11 Walnut St Binghamton, NY 13905
Student housing building in Binghamton's West Side, R-3 Zoning.
Building Details
- Year built
- 1921
Source:
Svn
Listing Agent: James Lucenti
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Student Housing in Binghamton's West Side
This student housing building is located in the heart of Binghamton's West Side, within the City of Binghamton’s R-3 zoning district, which supports higher density residential use and student housing. The property is south of Main Street. The building is 100% occupied and considered a stabilized student housing asset in a core location on the West Side. Leases for the next semester are secured at $700 per bed, yielding an 11.03% capitalization rate based on current expense ratios. The location benefits from proximity to downtown amenities and established transportation routes, with proven rental demand. This property offers a significant opportunity to own a high-yielding student housing asset in a desirable corridor for student housing in Binghamton. The R-3 zoning designation provides a regulatory framework for continued student occupancy and aligns the asset with the City’s established housing pattern.
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9252857
- Latitude
- 42.0951364
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Student housing building in Binghamton's West Side, R-3 Zoning.
Where is this multifamily property located?
The property is located at 11 Walnut St Binghamton, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: - Enjoy an **11.03% capitalization rate** based on current expense ratios.; - **Stabilized student housing asset with 100% occupancy.**; - Leases secured at $700 per bed for the next semester.
