40 Court Street, Binghamton, NY, 13903

40 Court Street Binghamton, NY 13903

40 Court Street, Binghamton, NY, 13903
40 Court Street, Binghamton, NY, 13903
FOR SALE Auction Property
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Jan 29, 2026

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Highlights

  • Multifamily residential asset with diversified unit configurations including 2-, 5- and 6-bedroom layouts.
  • Street-facing urban presence on Court Street with strong visibility in the downtown core.
  • Functional interior amenities including large windows, in-unit kitchens and onsite laundry to support stable occupancy.
  • All utilities included leasing options that enhance net effective rents and simplify tenant management.
  • Proximity to downtown destinations and transit supports demand from students, young professionals and workforce renters.

Description

40 Court Street is a central downtown multifamily asset configured for high-density residential use with flexible housing layouts that appeal to student housing and group leasing markets. The building offers a mix of 2-, 5- and 6-bedroom apartments with spacious floor plans, large windows and in-unit amenities.

Several configurations offer multiple baths and efficient layouts that support strong cash flow potential. The property includes on-site laundry and all utilities can be structured into lease agreements to simplify operations and enhance net effective rents.

The property sits on Court Street in central downtown Binghamton, within the Court Street Historic District and proximate to retail, dining and service amenities. The downtown core provides immediate access to regional transit, pedestrian activity and civic destinations including Government Plaza and adjacent office concentrations.

The location appeals to tenants who prioritize walkability and connectivity to Binghamton University, area employers and downtown services, supporting sustained leasing performance.

Building Size: 11929sq ft
Lot Size: 0.1 acres

Map of 40 Court Street, Binghamton, NY, 13903

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.