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99 Oak St. 99 Oak St 24 Unit Apartment Building $3,942,946 CAD ($164,289 CAD/Unit) 8.64% Cap Rate Binghamton, NY 13905
Investment Highlights
- Approximately $890,960 in Capital Improvements
- Fully Renovated, Turnkey Student Housing Asset
- Walking Distance to Downtown Binghamton and the Court Street Bridge
Executive Summary
99 Oak Street offers the opportunity to acquire a fully renovated, 24-unit, 40-bed student housing asset that has undergone approximately $890,960 in capital improvements. The extensive renovation program has enhanced both the property's appeal and functionality, creating a turnkey investment with modernized interiors, upgraded common areas, and thoughtfully updated living spaces that appeal to today's student renters.
Large-scale student housing assets of this quality are rarely available in the Binghamton market. With 40 beds, significant recent investment, and an assumable non-recourse loan potentially available to qualified buyers, the property provides investors with an attractive combination of immediate income, operational scale, and long-term upside.
Large-scale student housing assets of this quality are rarely available in the Binghamton market. With 40 beds, significant recent investment, and an assumable non-recourse loan potentially available to qualified buyers, the property provides investors with an attractive combination of immediate income, operational scale, and long-term upside.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$340,624
|
$14.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $340,624 |
| Annual Per SF | $14.40 |
Property Facts
| Price | $3,942,946 CAD | Building Class | C |
| Price Per Unit | $164,289 CAD | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 23,654 SF |
| Cap Rate | 8.64% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 0.42/1,000 SF |
| Apartment Style | Hi-Rise | ||
| Zoning | Neighborhood Office - 99 Oak Street is located in Binghamton's established West Side student housing district, one of the city's most active rental markets. | ||
| Price | $3,942,946 CAD |
| Price Per Unit | $164,289 CAD |
| Sale Type | Investment |
| Cap Rate | 8.64% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 23,654 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 1970 |
| Parking Ratio | 0.42/1,000 SF |
| Zoning | Neighborhood Office - 99 Oak Street is located in Binghamton's established West Side student housing district, one of the city's most active rental markets. |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walking/Biking Trails
- Elevator
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 500 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 030200-160-039-0003-040-000-0000 | Improvements Assessment | $55,396 CAD |
| Land Assessment | $25,217 CAD | Total Assessment | $80,613 CAD |
Property Taxes
Parcel Number
030200-160-039-0003-040-000-0000
Land Assessment
$25,217 CAD
Improvements Assessment
$55,396 CAD
Total Assessment
$80,613 CAD
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