126 Robinson StBinghamton, NY 13904

Property Details for 126 Robinson St

Year built

1960

Lot size

0.07 AC

Property size (Sq ft)

3,888 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

030200 144.84-3-7

APU

302001448437

Description

This exceptional Binghamton, NY property presents a unique investment opportunity, combining commercial and residential spaces. Located directly across from a well-known Cortese Restaurant, this building boasts a high-visibility storefront ideal for a variety of businesses. The ground floor offers ample space for a commercial venture, ready for immediate occupancy. Above, two fully renovated apartments provide substantial rental income potential. Recent extensive renovations include new concrete siding, a new heating system, updated electrical panel, completely remodeled bathrooms and kitchen, new appliances, new windows, a new water heater and boiler, and new flooring throughout. The open floor plan enhances the functionality and appeal of both the commercial and residential units. A large parking lot provides convenient parking for tenants and customers. This property offers three income streams in one convenient package, making it an attractive investment with significant upside potential. The building's modern updates and prime location ensure strong tenant demand and long-term profitability. This is a turnkey operation ready for immediate income generation. Don't miss this chance to acquire a high-return investment property in a thriving Binghamton neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $677,326

  6.5%

  $625,224

  7%

  $580,565

• Comparable approach

  Method

  Valuation

  Relative Method

  $340,689

  Geo Method

  $508,006

• Alternative Use

  Use

  Valuation

  Residential

  $775,278

  Hospitality

  $710,150

  Educational

  $590,837

  Medical

  $611,157

  Retail

  $919,080

Location Insight

City

Binghamton

County

Broome

State

New York

Latitude

42.1071

Longitude

-75.8926

CBSA code

13780

CBSA name

BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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