Apartment Acquisitions · Binghamton
Sell Your Commercial Property In Binghamton, NY
Own a commercial apartment building of five or more units in Binghamton? We purchase multifamily properties around West Side, First Ward, and the rest of Broome County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: West Side · First Ward · Johnson City · Vestal — Broome County, NY
Local Demand
Our View On Binghamton
Binghamton, in Broome County, counts 47,151 residents in the Census Bureau's ACS 2020-2024 estimates. Renters occupy 56.0% of its homes, and rental vacancy is 10.7%. Median gross rent is $870 a month. HUD's FY2027 two-bedroom fair market rent for the Binghamton, NY MSA is $1,219.
Owners who want to sell commercial property in Binghamton, NY work in the county's apartment center: 24.3% of city housing units sit in five-plus buildings. The stock is old, with 87.8% of homes built before 1980.
Binghamton University
Binghamton University reports 14,500+ undergraduates for fall 2025; Census counts its campus as a separate place outside city limits.Ascension Binghamton hospital
Ascension Binghamton, including Our Lady of Lourdes Memorial Hospital at 169 Riverside Drive, lists 2,250 doctors, nurses and associates.Low rents versus New York
Binghamton's $870 median gross rent is about 54% of New York State's $1,621, per ACS 2020-2024.Our Buy Box
What We Buy In Binghamton
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Binghamton Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Binghamton
Renters occupy 56.0% of occupied homes in Binghamton, or 11,985 of 21,393, per the ACS 2020-2024 tenure table. Across Broome County, the renter share is 35.5%, per the county tenure table.
Buildings of five or more units hold 24.3% of Binghamton's 25,457 housing units, per the units-in-structure table. Those 6,175 units are 46.7% of Broome County's five-plus stock. In Binghamton, 87.8% of homes were built before 1980, per the year-built table.
Rents and affordability in Binghamton
Median gross rent in Binghamton is $870 a month under ACS 2020-2024, per the Census median rent table. Under HUD FY2027 fair market rents, the Binghamton, NY MSA two-bedroom figure is $1,219, or $349 higher. Rental vacancy in Binghamton is 10.7%, per the housing profile.
| Unit size | HUD FY2027 FMR, Binghamton, NY MSA |
|---|---|
| Efficiency | $849 |
| One-bedroom | $954 |
| Two-bedroom | $1,219 |
| Three-bedroom | $1,535 |
| Four-bedroom | $1,769 |
Owners who sell commercial property in Binghamton, NY can show buyers how far in-place rents sit below that benchmark.
Property taxes in Broome County
A $2,000,000 building in Binghamton taxed at non-homestead rates would owe about $124,180 a year. Broome County's rate page lists 9.468592 for the county (2025), 42.360214 for the city (2025) and 46.726597 for the school district (2024-25), a combined 98.555403 per $1,000 of assessed value. Binghamton's equalization rate is 63.00%.
- Assessed value: $2,000,000 x 63% = $1,260,000.
- Tax: $1,260,000 x 98.555403 / 1,000 = $124,180 a year.
Anyone planning to sell commercial real estate in Binghamton, NY pays New York's transfer tax of $2 per $500, or $8,000 on $2,000,000. The state's mansion tax covers one- to three-family homes, condos and co-ops.
Landlord rules in Binghamton
New York caps deposits at one month's rent and requires an itemized statement and return within 14 days, under General Obligations Law 7-108. A nonpayment case needs a written rent demand with at least 14 days' notice under RPAPL 711.
Rent increases of 5% or more need 30, 60 or 90 days' notice, by tenancy length, under Real Property Law 226-c.
What this means for a Binghamton owner
Binghamton's 56.0% renter share gives buyers a deep tenant base, while 10.7% rental vacancy means lease-up risk. If you sell commercial property in Binghamton, NY, buyers will price in an 87.8% pre-1980 stock and a 98.555403 combined rate.
Skyline Capital Investments buys buildings of five or more units in Binghamton. When you sell your apartment building in Binghamton, test your numbers in the cap rate calculator and send the address through our seller page.
Seller Notes
Binghamton Seller Checklist
More about selling in New York →Investing in Binghamton? See apartment syndications in Binghamton →
- Binghamton's equalization rate is 63.00%, and its combined non-homestead rate is 98.555403 per $1,000.
- Binghamton holds 46.7% of Broome County's homes in five-plus unit buildings under ACS 2020-2024.
- Owners who sell commercial real estate in Binghamton, NY pay $2 per $500 in transfer tax.
Seller Guides
Selling A Building In Binghamton
Learn More
Taxes & Rules For Binghamton Property
The New York rules that shape any deal in Binghamton: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Binghamton Seller FAQ
What should I know before I sell commercial property in Binghamton, NY?
Renters occupy 56.0% of Binghamton homes, and rental vacancy is 10.7% under ACS 2020-2024. A $2,000,000 building assessed at the 63.00% equalization rate owes about $124,180 a year at non-homestead rates. Most homes predate 1980.
What does it cost to sell commercial real estate in Binghamton, NY?
New York's real estate transfer tax is $2 per $500 of consideration, and the seller generally pays it. On a $2,000,000 sale, that comes to $8,000. The mansion tax applies to one- to three-family homes, condos and co-ops.
How much notice do Binghamton tenants get before a rent increase?
Under Real Property Law 226-c, an increase of 5% or more needs 30 days' notice for tenants under one year. Tenants of one to two years get 60 days. Tenants of two years or more get 90 days. Selling commercial property in Binghamton does not change those periods.
How do HUD rents compare with what Binghamton tenants pay?
HUD's FY2027 two-bedroom fair market rent for the Binghamton, NY MSA is $1,219. Median gross rent in Binghamton is $870 under ACS 2020-2024, which is $349 lower. That gap gives buyers a measurable renewal target.
Can I sell multifamily property in Binghamton with tenants in place?
Yes. Skyline Capital Investments buys occupied buildings of five or more units in Binghamton. Tenant security deposits stay governed by General Obligations Law 7-108, which caps deposits at one month's rent and requires return within 14 days.
What if my Binghamton building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Broome County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Can I sell rental property in Binghamton with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
Do I need a broker to sell my apartment building in Binghamton?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Tell Us About Your Property In Binghamton
A few details are enough to start. We respond to every Binghamton submission, including off-market and pocket listings.
