41 Chenango Street

For Sale

41 Chenango Street, Binghamton, NY 13901

This Binghamton property for sale is located at 41 Chenango Street. Contact the listing broker for details on the current sale price for 41 Chenango Street. 41 Chenango Street is situated on a lot that is 0.43 acre in size.

Contacts

broker
Sean Slattery

Lee & Associates - New York

Property Details

  • 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

Getting around

  • 86/100

    Walk Score ®

  • 71/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Boscov's

    0.21 miles

  • Plaza 5

    0.74 miles

  • A-1 Grocery & Halal Meat

    0.93 miles

  • Weis

    1.01 miles

  • Big Lots

    1.31 miles

  • Price Chopper

    1.41 miles

  • Walmart Supercenter

    2.13 miles

  • Walmart

    2.21 miles

  • NOOR Halal Food & More

    2.35 miles

  • Dollar Depot

    2.57 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Sean Slattery

Lee & Associates - New York

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