99 Oak St Binghamton, NY 13905
- Commercial real estate
- 23,654 SF
Current Use by Public Records
- Commercial real estate
Property Details for 99 Oak St
- Year built
- 1970
- Property size
- 23,654 SF
- Property type
- Commercial real estate
Description
This exceptional 24-unit apartment building, located at 99 Oak St, Binghamton, NY 13905, presents a compelling investment opportunity. The property, a Class C multifamily building constructed in 1970, boasts a total of 23,654 square feet and offers 40 beds across its spacious units. Recently undergoing extensive renovations totaling over $890,000, the complex showcases high-end finishes and modern design throughout, creating a highly desirable living environment for students. Its prime location, just south of Main Street and within walking distance of the Court Street Bridge and downtown Binghamton, provides unparalleled access to restaurants, shops, and entertainment. The property benefits from a walkability score of 80, ensuring convenient access to all amenities. Off-street parking is available for tenants. With a 7.60% cap rate and an asking price of $3,250,000, this turnkey student housing complex offers a strong return on investment in a market with consistently high rental demand. This is a rare opportunity to acquire a meticulously renovated property in a vibrant and desirable location. The property's superior quality and appeal, combined with its strategic location, make it an exceptional addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9205225
- Latitude
- 42.0980189
