646-723-4011
7-9 Court St, Binghamton, NY for Sale
Apartments - FOR SALE
1/47
null | Request Cap Rate

7-9 Court St
Binghamton, NY 13901


HIGHLIGHTS

  • Sprawling, unobstructed waterfront complex
  • 176 Beds over 48 units featuring 6,000+ square feet of retail space
  • Amenities: cinema room, fitness center, computer lab, high-speed Internet, quality apartment finishes, lounge, full service leasing & management offic

OVERVIEW

Lee & Associates is pleased to present for sale the student-housing asset located at 7-9 Court Street (aka Chenango Place). Redeveloped in 2014, Chenango Place boasts nearly 100,000 square feet of Class-A, off-campus housing, which services the SUNY Binghamton student population. The property is located in the core of downtown Binghamton, offering 176 beds to the most desirable submarket in the city. Ownership has strategically positioned the asset to deliver a premium living experience at a slight discount to top-of-market rents, resulting in consistent occupancy rates above 95%. The building consists of floor plans ranging from studios to six-bedrooms, top-tier amenity spaces, and high-quality apartment finishes. The property represents the opportunity to acquire a core asset at the most dynamic university in the SUNY system.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

48

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chenango Place Student Living

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

N/A

APN/PARCEL ID

030200-160-040-0002-005-000-0000

ASK ABOUT THIS PROPERTY

Sean SlatteryLee & AssociatesMore Info
646-723-4011

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Sean SlatteryLee & AssociatesMore Info
646-723-4011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.