162 Court St Binghamton, NY 13901
Student housing asset with retail space in Downtown Binghamton.
Property size:
20,372 SFProperty Features for 162 Court St
General Information
- Size
- 20,372 SF
Source:
Lee-associates
Listing Agent: Sean Slattery
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Downtown Binghamton Student Housing Asset
Located at the corner of Court Street and Carroll Street in Downtown Binghamton, this property features 10 units comprising 56 beds. Recent capital improvements have been completed. The property is positioned to benefit from a growing student rental market, supported by a 19% increase in undergraduate applications in 2023 at Binghamton University, which is ranked as New York’s #1 Value Public University by U.S. News & World Report. The property offers consistent residential cash flow, with the potential to add value by leasing the approximately 2,700 square feet of retail space or converting it to self-storage. The unit mix and multiple unit sizes allow for flexibility in renting to individuals or groups. The property's total size is 20,372 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
162 Court Street
Business Center
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9075638
- Latitude
- 42.0994826
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Student housing asset with retail space in Downtown Binghamton.
Where is this apartment building located?
The property is located at 162 Court St Binghamton, NY.
What is the asking price?
The asking price for this property is $3,625,000.
What are key features of this property?
This property features: - Located in Downtown Binghamton, servicing Binghamton University, New York’s #1 Value Public University.; - Features **10 units consisting of 56 total beds**, catering to the student housing market.; - Opportunity to add value by leasing approximately 2,700 feet of retail space or converting it to self-storage.