NOT LISTED FOR SALE

61 Front St Binghamton, NY 13905

West Side Neighborhood

Estimated Value: $187,341

13 Beds
5 Baths
5,540 Sq Ft
$34/Sq Ft Est. Value

Last Sold August 04, 2025

Last sale price $649,000 $117 Per Sq Ft

Current estimated payment $1,157/month

6 Days on Market

About This Home

As of August 2025

13 bed turn key complex fully rented through May 2026. Great investment opportunity. Two single family houses on one lot, a 9 bed house and a 4 bed house. Competitively priced at approximately a 12% cap rate. Member of owning entity is a licensed Real Estate Broker in New York State.

Last Agent to Sell the Property

Nate Weinberg

EQUITY VENTURE REALTY, LLC. License #10491210552 Listed on: 04/11/2025

Last Buyer's Agent

Steph Jacobson

Yaman Commercial Industrial License #10401301213

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,099

Year Built

  • Built in 1910

Home Design

  • 5,540 Sq Ft Home

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 5 Full Bathrooms

Schools

  • Horace Mann Elementary School

Utilities

  • Central Air
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 030200-160-048-0001-004-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $3,500
  • Maintenance Expense $3,500
  • Water Sewer Expense $1,830
  • Gross Income $113,820
  • Net Operating Income $78,136

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,099

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: unknown
  • Professional Management Expense: 3500.0
  • Ownership: OWNER
  • Directions: From Main St, south on Front St.
  • Above Grade Finished Sq Ft: 5540.0
  • Garage Yn: No
  • Structure Type: Apartment
  • Year Built: 1910
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 5
  • Total Bedrooms: 13
  • Flooring: Other, See Remarks
  • Living Area: 5540.0

Exterior Features

  • Lot Features: Other, See Remarks
  • Construction Type: Other
  • Exterior Features: Other
  • Foundation Details: Other, See Remarks

Garage/Parking

  • Parking Features: Parking Space(s)

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other, See Remarks
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 8255.0
  • Annual Water Sewer Expense: 1830.0

Schools

  • Elementary School: Horace Mann
  • Junior High Dist: Binghamton

Lot Info

  • Parcel #: 030200-160-048-0001-004-000-0000
  • Zoning Description: C-5
  • Zoning: C-5

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 113820.0
  • Insurance Expense: 3500.0
  • Maintenance Expense: 3500.0
  • Property Net Operating Income: 78136.0
  • Annual Operating Expense: 35684.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 15099.0
  • Tax Book Number: 160.48-1-4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2025
Closed on
Aug 1, 2025
Sold by
Front Seminary Llc
Bought by
Pink Dogwood Llc
Seller's Agent
Nate Weinberg
EQUITY VENTURE REALTY, LLC.
Buyer's Agent
Steph Jacobson
Yaman Commercial Industrial
List Price
$649,000
Sold Price
$649,000
Views
9
Current Estimated Value
$187,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$461,659
Original Mortgage
$487,500
Outstanding Balance
$487,082
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2012
Sold by
Stephgina Realty Co Inc
Bought by
Rsp Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 1997
Sold by
Manufacturers And Traders Tru
Bought by
Stephgina Realty Co Inc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pink Dogwood Llc $649,000 None Listed On Document
Pink Dogwood Llc $649,000 None Listed On Document
Rsp Llc $280,000 None Available
Stephgina Realty Co Inc $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pink Dogwood Llc $487,500
Closed Pink Dogwood Llc $487,500
Previous Owner Rsp Llc $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2025 08/04/25 Sold $649,000 0.0% $117 / Sq Ft
04/17/2025 04/17/25 Pending -- -- --
04/11/2025 04/11/25 For Sale $649,000 -- $117 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,099 $153,200 $25,000 $128,200
2023 $14,823 $153,200 $25,000 $128,200
2022 $14,475 $153,200 $25,000 $128,200
2021 $14,313 $153,200 $25,000 $128,200
2020 $9,298 $99,200 $25,000 $74,200
2019 $4,958 $99,200 $25,000 $74,200
2018 $9,034 $99,200 $25,000 $74,200
2017 $9,081 $99,200 $25,000 $74,200
2016 $9,134 $99,200 $25,000 $74,200
2015 $5,358 $99,200 $25,000 $74,200
2014 $5,358 $99,200 $25,000 $74,200
Source: Public Records

Agents Affiliated with this Home

  • Nate Weinberg

    Seller's Agent in 2025

    Nate Weinberg

    EQUITY VENTURE REALTY, LLC.

    (518) 355-9487

    8 in this area

    22 Total Sales

    Nate Weinberg
    Section Image
  • Steph Jacobson

    Buyer's Agent in 2025

    Steph Jacobson

    Yaman Commercial Industrial

    (607) 857-3864

    19 in this area

    75 Total Sales

    Steph Jacobson
    Section Image
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Map

Source: Greater Binghamton Association of REALTORS®

MLS Number: 330658

APN: 030200-160-048-0001-004-000-0000

New York Broome County Binghamton 13905 West Side

61 Front St, Binghamton, NY

Not Listed for Sale

MultiFamily

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