5 Leroy St - Apartments FOR SALE


Binghamton, NY 13905- Westside Binghamton
$699,000 USD
607-621-0439
5 Leroy St, Binghamton, NY for Sale
$699,000 USD
Apartments - FOR SALE
1/13
null | 9.01% Cap Rate

5 Leroy St
Binghamton, NY 13905
Westside Binghamton


HIGHLIGHTS

  • • 10 bed student housing asset
  • Located one block from Front Street
  • • Immediate proximity to Downtown Binghamton restaurants, retail, and nightlife
  • • Currently leased to a sorority providing cohesive group occupancy

OVERVIEW

Offered for sale is 5 Leroy Street, a 10 bed student housing asset located in the heart of Binghamton’s established student corridor. The property is positioned just one block from Front Street and within immediate proximity to Downtown Binghamton’s restaurants, retail, and entertainment amenities, a key driver of tenant demand in this submarket. The building is currently leased to a sorority, providing cohesive occupancy and simplified management relative to traditional by the bed leasing.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

2

PRICE/UNIT

$349,500

CAP RATE

9.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

030200-160-055-0003-004-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.