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Office

2 Court St

2 Court St, Binghamton, NY 13901

Listing Price: $6,420,000

Cap Rate
9.10%
Gross SF
64,000
Rentable SF
55,248
Price/Gross SF
$100.31
Lot Size
1.12 acres
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present 2 Court St. A four-story, 64,000 sq. ft office building in the central business district of Binghamton NY. The property features 10 units that are fully occupied by a tenant mix that includes Social Security Administration, Merrill Lynch, Renaissance Insurance and several law and accounting firms. Leases are gross and range from monthly to 10 years of term remaining. The building is in excellent condition and sits on a 1.12-acre land parcel with 107 underground parking spaces. 2 Court St is ideally situated within walking distance to City Hall, many shops and restaurants and has easy access to route 363 and I-86. This property features a magnificent panoramic view of the Chenango River with the Binghamton River Walk trail and park running directly behind. The population within a three-mile radius is 73,163 with an average household income of $58,806

Investment Highlights

  • 64,000SF Premiere CBD Office Building
  • 10 Units, 100% Leased
  • • 107 Underground Parking Spots

Exclusively Listed By

  • Brian Kaplan

    Senior Associate

    (201) 742-6133

    Email Brian

    License(s): NJ: 1753184, NY: 10401253635

    New Jersey

  • Chip Collins

    First Vice President Investments

    (201) 742-6124

    Email Chip

    License(s): NJ: 0016571, NY: 10401230649, PA: RSR001965

    New Jersey

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s) NY: 10311204479

    New York

Listing Price: $6,420,000

Cap Rate
9.10%
Gross SF
64,000
Rentable SF
55,248
Price/Gross SF
$100.31
Lot Size
1.12 acres
Year Built
1970

Investment Highlights

  • 64,000SF Premiere CBD Office Building
  • 10 Units, 100% Leased
  • • 107 Underground Parking Spots

Investment Overview

Marcus & Millichap is pleased to present 2 Court St. A four-story, 64,000 sq. ft office building in the central business district of Binghamton NY. The property features 10 units that are fully occupied by a tenant mix that includes Social Security Administration, Merrill Lynch, Renaissance Insurance and several law and accounting firms. Leases are gross and range from monthly to 10 years of term remaining. The building is in excellent condition and sits on a 1.12-acre land parcel with 107 underground parking spaces. 2 Court St is ideally situated within walking distance to City Hall, many shops and restaurants and has easy access to route 363 and I-86. This property features a magnificent panoramic view of the Chenango River with the Binghamton River Walk trail and park running directly behind. The population within a three-mile radius is 73,163 with an average household income of $58,806

Exclusively Listed By

  • Brian Kaplan

    Senior Associate

    (201) 742-6133

    Email Brian

    License(s): NJ: 1753184, NY: 10401253635

    New Jersey

  • Chip Collins

    First Vice President Investments

    (201) 742-6124

    Email Chip

    License(s): NJ: 0016571, NY: 10401230649, PA: RSR001965

    New Jersey

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s): NY: 10311204479

    New York

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