51 Seminary Ave Binghamton, NY 13905
Located in Binghamton's West Side student housing corridor.
Building Details
- Year built
- 1900
Source:
Svn
Listing Agent: James Lucenti
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Stabilized Student Housing Asset
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, which is 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. The property is offered at a 9.03% CAP Rate.
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9256222
- Latitude
- 42.0975645
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Located in Binghamton's West Side student housing corridor.
Where is this multifamily property located?
The property is located at 51 Seminary Ave Binghamton, NY.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: - Located in Binghamton's established West Side student housing corridor, a proven rental submarket with consistent leasing demand.; - R-3 zoning supports higher density residential and student occupancy, ensuring long-term regulatory alignment.; - Offered at an attractive 9.03% CAP Rate.
