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Strong Performing Student Housing 215 State St 4 Apartment Units Online Auction Sale Binghamton, NY 13901
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Prime downtown property positioned in Binghamton’s Central Business District, surrounded by restaurants, entertainment, and retail.
- Stable income & growth potential – proven occupancy, strong rental performance, and long-term appreciation via university and medical sector demand.
- Flexible zoning – R3 and commercial designations support continued student housing use or mixed-use redevelopment.
- Proximity to major drivers – steps from Binghamton University’s downtown campus, Government Plaza, and Mirabito Stadium.
- High walkability and transit access – located within walking distance of the SUNY bus line, public transportation, and key city amenities.
EXECUTIVE SUMMARY
215 State Street is strategically positioned in the heart of Downtown Binghamton. This asset represents a high-density cluster of student housing and mixed-use buildings located within one of Binghamton’s most active rental markets. The property benefits from proximity to Binghamton University’s downtown campus, Government Plaza, Mirabito Stadium, and the city’s growing retail and restaurant scene. The site is within walking distance of the SUNY bus line and public transportation, ensuring strong accessibility and sustained tenant demand. Zoned R3 or Commercial, the property provides operational flexibility for continued student housing use or mixed-use repositioning, with consistent occupancy, proven rent growth, and a central downtown footprint.
Situated in the heart of Downtown Binghamton, 215 State Street benefits from direct access to the city’s strongest demand drivers. The properties are surrounded by a vibrant mix of restaurants, entertainment venues, retail, and services that cater to both students and professionals. The location places residents within walking distance of Binghamton University’s downtown campus, SUNY Broome bus lines, Government Plaza, and major employers, including UHS and Lourdes Hospital.
Downtown Binghamton continues to undergo steady revitalization, driven by university expansion, private investment, and the ongoing redevelopment of historic buildings into modern housing and commercial spaces. With proximity to major roadways, including Route 434, Interstate 81, and Interstate 86, the area offers seamless regional connectivity while maintaining a true urban lifestyle. The Downtown Core remains one of the most walkable and in-demand neighborhoods in the city, ensuring long-term appeal for both residents and investors.
215 State Street offers investors a strong in-place income stream with long-term appreciation potential supported by Binghamton’s expanding university and medical sectors.
Situated in the heart of Downtown Binghamton, 215 State Street benefits from direct access to the city’s strongest demand drivers. The properties are surrounded by a vibrant mix of restaurants, entertainment venues, retail, and services that cater to both students and professionals. The location places residents within walking distance of Binghamton University’s downtown campus, SUNY Broome bus lines, Government Plaza, and major employers, including UHS and Lourdes Hospital.
Downtown Binghamton continues to undergo steady revitalization, driven by university expansion, private investment, and the ongoing redevelopment of historic buildings into modern housing and commercial spaces. With proximity to major roadways, including Route 434, Interstate 81, and Interstate 86, the area offers seamless regional connectivity while maintaining a true urban lifestyle. The Downtown Core remains one of the most walkable and in-demand neighborhoods in the city, ensuring long-term appeal for both residents and investors.
215 State Street offers investors a strong in-place income stream with long-term appreciation potential supported by Binghamton’s expanding university and medical sectors.
MATTERPORT 3D TOUR
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Leases
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| Sale Condition | Auction Sale | Lot Size | 0.05 AC |
| Type of Ownership | Fee Simple | Building Size | 6,968 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.72/1,000 SF |
| Apartment Style | Mid-Rise | Parcel Number | 030200-160-033-0001-026-000-0000 |
| Zoning | R3 | Commercial - Downtown Commercial and Residential | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,968 SF |
| No. Stories | 4 |
| Year Built | 1960 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | R3 | Commercial - Downtown Commercial and Residential |
| Parcel Number | 030200-160-033-0001-026-000-0000 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (78)
SALE ADVISOR
SALE ADVISOR
Scott Warren, CCIM, CRE Team Lic. RE Salesperson, Member NYSCAR
Scott has had a great career in sales and marketing. Scott began a financial services career in 1986. After several years as an agent, field manager, and district manager, he began as a regional sales director for Columbian Mutual Life Insurance Company. He started with the territory of upstate NY and eventually was in charge of the entire Northeast. He then, at a young age, moved into a Corporate Executive position and prior to leaving the company in 2005 was the Second Vice President of Agency Development, handling all home office management for three sales divisions and approximately 16,000 agents. Much of the growth of Columbian Life Insurance Company can be attributed to Scott’s sales and marketing efforts. Scott then began an independent marketing organization, Niche Market Insurers. With the help and much credit going to his two partners, Scott built an independent marketing organization from scratch to one with a nationwide footprint of 7,000 agents and over $5 million dollars a year in new annual premium. This gave Scott a very solid foundation for Investment analysis as well as in sales and marketing. Scott sold his share of the marketing organization to fully involve himself in the commercial real estate field. Starting his career with Pyramid Brokerage Company/Cushman and Wakefield in a very short time Scott made an immediate impact in the Binghamton Market. Scott has been involved in the sale of commercial buildings, a number of investment-based sales, redevelopment projects, and most notably the sale of the Grand Royal Hotel in Downtown Binghamton. Scott currently represents some of the area’s largest investors and developers. Scott has earned certificates through the CCIM Institute in foundations in commercial real estate, financial analysis, reliable valuations, 1031 exchange, and negotiations. Scott is also currently enrolled in and working towards a certificate in commercial real estate from the prestigious Cornell University’s SC Johnson School of business.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Kevin Loudy
Contact
Auctioneer License:
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Strong Performing Student Housing | 215 State St
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