206 - 218 State, Binghamton, NY 13901

Property Description

206-218 State Street presents a fully renovated, fully leased mixed-use investment opportunity in Downtown Binghamton, featuring 34 residential bedrooms, commercial rental space, and 18 off-street parking spaces. Signed leases through 2028 provide established income and contractual rent growth, with scheduled annual rental income increasing from $397,320 in 2026-2027 to $427,900 in 2027-2028. Located along State Street's Artists Row, the property benefits from proximity to restaurants, entertainment, downtown amenities, and university transportation. Extensive capital improvements, secured rental income, and dedicated parking support long-term investment appeal. The advertised $600,000 list price represents the OPENING BID ONLY and is NOT the property's actual list price or an indication of its market value.