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98 Main Street
About This Property
This location is on both the Blue Bus and City Bus lines. Less than one mile to downtown Binghamton to the east, 2 miles from the Binghamton University Nursing and Pharmaceutical Schools and 3+/- miles from the main Binghamton University campus.
This building has the POTENTIAL for a 4-5 bedroom unit on the first floor and the potential of 6-7 bedrooms on the second floor.
Approximately 6.300+/- square feet in the building. 2,500 +/- square feet in basement
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 28, 2024 | Listed by MACZKO REALTY | $379,000 | |
Listed by MACZKO REALTY | |||
Jan 6, 2022 | Sold | ||
Sold | |||
Jul 20, 2020 | Sold to Group Llc Meja | ||
Sold to Group Llc Meja | |||
Oct 27, 2016 | Sold to Main Street Bing Llc 100 | ||
Sold to Main Street Bing Llc 100 |
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Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
