51 Seminary Ave, Binghamton, NY 13905
For Sale
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Offered for sale is a stabilized student housing asset located in the core of Binghamton’s West Side, the most established and consistently leased student corridor in the market. The property is located within the City of Binghamton’s R-3 zoning district, 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. • Located at 51 Seminary Ave. in Binghamton’s established West Side student housing corridor • Situated in R-3 zoning supporting higher density residential and student occupancy • South of Main Street in one of the most desirable student rental submarkets • Offered at a 9.03% CAP Rate • Walking distance to SUNY bus line providing direct campus access • Walkable to Downtown Binghamton restaurants, retail, and entertainment • Positioned within a proven student housing concentration with consistent leasing demand • Strong long term fundamentals driven by location, zoning alignment, and tenant preference
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.