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1 Mather St
Binghamton, NY 13905 Westside Binghamton

$3,699,000 USD

Apartments For Sale • 54,000 SF

Property Details

Property Type Apartments
Total Building Size 54,000 SF
Lot Size 0.33 AC
Building Class C
Year Built 1970
Cap Rate 8.51 %
Zoning Service Commercial

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                51-Unit Student Housing Asset with Efficient Two-Bedroom Unit Mix
                            
                                8.51% In-Place Cap Rate | Approximately $314,000 NOI
                            
                                $72,353 Price Per Unit with Meaningful Scale for the Market
                            
                                Significant Recent Improvements Including New Roofs (Approximately $160,000)
                            
                                Zoned for 54 Units with Immediate Expansion Potential Under Existing Zoning
                            
                                Updated Interiors and Well-Maintained Buildings Supporting Stable Operations

Property Flyers

1 - 3 Mather St. Offering Memorandum_compressed

Cap Rate:

8.51 %

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Tenant Controlled HVAC
Heating
Smoke Free
Kitchen
Oven
Range
Tub/Shower
Smoke Detector

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes

Scott Warren 607-621-0439 SVN | Innovative Commercial Advisors

1 Mather St Binghamton, NY 13905 Westside Binghamton