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Front Street Portfolio 3 Multifamily Properties Offered at $2,999,000 in Binghamton, NY
Investment Highlights
- Well-maintained student housing portfolio consisting of 135, 141 and 151 Front Street in Binghamton, NY
- Large, spacious units with oversized bedrooms, well-suited for student housing demand
- Premium student housing location within walking distance of Downtown Binghamton
Executive Summary
135, 141 and 151 Front Street present an excellent opportunity to acquire a well-maintained student housing portfolio in a premium Binghamton location. Situated within walking distance of Downtown Binghamton, the Clinton Street Bridge, and the Court Street Bridge, the properties offer tenants convenient access to restaurants, entertainment, transportation, and nearby amenities.
The portfolio is well-suited for student housing, with large units, oversized bedrooms, and ample off-street parking. This combination is highly desirable in the downtown rental market, where walkability and parking are both important drivers of tenant demand.
These properties offer investors a stable, well-located student housing asset with strong market fundamentals, functional layouts, and a competitive position within the Binghamton student housing market.
NOI and CAP Rate quoted are Pro Forma.
The portfolio is well-suited for student housing, with large units, oversized bedrooms, and ample off-street parking. This combination is highly desirable in the downtown rental market, where walkability and parking are both important drivers of tenant demand.
These properties offer investors a stable, well-located student housing asset with strong market fundamentals, functional layouts, and a competitive position within the Binghamton student housing market.
NOI and CAP Rate quoted are Pro Forma.
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Pro Forma - 2026) |
Annual |
|---|---|
| Gross Rental Income |
$393,600
|
| Other Income |
$33,573
|
| Vacancy Loss |
$19,680
|
| Effective Gross Income |
$407,493
|
| Taxes |
$23,860
|
| Operating Expenses |
$97,746
|
| Total Expenses |
$121,606
|
| Net Operating Income |
$285,887
|
Taxes & Operating Expenses (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $393,600 |
| Other Income | |
|---|---|
| Annual | $33,573 |
| Vacancy Loss | |
|---|---|
| Annual | $19,680 |
| Effective Gross Income | |
|---|---|
| Annual | $407,493 |
| Taxes | |
|---|---|
| Annual | $23,860 |
| Operating Expenses | |
|---|---|
| Annual | $97,746 |
| Total Expenses | |
|---|---|
| Annual | $121,606 |
| Net Operating Income | |
|---|---|
| Annual | $285,887 |
Property Facts
| Price | $2,999,000 | Number of Properties | 3 |
| Price / SF | $155.03 / SF | Individually For Sale | 0 |
| Cap Rate | 9.53% | Total Building Size | 19,345 SF |
| Sale Type | Investment | Total Land Area | 0.98 AC |
| Status | Active |
| Price | $2,999,000 |
| Price / SF | $155.03 / SF |
| Cap Rate | 9.53% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 19,345 SF |
| Total Land Area | 0.98 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 151 Front St, Binghamton, NY 13905 | Multifamily | 6,981 SF | 1850 | - |
| 135 Front St, Binghamton, NY 13905 | Multifamily | 6,656 SF | 1900 | - |
| 141 Front St, Binghamton, NY 13905 | Multifamily | 5,708 SF | 1900 | - |
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Front Street Portfolio