Listed by SVN Innovative Commercial Advisors
$349,000
116 Murray St.
Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 3,605
Cap Rate 6.62%
NOI $23,008
Price per SqFt $97
Lot Size (SqFt) 10,437
Parking Spaces spaces
Multifamily | 6.62% CAP
Investment highlights
• Located at 116 Murray Street 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
• Offered at $38,778 per bed • Central air conditioning, a competitive amenity in the local student housing market
Listing Contacts
Listed by SVN Innovative Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$23,008.00
$1,917.33/mo
Valuation Metrics
0
DSCR
6.59%
Cap Rate
6.59%
ROI
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