99 Oak St.

$2,999,000

99 Oak Street, Binghamton, NY 13905

For Sale

Unknown Listing Type

Active

Last Updated: 07/08/2026

Details:

Cap Rate: 8.21%

NOI: $246,206.20

Building Size: 23,654 sqft

Lot Area: 10,826 acres

Units: 24

Zoning: Neighborhood Office

Offered by

Scott Warren

Broker and Managing Director

SVN Innovative Commercial Advisors

#10491212432

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Description:

99 Oak Street offers the opportunity to acquire a fully renovated, 24-unit, 40-bed student housing asset that has undergone approximately $890,960 in capital improvements. The extensive renovation program has enhanced both the property's appeal and functionality, creating a turnkey investment with modernized interiors, upgraded common areas, and thoughtfully updated living spaces that appeal to today's student renters.

Large-scale student housing assets of this quality are rarely available in the Binghamton market. With 40 beds, significant recent investment, and an assumable non-recourse loan potentially available to qualified buyers, the property provides investors with an attractive combination of immediate income, operational scale, and long-term upside.

99 Oak Street is located in Binghamton's established West Side student housing district, one of the city's most active rental markets. The property sits within walking distance of Downtown Binghamton and the Court Street Bridge, providing direct access to restaurants, coffee shops, entertainment venues, retail services, and public transportation. The location benefits from strong student demand driven by Binghamton University's growing enrollment and ongoing shortage of purpose-built student housing.

The surrounding neighborhood has become a preferred off-campus housing destination due to its walkability, accessibility, and proximity to both campus transportation routes and Downtown amenities. The property's Walk Score of approximately 80 further enhances its appeal to student tenants seeking a highly walkable lifestyle with limited reliance on vehicles.

24 Units | 40 Beds
Approximately $890,960 in Capital Improvements
Fully Renovated, Turnkey Student Housing Asset
Modernized Interiors and Upgraded Common Areas
Assumable Non-Recourse Loan Potentially Available to Qualified Buyers
Walk Score of 80
Located Within Binghamton's Established Student Housing Market
Walking Distance to Downtown Binghamton and the Court Street Bridge