75.5 Pine St

Immerse yourself in the vibrant energy of the Binghamton area surrounding the property. Nestled in a thriving commercial hub, the location provides endless opportunities for office and office building investors. Enjoy close proximity to the picturesque Confluence Park, the renowned Roberson Museum and Science Center, and the bustling downtown area. Take advantage of a diverse array of dining options, entertainment venues, and outdoor attractions, all within reach. With convenient access to major highways and public transportation, this dynamic setting presents an ideal environment for professional growth and networking. Experience the perfect blend of urban convenience and community charm in this sought-after business locale.High-yield 5-unit multifamily investment property in Binghamton’s desirable South Side, offering 3,310 sq ft, 8 bedrooms, and efficient separate utilities with 6 electric meters and 5 gas meters—ideal for reducing owner expenses and maximizing returns. This well-maintained asset generates $53,700 in annual gross rent with a Net Operating Income of $34,915, delivering an exceptional 11.66% cap rate, strong cash-on-cash return, and a DSCR of 1.76, making it highly bankable and attractive for both new and seasoned investors. All units are fully occupied with consistent rental performance and room for future rent growth. Prime location near major employment hubs, healthcare facilities, Binghamton University, and Downtown Binghamton’s restaurants, retail, and entertainment. Tenants benefit from walkable neighborhood amenities, public transportation, and quick access to I-81, I-88, and Route 17/I-86, ensuring strong, long-term demand. This is a rare opportunity to acquire a value-add multifamily, cash-flowing asset, and stable income producer in a growing Upstate New York market—perfect for investors seeking high ROI, portfolio expansion, and a low price-per-unit entry point.