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16 Lisle Ave 15,496 SF Specialty Building Offered at $1,849,000 at a 9.90% Cap Rate in Binghamton, NY 13901
EXECUTIVE SUMMARY
This rare offering includes seven parcels encompassing three buildings with a combined 15,496 square feet, featuring 30 beds, 15 bathrooms, and six kitchens. The fully fenced complex provides privacy, security, and ample off-street parking—an ideal setup for student living. Strategically located directly behind the Koffman Southern Tier Incubator and just steps from the SUNY bus line, this property sits at the core of Binghamton’s expanding student housing market. A smart opportunity for investors seeking scale, stability, and long-term upside in a proven location.
PROPERTY FACTS
| Price | $1,849,000 | Building Class | C |
| Price Per SF | $119.32 | Lot Size | 0.83 AC |
| Sale Type | Investment | Building Size | 15,496 SF |
| Cap Rate | 9.90% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1930 |
| Property Subtype | Sorority/Fraternity House | ||
| Zoning | R-3 | ||
| Price | $1,849,000 |
| Price Per SF | $119.32 |
| Sale Type | Investment |
| Cap Rate | 9.90% |
| Property Type | Specialty |
| Property Subtype | Sorority/Fraternity House |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 15,496 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | R-3 |
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Walk Score®
Very Walkable (80)
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16 Lisle Ave
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