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12 Ayres St Binghamton, NY 13905

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For Sale
$299,000

Stabilized student housing in Binghamton's established West Side corridor.

Building Details

Year built
1910

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Listing Contact
James Lucenti
Source: Svn

Listing Agent: James Lucenti

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Binghamton Student Housing Investment

This stabilized student housing asset is located in the core of Binghamton’s West Side, within the most established and consistently leased student corridor in the market. The property is situated in the City of Binghamton’s R-3 zoning district, the primary classification supporting higher density residential use and established student housing. This zoning framework provides long term regulatory alignment for continued student occupancy and positions the asset within one of the City’s most proven rental submarkets. The property is south of Main Street in one of the most desirable student rental submarkets. It is within walking distance to the SUNY bus line, providing direct campus access, and walkable to Downtown Binghamton restaurants, retail, and entertainment. The property is positioned within a proven student housing concentration with consistent leasing demand and strong long term fundamentals driven by location, zoning alignment, and tenant preference.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Binghamton
County
Broome
State
New York
Longitude
-75.9237821
Latitude
42.094261

FAQs

What type of property is this?
Apartment building - Stabilized student housing in Binghamton's established West Side corridor.
Where is this apartment building located?
The property is located at 12 Ayres 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: - High 9.53% CAP Rate based on signed leases.; - Located in Binghamton's established West Side student housing corridor.; - R-3 zoning supports higher density residential and student occupancy.
More about this property
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