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SPG Student Housing Portofolio 2 Multifamily Properties Offered at $44,754,747 CAD in Binghamton, NY
INVESTMENT HIGHLIGHTS
- 35 buildings totaling 121 units and 409 beds concentrated in Downtown Binghamton and the West Side, the city’s strongest student housing markets.
- Supported by Binghamton University’s 18,000 students and limited on-campus housing, ensuring consistent occupancy and rent stability.
- Supported by Binghamton University’s 18,000 students and limited on-campus housing, ensuring consistent occupancy and rent stability.
- Located in New York’s Southern Tier, where university growth, healthcare investment, and downtown redevelopment continue to drive investor activity.
EXECUTIVE SUMMARY
The offering includes 35 buildings with 121 units and 409 beds concentrated in Downtown Binghamton and the West Side, the city’s most established and highest-performing student housing markets. All properties are zoned R3 or Commercial and located within walking distance of the SUNY bus line, ensuring consistent demand and long-term operational stability.
In addition to the full portfolio, investors may also consider three targeted compositions: the West Side Portfolio, the Downtown Proximity Portfolio, and the Downtown Core Portfolio. Each provides a distinct scale and investment profile, allowing buyers to align acquisitions with their preferred balance of income and growth potential.
This portfolio represents institutional-scale housing within a proven and expanding university-driven market. Binghamton University’s enrollment exceeds 18,000 students, with fewer than 7,600 on-campus beds, driving sustained off-campus housing demand. The region continues to benefit from university expansion, healthcare sector growth, and ongoing downtown revitalization that is drawing renewed investor interest.
Professional management is in place at an efficient 5% fee, ensuring operational continuity and scalability. With steady rent growth, limited new supply, and increasing investment momentum, the portfolio offers durable cash flow and long-term appreciation potential in one of Upstate New York’s strongest emerging markets.
In addition to the full portfolio, investors may also consider three targeted compositions: the West Side Portfolio, the Downtown Proximity Portfolio, and the Downtown Core Portfolio. Each provides a distinct scale and investment profile, allowing buyers to align acquisitions with their preferred balance of income and growth potential.
This portfolio represents institutional-scale housing within a proven and expanding university-driven market. Binghamton University’s enrollment exceeds 18,000 students, with fewer than 7,600 on-campus beds, driving sustained off-campus housing demand. The region continues to benefit from university expansion, healthcare sector growth, and ongoing downtown revitalization that is drawing renewed investor interest.
Professional management is in place at an efficient 5% fee, ensuring operational continuity and scalability. With steady rent growth, limited new supply, and increasing investment momentum, the portfolio offers durable cash flow and long-term appreciation potential in one of Upstate New York’s strongest emerging markets.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $44,754,747 CAD | Number of Properties | 2 |
| Price / SF | $6,117 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.73% | Total Building Size | 7,317 SF |
| Sale Type | Investment | Total Land Area | 0.20 AC |
| Status | Active |
| Price | $44,754,747 CAD |
| Price / SF | $6,117 CAD / SF |
| Cap Rate | 7.73% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,317 SF |
| Total Land Area | 0.20 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 11 Walnut St, Binghamton, NY 13905 | Multifamily | 3,875 SF | 1921 | - |
| 101 Oak St, Binghamton, NY 13905 | Multifamily | 3,442 SF | 1890 | - |
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CONTACTS
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Scott Warren -
James Lucenti -
Chelsea Smith -
SVN | Innovative Commercial Advisors
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SPG Student Housing Portofolio
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