51 Seminary Ave - Apartments FOR SALE


Binghamton, NY 13905- Westside Binghamton
$359,000 USD
607-621-0439
51 Seminary Ave, Binghamton, NY for Sale
$359,000 USD
Apartments - FOR SALE
1/13
null | 9.03% Cap Rate

51 Seminary Ave
Binghamton, NY 13905
Westside Binghamton


HIGHLIGHTS

  • • Located at 51 Seminary Ave. in Binghamton’s established West Side student housing corridor
  • • Situated in R-3 zoning supporting higher density residential and student occupancy
  • • South of Main Street in one of the most desirable student rental submarkets
  • • Walking distance to SUNY bus line providing direct campus access

OVERVIEW

Offered for sale is a stabilized student housing asset located in the core of Binghamton’s West Side, the most established and consistently leased student corridor in the market. The property is situated within the City’s R-3 zoning district, which supports higher density residential use and aligns with the surrounding student housing concentration south of Main Street. This location remains one of the most desirable areas for student tenants due to proximity to downtown amenities and established transportation routes

FOR SALE DETAILS

PRICE

$359,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

2

PRICE/UNIT

$179,500

CAP RATE

9.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,498 SF

ZONING

-

APN/PARCEL ID

030200-160-046-0002-031-000-0000

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.