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48 Leroy Street Portfolio

$2,049,000

48 Leroy St, Binghamton, NY 13905

Active
Last Updated: 01/04/2023

13,067 sqft

Building Size

0.77 acres

Lot Area

Details:
Building Size:    13,067 sqft
Lot Area:    0.77 acres
Occupancy:    100%
Units:    50
Floors:    2
Highlights:
  • Excellent Binghamton West Side Student Housing.
  • 7 Buildings with 50 Beds.
  • High End Finishes.
  • Fully Leased through 5/23.
  • All buildings are in excellent strategic locations.
Description:

In one of the most desirable locations for the Binghamton Student Housing Market, Binghamton's west side. This is the sale of 7 Buildings with 50 Beds. These are fully leased until 5/23. These buildings have all been beautifully renovated with high end finishes and this offering represents a truly rare opportunity to own premium West Side Student properties. All locations are walking distance to the bus lines as well as to Binghamton's Restaurants, Shops, Amenities and Night Life.

This is the sale of 7 buildings all in desirable locations for Student Housing on the West Side of Binghamton. All locations are walking distance to the bus lines as well as to Binghamton's Restaurants, Shops, Amenities and Night Life.

Map:
Documents:
Title
Binghamton University Housing Report October 22.pdf
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Offering Memorandum
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Today's Available Mortgage Rates

1050 SW 7th St, Miami, Florida 33130

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/27/2025
Agency*Lender #591
5 Year Fixed
30 Year Amortization
Interest rate 5.92% 5 Year Fixed
Mo. Payment$6,063 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $10,000 Lender fees
Loan Amount $1,019,999 Loan Amount
Agency*Lender #591
7 Year Fixed
30 Year Amortization
Interest rate 5.93% 7 Year Fixed
Mo. Payment$6,070 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $10,000 Lender fees
Loan Amount $1,019,999 Loan Amount
Agency*Lender #591
10 Year Fixed
30 Year Amortization
Interest rate 6.01% 10 Year Fixed
Mo. Payment$6,122 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $10,000 Lender fees
Loan Amount $1,019,999 Loan Amount
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