221 Washington St. and 60 Henry St. Portfolio

Both properties sit within central downtown Binghamton’s core rental district, positioned within walking distance of the SUNY bus line, retail corridors, restaurants, Government Plaza and entertainment destinations. This cluster lies close to the downtown campus of Binghamton University and major local employers, enabling direct access to transit and pedestrian demand drivers that underpin the area’s rental market fundamentals. Downtown Binghamton continues to attract reinvestment and maintain steady demand for multifamily rental housing.The portfolio at 221 Washington Street and 60 Henry Street consists of two multifamily properties in central downtown Binghamton offering a mix of large bedroom count apartments suited for student housing and group leasing. Together, the buildings provide a wide range of layouts, including multi bedroom units that support strong per unit income and consistent occupancy in a market driven by student demand and downtown employment. Both assets feature in unit kitchens, common laundry access and residential configurations that appeal to tenants seeking proximity to downtown services and Binghamton University. The combined unit mix offers scale benefits while maintaining operational flexibility, allowing an owner to capture varied rental preferences across the student and workforce segments. Leaseback: $6000