Listed by SVN Innovative Commercial Advisors
$299,000
12 Ayres St
Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 2,012
NOI $28,452
Price per SqFt $149
Lot Size (SqFt) 3,268
Zoning R-3
Multifamily
Investment highlights
Located at 12 Ayres 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 a 9.53% CAP Rate Based on next semesters signed leases. •
Walking distance to SUNY bus line providing direct campus access
Listing Contacts
Listed by SVN Innovative Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$28,452.00
$2,371.00/mo
Valuation Metrics
0
DSCR
9.52%
Cap Rate
9.52%
ROI
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