123 Oak St.

123 Oak St Binghamton, NY 13905

123 Oak St, Binghamton, NY, 13905
123 Oak St, Binghamton, NY, 13905 123 Oak St, Binghamton, NY, 13905 123 Oak St, Binghamton, NY, 13905 123 Oak St, Binghamton, NY, 13905 123 Oak St, Binghamton, NY, 13905
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$299,999
Last Verified:
Nov 27, 2024

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Highlights

  • 6, 1 Bed units.
  • New roof 2022.
  • Boiler less than 10 years old.
  • Walking distance to Downtown Binghamton.
  • In R3 Zoning (Student Housing permissible).

Description

Excellent area for a possible student housing conversion. This area has seen significant development into Student housing over the past few years. This is R3 Zoning (Permissible for Student Housing). This is walking distance to the Bus lines, the Court St Bridge and Downtown Binghamton. This has a very walkable score of 73. The close proximity to Downtown Binghamton and the bus lines creates a very strong rental demand in this area. This is just a few buildings from Main St. This is a 6 unit, 6 Bed complex. The boiler is less than 10 years old. Roof was replaced in 2022. This building already has a couple of student tenants and conversion to student housing is a possibility.

This area has seen significant development into Student housing over the past few years. This is R3 Zoning (Permissible for Student Housing). This is walking distance to the Bus lines, the Court St Bridge and Downtown Binghamton. This has a very walkable score of 73. The close proximity to Downtown Binghamton and the bus lines creates a very strong rental demand in this area.


Year Built: 1960
Building Size: 3356sq ft
Lot Size: 0.2 acres


Documents

SVN - OM/Proposal/BOV (P)

Map of 123 Oak St, Binghamton, NY, 13905

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.