NY
Broome
Binghamton
13905
111 Oak Street
111 Oak Street, Binghamton, NY 13905
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Listing Type
Condo/Townhome
Listing Status
Active
24
$900,000

Home Details for 111 Oak Street

Price
$900,000
Type
Residential Income
Bedrooms
18
Square feet
8640
Year built
1965
County
Broome
MLS Listing#
336751
Property Description

111 Oak Street – a fully renovated brick 12-unit multifamily asset in one of Binghamton's strongest student housing corridors. Six 2BR and six 1BR units, zoned R3 for student or long-term rentals. All units renovated; right wing completely remodeled, with main beams in the basement replaced and a new fire escape installed out back. Photos coming soon. Currently fully vacant except one tenant, offering full lease-up control at market rents from day one. Pro forma projects NOI of $83,834 at a 9.31% cap rate with a 32% year-one cash-on-cash return; rent assumptions are conservative. Just off Main Street, a block from the Front Street Bridge, walkable to the SUNY bus line and downtown restaurants, nightlife, and amenities — ideal for student and workforce tenants.

Property Features
  • Cooling Information
    • Wall/Window Unit(s)
  • Heating Information
    • Baseboard
  • Water Features
    • Public
  • Utilities
    • Cable Available
  • Parking
    • None
School Information
School Information for 111 Oak Street, Binghamton, NY 13905
Elementary School
Horace Mann
Middle School
N/A
High School
N/A
Listing Courtesy: INNOVATIVE COMMERCIAL ADVISORS - 607-203-1826
Listing information provided in part by the Greater Binghamton Association of REALTORS®, Inc. MLS for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright ©2026 Greater Binghamton Association of REALTORS®, Inc. MLS. All rights reserved.
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Median Days on Site
Median Square Feet
Market statistics compiled from data from Great Binghamton AOR.
EXIT REALTY FRONT AND CENTER
1155 Front Street, Binghamton, NY 13905
Kregg Smith
License #: BK3302418
License #: 10301223973
Associate Broker
Office
607 724 3948
Agent
607 235 6515
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