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SPG West Side Portfolio 2 Multifamily Properties Offered at $9,120,176 CAD in Binghamton, NY
INVESTMENT HIGHLIGHTS
- 19 properties in Binghamton’s premier West Side student housing neighborhood.
- Walkable locations with SUNY bus line access and direct connection to Binghamton University
- Consistent occupancy, strong rental history, and long-term appreciation potential.
- Clustered assets across Seminary, Leroy, Walnut, Murray, Ayres, Florence, and St. John Streets for efficient operations.
- All properties located within R3 districts, supporting continued student housing use.
EXECUTIVE SUMMARY
The West Side Portfolio consists of 19 buildings strategically positioned in Binghamton’s most established off-campus housing neighborhood. Concentrated across Seminary, Leroy, Walnut, Murray, Ayres, Florence, and St. John Streets, these properties form a dense cluster that supports efficient management and stable occupancy.
All assets are located within R3 zoning districts, ensuring long-term use as student housing. The West Side has proven to be a durable rental market with strong tenant retention, fueled by Binghamton University’s enrollment of more than 18,000 students and limited on-campus housing capacity.
With a history of reliable occupancy, operational efficiencies, and upside potential through rent growth, the West Side Portfolio presents investors with an opportunity to secure scale in one of Binghamton’s most resilient student housing markets.
All assets are located within R3 zoning districts, ensuring long-term use as student housing. The West Side has proven to be a durable rental market with strong tenant retention, fueled by Binghamton University’s enrollment of more than 18,000 students and limited on-campus housing capacity.
With a history of reliable occupancy, operational efficiencies, and upside potential through rent growth, the West Side Portfolio presents investors with an opportunity to secure scale in one of Binghamton’s most resilient student housing markets.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $9,120,176 CAD | Number of Properties | 2 |
| Price / SF | $1,924 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9.75% | Total Building Size | 4,741 SF |
| Sale Type | Investment | Total Land Area | 0.20 AC |
| Status | Active |
| Price | $9,120,176 CAD |
| Price / SF | $1,924 CAD / SF |
| Cap Rate | 9.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 4,741 SF |
| Total Land Area | 0.20 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 39 Saint John Ave, Binghamton, NY 13905 | Multifamily | 2,643 SF | 1921 | - |
| 28 Seminary Ave, Binghamton, NY 13905 | Multifamily | 2,098 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 West Side Portfolio
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