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Property summary
This exceptional redevelopment opportunity presents a 100,000 square foot, three-story brick building situated on a 5.06-acre lot in Vestal, New York. Previously approved for conversion into a 128-unit multifamily development, this former nursing home offers significant potential for various uses, including market-rate or student housing. Its prime location in Vestal, a highly desirable community, provides easy access to major highway systems and is approximately 3.7 miles from Binghamton… University. The substantial existing structure, built in 1990, minimizes initial construction costs, while the ample land provides flexibility for future expansion or additional amenities. The asking price is $2,395,000, translating to $23.95 per square foot. This property represents a unique chance to capitalize on a strong location and a substantial existing building, offering a compelling return on investment for a developer seeking a high-impact project in a thriving upstate New York community. The property's history as a long-standing nursing home provides a solid foundation for a variety of redevelopment scenarios. Its proximity to Binghamton University makes it particularly attractive for student housing, while its size and location also lend themselves to market-rate apartments. The existing infrastructure significantly reduces the upfront costs associated with new construction, allowing for a faster return on investment. This is a rare opportunity to acquire a large-scale property with significant upside potential in a desirable location.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
2 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 80,139 SF
- Lot area
- 5.06 ac
- Year built
- 1975
- Stories
- 2
- APN
- 034800 157.58-2-6
- Zoning
- RC
- Assessed value · 2023
- $200,000
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The purpose of this zoning district is to provide boarding house or rooming house, church and other place of worship, park, playground and other open recreational area, townhouse, public elementary or secondary school pa…
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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