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99 Oak

$3,250,000

99 Oak Street, Binghamton, NY 13905

Active
Last Updated: 03/25/2025

7.65

Cap Rate

23,654 sqft

Building Size

Details:
Cap Rate:    7.65%
Building Size:    23,654 sqft
Lot Area:    10,826 acres
Units:    24
Year Built:    1970
Zoning:    Neighborhood Office
Floors:    6
Description:

This fully renovated, turnkey student housing complex in the heart of Binghamton, NY is now available for sale. Perfectly positioned to leverage the robust student housing market, the property sits on Oak Street just south of Main Street, within walking distance of the Court Street Bridge and all of Downtown Binghamton’s top restaurants, clubs, shops, and amenities. With a walkability score of 80, it provides unbeatable access to everything students desire. The 24-unit, 40-bed complex has undergone extensive renovations totaling $890,960, showcasing beautiful high-end finishes and modern design throughout. A rare opportunity to invest in a property that stands out with its quality and appeal in an area with consistently high rental demand.


Located in the heart of Binghamton’s thriving student housing market, this property is perfectly positioned to benefit from high demand. Downtown Binghamton is the area’s premier student housing hub, home to approximately 1,300 student beds. Strategically situated on Oak Street, just south of the Main Street intersection, the building is within easy walking distance to Main Street, the Court Street Bridge, and Downtown’s best restaurants, shops, clubs, and amenities. With a walkability score of 80, this location offers exceptional access and convenience—right where students want to be.


Extensive Renovations: Over $890,000 invested in upgrades and modernizations
Spacious Layout: 24 units offering a total of 40 beds
Luxury Interiors: Featuring premium, high-end finishes throughout
Convenient Parking: Off-street parking available for tenants
Prime Location: Steps from the Court Street Bridge and the heart of Downtown Binghamton

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