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25391732
25391766

64 Murray Street, Binghamton, NY 13905

SJ
NY 10401301213
Yaman Commercial
Listed by Yaman Commercial
$957,000
334 days on market
Updated 5 days ago

Binghamton Student Housing Trio

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 9,254
Units 4
Cap Rate 9.15%
NOI $87,717
Occupancy 100%
Broker Co-Op Yes
Class B
Year Built 1900, 1920
Year Renovated 2022
Buildings 3
Stories 2
Acreage 0.350
Zoning R3
Occupancy Date 08/01/2025

Fully-Occupied Through May 2027

Marketing description

Three fully-occupied properties with 24 beds available in Binghamton's highly-desirable R3 zone! Come look into 6 Seminary Ave, 64 Murray St, and 92 1/2 Walnut. Zoning allows for unrelated occupants and is fully compliant for student housing. Leasing these units is easy, as tenants find the recent upgrades and furnished units highly appealing. Historical vacancy has been virtually zero. All three enjoy the benefits of a highly walkable neighborhood and have easy access to the BU bus lines. Recent upgrades at 6 Seminary include appliances, furniture, flooring, furnace and hot water tank. 64 Murray has a newly-renovated three seasons room, some new flooring, new appliances and newer furniture. 92 1/2 Walnut boasts two kitchens, two furnaces, newer appliances and some upgraded furniture.

Investment highlights

24 bedrooms, 6 baths

Highly desirable locations

Convenient to BU bus lines

Convenient to shopping and night life

Extremely low historical vacancy

Fully student compliant zoning

Listing Contacts

SJ
NY 10401301213
Yaman Commercial
Listed by Yaman Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$87,717.00
$7,309.75/mo

Valuation Metrics

0
DSCR
9.17%
Cap Rate
9.17%
ROI

Map

Zoning

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R-3 ResidentialMulti FamilyResidential Multi Unit Dwelling
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View all 14 uses
View all 14 uses
Last updated Mar 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Steph Jacobson
License
10401301213
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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