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5 Leroy St Binghamton, NY 13905

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For Sale
$699,000

10-bed student housing near downtown Binghamton's amenities.

Building Details

Year built
1970

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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 Opportunity

Located in the heart of Binghamton’s established student corridor, 5 Leroy Street is a 10-bed student housing asset. The property is situated one block from Front Street, offering immediate proximity to Downtown Binghamton’s restaurants, retail, and entertainment amenities, which are key drivers of tenant demand. The property is currently leased to a sorority, providing cohesive group occupancy and a simplified management structure compared to individual by-the-bed leasing. Off-street parking is available, offering a competitive advantage. The location provides strong walkability and access to student transportation routes. The property is located within the City of Binghamton’s R-3 zoning district, which supports 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 proven rental submarkets. The location is positioned in a proven rental submarket with consistent student demand, making it an attractive opportunity for investors seeking durable cash flow within Binghamton’s core student housing market.
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 Auto Repair Shop

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
-75.9196151
Latitude
42.0948688

FAQs

What type of property is this?
Apartment building - 10-bed student housing near downtown Binghamton's amenities.
Where is this apartment building located?
The property is located at 5 Leroy St Binghamton, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: - 10-bed student housing asset in an established student corridor.; - Immediate proximity to Downtown Binghamton restaurants, retail, and nightlife.; - Currently leased to a sorority, providing cohesive group occupancy and simplified management.
More about this property
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