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33961368
33961272

3 Locations

SW
NY 10301220936
SVN Innovative Commercial Advisors
JL
NY NY 10401302147
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors
$2,999,000
4 days on market
Updated 2 days ago

Front Street Portfolio

Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 19,345
Units 8
Cap Rate 9.53%
NOI $203,408
Tenancy Multi
Pro-Forma Cap Rate 9.53%
Pro-Forma NOI $285,889
Price per SqFt $155
Year Built 1900
Buildings 3
Lot Size (SqFt) 14,854
Zoning C-1
Parking Spaces 41 spaces
Parking Per SqFt 2.12
Investment Type Core

Multifamily | 41 Beds

Marketing description

135, 141 and 151 Front Street present an excellent opportunity to acquire a well-maintained student housing portfolio in a premium Binghamton location. Situated within walking distance of Downtown Binghamton, the Clinton Street Bridge, and the Court Street Bridge, the properties offer tenants convenient access to restaurants, entertainment, transportation, and nearby amenities.

The portfolio is well-suited for student housing, with large units, oversized bedrooms, and ample off-street parking. This combination is highly desirable in the downtown rental market, where walkability and parking are both important drivers of tenant demand.

These properties offer investors a stable, well-located student housing asset with strong market fundamentals, functional layouts, and a competitive position within the Binghamton student housing market.

Investment highlights

Well-maintained student housing portfolio consisting of 135, 141 and 151 Front Street in Binghamton, NY

Premium student housing location within walking distance of Downtown Binghamton

Convenient access to the Clinton Street Bridge and Court Street Bridge

Large, spacious units with oversized bedrooms, well-suited for student housing demand

Ample off-street parking, a significant competitive advantage in the downtown rental market

Strong tenant appeal due to the combination of walkability, parking, and unit size

Located near restaurants, entertainment, public transportation, and downtown amenities

Positioned in an established rental corridor with strong student housing fundamentals

Attractive opportunity to acquire scale in a well-located Binghamton student housing asset

Functional layouts and generous bedroom sizes support strong leasing potential

Offers investors a stable, well-positioned asset with long-term rental demand

Rare combination of downtown proximity and dedicated parking

Listing Contacts

SW
NY 10301220936
SVN Innovative Commercial Advisors
JL
NY NY 10401302147
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
$203,408.00
$16,950.67/mo

Valuation Metrics

0
DSCR
6.78%
Cap Rate
6.78%
ROI

Map

Zoning

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C-5 CommercialOfficeNeighborhood Office
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Scott Warren
License
10301220936
Brokerage
SVN Innovative Commercial Advisors
Name
JAMES LUCENTI
License
NY 10401302147
Brokerage
SVN Innovative Commercial Advisors
Title
CRE Advisor
Brokerage Address
520 Columbia Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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