Overview

Highlights

• -Sprawling, unobstructed waterfront complex
• -176 Beds over 48 units featuring 6,000+ square feet of retail space
• -Amenities: cinema room, fitness center, computer lab, high-speed Internet, quality apartment finishes, lounge, full service leasing & management offices
• Unit Mix
• Studios 3
• 2 Beds 4
• 3 Beds 11
• 4 Beds 22
• 5 Beds 4
• 6 Beds 4

Description

Lee & Associates is pleased to present for sale the student-housing asset located at 7-9 Court Street (aka Chenango Place). Redeveloped in 2014, Chenango Place boasts nearly 100,000 square feet of Class-A, off-campus housing, which services the SUNY Binghamton student population. The property is located in the core of downtown Binghamton, offering 176 beds to the most desirable submarket in the city. Ownership has strategically positioned the asset to deliver a premium living experience at a slight discount to top-of-market rents, resulting in consistent occupancy rates above 95%. The building consists of floor plans ranging from studios to six-bedrooms, top-tier amenity spaces, and high-quality apartment finishes. The property represents the opportunity to acquire a core asset at the most dynamic university in the SUNY system.

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