Chenango Place

48 Unit Apartment Building | For Sale | Binghamton, NY 13901

Property Type: Multifamily
Square Feet: 97,574 SF

Listing Contacts

Sean Slattery

Verified Profile

Ben Tapper

Verified Profile

Property Info

Property Overview

Lee & Associates is pleased to present for sale the student-housing asset located at 7-9 Court Street (aka Chenango Place). Redeveloped in 2014, Chenango Place boasts nearly 100,000 square feet of Class-A, off-campus housing, which services the SUNY Binghamton student population. The property is located in the core of downtown Binghamton, offering 176 beds to the most desirable submarket in the city. Ownership has strategically positioned the asset to deliver a premium living experience at a slight discount to top-of-market rents, resulting in consistent occupancy rates above 95%. The building consists of floor plans ranging from studios to six-bedrooms, top-tier amenity spaces, and high-quality apartment finishes. The property represents the opportunity to acquire a core asset at the most dynamic university in the SUNY system.

Property Details

Class: B
Year Built/Renovated: 1965/2014
Stories: 4
Lot Size (sq. ft): 24,394 SF
Units: 48

Highlights

Sprawling, unobstructed waterfront complex
176 Beds over 48 units featuring 6,000+ square feet of retail space
Amenities: cinema room, fitness center, computer lab, high-speed Internet, quality apartment finishes, lounge, full service leasing & management offic

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