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    Student Housing Opportunity Title is generated by Realmo AI

    5 Leroy St, Binghamton, NY 13905

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    Student housing property for sale.

    Type:Multifamily
    Property size:
    5,415 SF
    Price / SF:
    $129/SF
    Added:
    Feb 27, 2026
    Days on Market:
    129
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 5 Leroy St

    General Information

    Standard status
    Active
    Size
    5,415 SF
    Property subtype
    Multifamily

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    Scott Warren
    Scott Warren

    Listing office SVN Innovative Commercial Advisors

    Listing date Feb 27, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of SVN Innovative Commercial Advisors

    HighLights

    • Student housing
    • Further details unavailable

    Overview

    This property is purposed for student housing. The building has a size of 5415 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $87.7k $16.20
    − Vacancy −$5.7k −$1.05
    EGI $82.0k $15.15
    − OpEx −$36.9k −$6.82
    NOI $45.1k $8.33
    5,415 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $644.5K
    $563.9K – $751.9K (±1% cap)
    NOI $45,112 @ 7.0% cap · market cap 6.45%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.34M
    $1.18M – $1.57M (±1% cap)
    NOI $94,039 @ 7.0% cap · market cap 13.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Furniture & Home Goods Daycare Center HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Clothing & Fashion Store Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.9196151
    Latitude
    42.0948688

    FAQs

    What type of property is this?
    Apartment building - Student housing property for sale.
    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: Student housing; Further details unavailable
    (607) 621-0439 Call to check price and availability
    More about this property
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