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139 Murray St
Binghamton, NY 13905 Westside Binghamton

$849,000 USD

Apartments For Sale  •  8,134 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,134 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 12.42 %
  • Zoning Residential Multi-Unit Dw
30 Transit Score
60 Walk Score

Highlights

Value-add student housing opportunity with limited capital expenditure required
Recently renovated asset featuring updated units, new kitchens, and dedicated laundry room
Immediate upside through rental optimization rather than costly building renovations
Desirable unit mix consisting of six 3-bedroom units and three studio apartments, providing multiple rental income streams
Strong student housing fundamentals with walkability to the SUNY bus line, Downtown Binghamton, restaurants, shops, and amenities
Operationally efficient property with separately metered utilities, helping reduce owner expense exposure

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $105,462 USD (2027)
Cap Rate: 12.42 %
Total Expenses: $40,833 USD

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Laundry Facilities
  • Microwave
  • Picnic Area
  • Furnished Units Available
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Stainless Steel Appliances
  • Grill

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Scott Warren 607-621-0439 SVN | Innovative Commercial Advisors
Scott Warren 607-621-0439 SVN | Innovative Commercial Advisors