74 Carroll St

Positioned just off Court Street, 74 Carroll Street benefits from immediate access to Downtown Binghamton’s primary demand drivers while maintaining a more controlled residential setting. The property sits within walking distance to Binghamton University’s downtown presence, Government Plaza, and the city’s core retail, dining, and nightlife. This location consistently supports student and young professional tenancy, driven by proximity to both academic and employment centers. Access to the SUNY bus line and public transportation provides direct connectivity to Binghamton University’s main campus, reinforcing long-term leasing stability within the student housing cycle. Unlike many downtown assets, the property offers a dedicated off-street parking component, improving tenant retention and operational ease in a market where parking is limited.74 Carroll Street is a 13,020 SF mixed-use investment opportunity positioned to capture both student housing demand and commercial income. The residential component includes five units totaling 25 student beds, designed with multi-bedroom layouts, multiple bathrooms, and loft-style configurations that align with current leasing preferences. Updated interior finishes help distinguish the property from competing inventory in the market. The building features secure coded access at both the main entry and unit levels, supporting tenant quality and efficient management. The commercial space provides an additional income stream, supported by a recently executed three-year lease. Situated just off Court Street, the property benefits from proximity to Binghamton University’s downtown presence, public transportation, and neighborhood retail. The larger parcel includes off-street parking, a key advantage in this market, supporting consistent demand and long-term performance.