SPG Downtown Proximity Portofolio Multi-Family FOR SALE


Binghamton, NY - Westside Binghamton
$7,655,873 USD
607-621-0439
, Binghamton, NY for Sale
$7,655,873 USD
Multi-Family - FOR SALE
1/13
null | 7.66% Cap Rate

SPG Downtown Proximity Portofolio
Binghamton, NY
Westside Binghamton


HIGHLIGHTS

  • Eleven properties positioned along Oak, Chapin, and Front Streets, offering walkable access to Binghamton University’s Downtown Center, retail, and em
  • Consistent tenant demand supported by more than 18,000 students and fewer than 7,600 on-campus beds, ensuring reliable year-round leasing.
  • Professional management in place at a 5 percent rate, providing efficient oversight, continuity, and immediate scalability.
  • Located within an expanding downtown corridor benefitting from university investment, healthcare growth, and ongoing redevelopment activity.

OVERVIEW

The Downtown Proximity Portfolio includes 11 buildings positioned along Oak, Chapin, and Front Streets in Binghamton, New York. Just beyond the downtown core, these assets combine the convenience of central access with the stability of established neighborhoods. Residents are steps from Binghamton University’s Downtown Center, the SUNY bus line, and the city’s growing base of employers, retailers, and entertainment. Each property is located within an R3 zoning district, ensuring continued use for student housing and long-term operational security. The portfolio’s scale and concentration create management efficiencies and dependable occupancy, supported by Binghamton University’s enrollment of more than 18,000 students and fewer than 7,600 on-campus beds. With consistent rent growth, professional management in place at a 5 percent rate, and strong in-place income, the Downtown Proximity Portfolio offers investors a strategic position in one of Binghamton’s most active submarkets. Few opportunities provide this level of stability, scale, and proximity to both university and downtown growth corridors, making it a rare chance to secure lasting value in a market on the rise.

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.