139 Murray Street, Binghamton, NY 13905
Student housing complex near SUNY bus lines and downtown Binghamton.
- Added:
- Nov 21, 2025
- Days on Market:
- 227
- Last Refresh:
- Jun 29 at 3:19 am
Property Features for 139 Murray Street
General Information
- Standard status
- Active
- Size
- 8,134 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing office SVN Innovative Commercial Advisors (607) 621-0439
Listing date Nov 21, 2025
Source Svn
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All listing content including descriptions, pricing, images are the copyrighted material of SVN Innovative Commercial Advisors
HighLights
- Excellent location: one block from SUNY bus lines and four blocks from Downtown Binghamton.
- Recent renovations: new roof, new kitchens, and laundry room.
- Ample off‑street parking with a spacious parking lot.
- Separately metered units.
- R‑3 Zoning approved for students.
- Secured building with sprinkler system and steel fire escape.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.8k | $16.20 |
| − Vacancy | −$8.6k | −$1.05 |
| EGI | $123.2k | $15.15 |
| − OpEx | −$55.4k | −$6.82 |
| NOI | $67.8k | $8.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9204734
- Latitude
- 42.1019054
