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Chenango Place Student Living 7-9 Court St

48 Unit Apartment Building For Sale Binghamton, NY 13901

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type Investment
No. Units 48
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.79 AC
Building Size 97,574 SF
No. Stories 4
Year Built/Renovated 1965/2014

Unit Amenities

  • Dishwasher
  • Washer/Dryer
  • Heating
  • Kitchen
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Business Center
  • Fitness Center
  • Laundry Facilities
  • Picnic Area
  • Waterfront
  • Gameroom
  • Media Center/Movie Theatre
  • On-Site Retail
  • Wi-Fi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 3 - 1
2+0 4 - 1
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 030200-160-040-0002-005-000-0000
  • 030200-160-040-0002-007-000-0000
Land Assessment
$160,600
Improvements Assessment
$4,745,000
Total Assessment
$4,905,600

zoning

Zoning Code N/A (Mixed-Use Downtown Row)
N/A (Mixed-Use Downtown Row)
  • Listing ID: 29340893

  • Date on Market: 8/22/2023

  • Last Updated:

  • Address: 7-9 Court St, Binghamton, NY 13901

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