111 Oak St. Portfolio

111 Oak St Binghamton, NY 13905

111 Oak St, Binghamton, NY, 13905
111 Oak
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,575,000
Last Verified:
Apr 01, 2024

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Highlights

  • 26 Student beds!
  • 10 Vehicle lot which presents a unique development opportunity in the heart of Binghamton!
  • Brick Buildings!
  • Street Level Retail in Downtown!
  • Massive Upside Potential!
  • 1 Block from the Koffman Incubator!
  • Average student bed rents for $791 in Downtown!

Description

Matthew Karlgut with SVN Innovative Commercial Advisors is proud to announce this Unique opportunity to break into the student housing market in Downtown Binghamton with an impressive 26 bed portfolio spread across 2 properties 138 Court St and 111 Oak St. 156 Court St is a 10 vehicle lot which presents a unique development opportunity in the heart of Binghamton! The Average student bed rents for $791 in Downtown. This creates Massive Upside Potential!

Located in, and in very close proximity to Downtown Binghamton, This Portfolio includes 111 Oak St(12 Units) which is located within 1 block to Downtown, 138 Court St (3 Units) In Downtown, and 156 Court (10 Vehicle Lot) also in Downtown Binghamton. This is Located at the epicenter of student housing with approximately 1,300 Student Beds located in the immediate vicinity. The Greater Binghamton Area has recently been named a Federal Technology Hub, and is home to The Koffman Incubator. Many innovative corporations have chosen the Greater Binghamton Area as their home.


Year Built: 1965
Building Size: 13292sq ft
Lot Size: 0.23 acres


Documents

SVN - OM/Proposal/BOV (P)

Map of 111 Oak St, Binghamton, NY, 13905

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.