Stabilized Student Housing
51 Seminary Ave, Binghamton, NY 13905
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Student housing property with strong rental demand and stable cashflow.
Type:Multifamily
Property size:
2,335 SFPrice / SF:
$153/SF- Added:
- Mar 3, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 16 at 2:01 pm
Property Features for 51 Seminary Ave
General Information
- Standard status
- Active
- Size
- 2,335 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agent Scott Warren License #NY 10301220936
Listing office SVN Innovative Commercial Advisors (607) 621-0439
Listing date Mar 3, 2026
Source Crexi
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HighLights
- Stabilized student housing asset in Binghamton's prime West Side student corridor.
- Strong in‑place yield with a projected 9.03% capitalization rate.
- Leases secured for the upcoming semester at $625 per bed.
- R‑3 zoning supports high‑density residential use and continued student occupancy.
- Proximity to downtown amenities and established transportation routes, including the SUNY bus line.
- Functional layout with six bedrooms and two full bathrooms, supporting consistent student occupancy.
Overview
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 features six bedrooms and two full bathrooms with a functional layout that supports consistent student occupancy and efficient leasing. Situated within the City’s R-3 zoning district, which supports higher density residential use, the property aligns with the surrounding student housing concentration south of Main Street. This location is desirable for student tenants due to its proximity to downtown amenities and established transportation routes. Leases for the upcoming semester are secured at $625 per bed. The asset is projected to deliver a 9.03% capitalization rate based on current operating expense ratios. The property is within walking distance of the SUNY bus line, providing direct connectivity to Binghamton University, and also walkable to Downtown Binghamton’s restaurants, retail, and entertainment venues. The combination of R-3 zoning, established student density, transportation access, and downtown proximity supports continued rental demand, strong occupancy levels, and long term asset stability. The property size is 2335 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9256222
- Latitude
- 42.0975645
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FAQs
What type of property is this?
Multifamily property - Student housing property with strong rental demand and stable cashflow.
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: Stabilized student housing asset in Binghamton's prime West Side student corridor.; Strong in‑place yield with a projected 9.03% capitalization rate.; Leases secured for the upcoming semester at $625 per bed.
