111 Oak Street, Binghamton, NY 13905

111 Oak Street in Binghamton, NY, is a well-located brick 12-unit multifamily asset in one of the city’s strongest and most consistent student housing corridors. The property includes six 2-bedroom units and six 1-bedroom units and is within the approved R3 student housing district, allowing use as student rentals or long-term housing. Financials are based on a pro forma, as the building currently has a higher vacancy due to recent and ongoing renovations. Once stabilized, it is projected to operate at a 10% cap rate with a 1.49 DSCR and an estimated 14% year-one cash-on-cash return, offering attractive long-term performance. Additional upside exists through the installation of a coin-operated laundry in the basement. Located just one building off Main Street and a block from the Front Street Bridge, the property is within walking distance of the SUNY bus line and downtown’s restaurants, nightlife, and amenities — an ideal location for both student and workforce tenants.