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    FOR SALE
    Multifamily properties

    51 Seminary Ave, Binghamton, NY 13905

    Built 1900
    Property ID
    US63-1959057
    Property summary
    AI-generated overview

    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

    Property profile
    Verified
    Property type Multifamily properties
    Year built 1900
    UPID US63-1959057
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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