162 Court Street

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Address: 162 Court St, Binghamton, NY 13901, USA

New York & Tri-State + Apartment Buildings

Created date: June 10, 2024

Date last updated: September 9, 2024

Located in Downtown Binghamton, servicing Binghamton University, New York’s #1 Value Public University named by U.S. News & World Report
56 beds across 10 units with multiple unit sizes allows for flexibility in renting to individuals or groups
Consistent demand from student groups looking for larger format units

Property Description

Lee & Associates is pleased to present exclusively for sale the student housing asset located at 162 Court Street, Binghamton, NY 13901 (the “Property”). Located on the corner of Court Street and Carroll Street in the heart of Downtown Binghamton, the Property features 10 units consisting of 56 total beds. With recent capital programs completed in the building coupled with a 19% increase in undergraduate applications in 2023, the Property is poised to see outsized returns in a flourishing student rental market that continues to grow year-over-year. The Property will provide an investor with consistency and growth through residential cashflow with the opportunity to add value by leasing the approximately 2,700 feet of retail, or converting the space to self-storage.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$3,625,000
No. of Units:	10
Lot Size:	0.14 Sq ft
Opportunity Zone:	No
Price per unit:	$362,500
Property Website	Click Here