23 Front Street, Binghamton, NY 13905

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Building Details:

23 Front Street is located in Binghamton, NY.

This historic home designed by a Binghamton architect Sanford Lacey was extensively renovated in 2013 through 2015 to a three-unit, 12 bedroom high-end boutique student housing apartment building.Fully occupied from 2013 through present. Fully leased through May 2021 (May 2022 pending). Each unit has four bedrooms, living area, fully equipped kitchen, 1-2 full bathrooms (5 total), porches. Units are fully furnished. Within walking distance to downtown Binghamton and Binghamton University downtown campus. Adjacent properties include Victorian mansions converted to upscale offices; 50 Front Street (high-end apartments), and Roberson Museum. Monthly rent per bedroom is $775; proforma net income $67,000. Financials available upon request. Zoning is neighborhood office, which includes uses permitted in R-3, including a 3 unit apartment.