86 Oak Street

Binghamton, NY 13905

UNBEATABLE 12.3% PRO-FORMA CAP RATE: 7-Unit Building + 8th Unit Value-Add Upside Description: Priced at $699,990 for immediate sale, 86 Oak St is a high-yield asset in Binghamton’s premier student housing hub. Located on major bus lines near downtown, this location ensures high demand, bolstered by 51’ frontage and rare off-street parking—a major competitive advantage in this neighborhood. Investment Highlights: Pro-Forma 12.3% Cap Rate: Based on optimized operations and a Pro-Forma NOI of $85,997. 7 Units + 1 Bonus: Currently 7 functional units with a 1-bed basement unit awaiting renovation. Pro-forma financials include the projected income from this 8th unit. Legal R-3 Zoning: The "gold standard" for student housing compliance in Broome County. Financials (Pro-Forma): Net Operating Income (NOI): $85,997 Property is being sold as-is. This is a rare "math-house" play for an investor looking to anchor their portfolio in the Westside’s premier rental corridor.

Listing courtesy of David White of Owner Entry.com (617) 542-9300



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