Student Housing | 162 Court St
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Student Housing 162 Court St
10 Unit Dormitory $3,625,000 ($362,500/Unit) 9% Cap Rate Binghamton, NY 13901
Investment Highlights
- Located in Downtown Binghamton, servicing Bingham University.
- Consistent demand from student groups looking for larger format units.
- 56 beds across 10 units with multiple unit sizes allowing for flexibility in renting to individual groups.
Executive Summary
Lee & Associates is pleased to present exclusively for sale the student housing asset located at 162 Court Street, Binghamton, NY 13901 (the “Property”). Located on the corner of Court Street and Carroll Street in the heart of Downtown Binghamton, the Property features 10 units consisting of 56 total beds. With recent capital programs completed in the building coupled with a 19% increase in undergraduate applications in 2023, the Property is poised to see outsized returns in a flourishing student rental market that continues to grow year-over-year. The Property will provide an investor with consistency and growth through residential cashflow with the opportunity to add value by leasing the approximately 2,700 feet of retail, or converting the space to self-storage.
Located in Downtown Binghamton, servicing Binghamton University, New York’s #1 Value Public University named by U.S. News & World Report
56 beds across 10 units with multiple unit sizes allows for flexibility in renting to individuals or groups
Consistent demand from student groups look
Located in Downtown Binghamton, servicing Binghamton University, New York’s #1 Value Public University named by U.S. News & World Report
56 beds across 10 units with multiple unit sizes allows for flexibility in renting to individuals or groups
Consistent demand from student groups look
Property Facts
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 030200-160-042-0001-013-000-0000 | Improvements Assessment | $208,400 |
| Land Assessment | $77,500 | Total Assessment | $285,900 |
PROPERTY TAXES
Parcel Number
030200-160-042-0001-013-000-0000
Land Assessment
$77,500
Improvements Assessment
$208,400
Total Assessment
$285,900
zoning
| Zoning Code | C1 (Commercial) |
| C1 (Commercial) |
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Sean Slattery -
Ben Tapper -
George Steffani -
Lee & Associates
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Student Housing | 162 Court St
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