're considering moving to the area.

Binghamton University, 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 University NY Properties: 6.86%

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

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

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

Investor Questions For Binghamton University NY

Binghamton University NY Real Estate & City Facts

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