99 Oak St

99 Oak St Binghamton, NY 13905

99 Oak St, Binghamton, NY, 13905
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,250,000
Last Verified:
Oct 13, 2024

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Highlights

  • Extensive Renovations: Over $890,000 invested in upgrades and modernizations
  • Spacious Layout: 24 units offering a total of 40 beds
  • Luxury Interiors: Featuring premium, high-end finishes throughout
  • Convenient Parking: Off-street parking available for tenants
  • Prime Location: Steps from the Court Street Bridge and the heart of Downtown Binghamton

Description

This fully renovated, turnkey student housing complex in the heart of Binghamton, NY is now available for sale. Perfectly positioned to leverage the robust student housing market, the property sits on Oak Street just south of Main Street, within walking distance of the Court Street Bridge and all of Downtown Binghamton’s top restaurants, clubs, shops, and amenities. With a walkability score of 80, it provides unbeatable access to everything students desire. The 24-unit, 40-bed complex has undergone extensive renovations totaling $890,960, showcasing beautiful high-end finishes and modern design throughout. A rare opportunity to invest in a property that stands out with its quality and appeal in an area with consistently high rental demand. Assumable non recourse loan may be available to a qualified buyer.

Located in the heart of Binghamton’s thriving student housing market, this property is perfectly positioned to benefit from high demand. Downtown Binghamton is the area’s premier student housing hub, home to approximately 1,300 student beds. Strategically situated on Oak Street, just south of the Main Street intersection, the building is within easy walking distance to Main Street, the Court Street Bridge, and Downtown’s best restaurants, shops, clubs, and amenities. With a walkability score of 80, this location offers exceptional access and convenience—right where students want to be.


Year Built: 1970
Building Size: 23654sq ft
Building Class: C
Lot Size: 0.25 acres


Documents

Investment Analysis (30).pdf
SVN - OM/Proposal/BOV (P)

Map of 99 Oak St, Binghamton, NY, 13905

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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."

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