5 Leroy St.

Investment Overview

Offered for sale is 5 Leroy Street, a 10-bed student housing asset located within Binghamton’s established student corridor. The property is positioned just one block from Front Street and within close proximity to Downtown Binghamton’s restaurants, retail, and entertainment amenities, a key driver of tenant demand in this submarket. The building is currently leased to a sorority, providing cohesive occupancy and simplified management compared to traditional by-the-bed leasing. Group occupancy of this nature often supports strong renewal probability and stable rent collections. Tenants are responsible for internet, electric, and gas. The property features a large floor plan with common living areas and bedroom density that aligns well with student group housing demand. The property also benefits from off-street parking, a meaningful competitive advantage in this location where parking availability is limited and highly valued by tenants. From a market perspective, the combination of walkability to downtown, proximity to transportation routes, and established student housing concentration supports durable demand and consistent leasing performance. 5 Leroy Street presents an opportunity to acquire a well-located student housing asset with stable occupancy, functional parking, and long-term positioning within one of Binghamton’s most proven rental areas.

Investment Highlights

• • 10-Bed Student Housing Investment
• • Group Lease Structure with Simplified Management
• • Tenants Responsible for Utilities
• • Off-Street Parking Advantage
• • Prime West Side Student Housing Location
• • Walkable to Campus Bus Routes and Downtown
• • Established Rental Corridor with Consistent Demand