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33288987
33288994

99 Oak St, Binghamton, NY 13905

SW
NY NY 10301220936, NY 10491212432
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors
$2,999,000
0 days on market
Updated 0 days ago

99 Oak St

Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 23,654
Units 24
Beds 40
Cap Rate 8.21%
NOI $246,206
Tenancy Multi
Price per SqFt $127
Year Built 1970
Buildings 1
Lot Size (SqFt) 10,826
Zoning neighborhood office
Investment Type Stabilized
Sale Condition For sale by owner

Multifamily | 8.21% CAP | 24 Units

Marketing description

99 Oak Street offers the opportunity to acquire a fully renovated, 24-unit, 40-bed student housing asset that has undergone approximately $890,960 in capital improvements. The extensive renovation program has enhanced both the property's appeal and functionality, creating a turnkey investment with modernized interiors, upgraded common areas, and thoughtfully updated living spaces that appeal to today's student renters. Large-scale student housing assets of this quality are rarely available in the Binghamton market. With 40 beds, significant recent investment, and an assumable non-recourse loan potentially available to qualified buyers, the property provides investors with an attractive combination of immediate income, operational scale, and long-term upside.

Investment highlights

  • 24 Units | 40 Beds
  • Approximately $890,960 in Capital Improvements
  • Fully Renovated, Turnkey Student Housing Asset
  • Modernized Interiors and Upgraded Common Areas
  • Assumable Non-Recourse Loan Potentially Available to Qualified Buyers
  • Walk Score of 80
  • Located Within Binghamton's Established Student Housing Market
  • Walking Distance to Downtown Binghamton and the Court Street Bridge

Listing Contacts

SW
NY NY 10301220936, NY 10491212432
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$246,206.00
$20,517.17/mo

Valuation Metrics

0
DSCR
8.21%
Cap Rate
8.21%
ROI

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Additional Information

Name
Scott Warren
License
NY 10301220936
Brokerage
Innovative Commercial Advisors
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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