41 Chenango Street

41 Chenango Street, Binghamton, NY 13901

  • For Sale Contact For Pricing
  • Property Type Multi-Family
  • Property Size 37,000 SF
  • Units 22
  • Lot Size 0.43 Acre
  • Parking Spaces Avail. 12
  • Property Tenancy Multi-Tenant
  • Year Built 1985
  • Year Renovated 2019
  • Date Updated Jun 18, 2025
Downtown BinghamtonLee & Associates NYC is pleased present for sale, the student-housing asset at 41 Chenango Street in Binghamton, New York. Redeveloped in 2019, the building measures over 37,000 square feet and is positioned near the core of Downtown Binghamton. Servicing the off-campus student population of SUNY Binghamton, the building delivers 79 beds across 20 units, 4,716 square feet of commercial space, and 5,994 square feet of common amenity space. The property offers tenants a discount to top-of- market rents, while providing a high-quality living experience that the wider market fails to deliver. The recent amenity upgrades include fitness space, a student lounge, private study rooms, as well as rare on-site parking. Additionally, the diverse unit-mix attracts both groups and individuals, widening the potential tenant base during each leasing cycle. Investors have an opportunity to operate a quality asset at an attractive basis, capitalize on upside in commercial leasing, and benefit from positive rent growth in the near-term.
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Highlights

  • 100% occupied for 2024-2025
  • 97% Pre-Leased
  • Competitive advantage in the market
  • Conversion and outsourcing of excess amenity space (potential fitness-use)
  • Exposed brick
  • Granite countertops
  • High ceilings
  • Little to no upcoming maintenance required
  • Opportunity to pass back electric to the remaining units, reducing expenses by an additional $27k
  • Projected 100% occupancy for upcoming school year
  • Recent roof sealing, fully renovated units
  • Solid wood flooring
  • Stainless steel appliances
  • Successfully passed back electric to 10 units for the current school year
  • Turnkey Asset
  • Unmated leasing velocity - excess demand
  • Upgrade amenities that exist to boost potential residential rent
  • Value-add opportunity

Contacts

broker
Sean Slattery

Lee & Associates - New York

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable

  • Bike Score ®

    71/100 Very Bikeable
Powered by Walk Score ®
  • City Binghamton, NY
  • Zip Code 13901

Points of Interest

  • Gulf

    0.52 miles

  • Speedway

    0.55 miles

  • Sunoco

    0.63 miles

  • Mirabito

    0.81 miles

  • Citgo

    1.21 miles

  • Tesla Supercharger

    3.18 miles

  • Lot UDC

    0.37 miles

  • Binghamton General Hospital Parking

    0.89 miles

  • UHS Summit Building Parking

    0.90 miles

  • UHS Parking

    1.03 miles

  • BAGSAI Parking

    2.23 miles

  • Lot HSC2

    2.34 miles

  • Lot HSC1

    2.45 miles

  • Lot J

    2.48 miles

  • The Grand Royale Hotel

    0.15 miles

  • DoubleTree

    0.19 miles

  • Holiday Inn Binghamton Downtown

    0.29 miles

  • Red Roof Inn Binghamton North

    1.69 miles

  • Econo Lodge

    1.75 miles

  • Fairfield Inn Marriott

    2.13 miles

  • Microtel Inn & Suites by Wyndham Binghamton

    2.19 miles

  • Residence Inn

    2.41 miles

  • Comfort Inn

    2.91 miles

  • Motel 6

    2.97 miles

  • Burger Mondays

    0.07 miles

  • Chris' Diner

    0.11 miles

  • Iron Agave

    0.14 miles

  • Courtside Bar and Grill

    0.15 miles

  • Little Venice Restaurant

    0.16 miles

  • Currys of India

    0.16 miles

  • D.P. Dough

    0.17 miles

  • Subway

    0.18 miles

  • Nirchi's Pizza

    0.18 miles

  • Binghamton Hots

    0.19 miles

  • Saint Mary's School

    0.32 miles

  • Binghamton University Downtown Center

    0.37 miles

  • Christopher Columbus Public School

    0.40 miles

  • Roberson Memorial Center

    0.46 miles

  • Saint Paul's Parochial School

    0.57 miles

  • Edison School

    0.61 miles

  • Saint Johns Parochial School

    0.61 miles

  • Daniel S Dickinson School

    0.80 miles

  • Seton Catholic Central High School

    0.91 miles

  • Chester B Lord School for Handicapped Children

    0.97 miles

  • Lourdes Childcare Center

    1.46 miles

  • ABC Child Care & Learning Center

    5.71 miles

  • Tutor Time

    6.68 miles

  • First Presbyerian Nursery School

    6.91 miles

Frequently Asked Questions

How much does 41 Chenango Street cost?

The sale price for 41 Chenango Street is available upon request. Contact the listing broker for more information.

What is the total square footage of 41 Chenango Street?

41 Chenango Street totals 37,000 square feet.

When was this property built?

41 Chenango Street was built in 1985.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Sean Slattery

Lee & Associates - New York

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