5 Leroy St Binghamton, NY 13905
10-bed student housing near downtown Binghamton's amenities.
Building Details
- Year built
- 1970
Source:
Svn
Listing Agent: James Lucenti
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9196151
- Latitude
- 42.0948688
Nearby Similar for Sale
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.
