Front Street Portfolio

Vestal is a primary suburban market within the Greater Binghamton area, with a population of over 30,000 and a direct connection to the region’s core economic drivers. The presence of Binghamton University, along with major healthcare and employment centers, supports consistent housing demand and year-round tenant stability. Front Street serves as a key north-south corridor linking Vestal to Downtown Binghamton, with direct access to Route 17/I-86 and surrounding commercial districts. The area is supported by a mix of residential density, retail activity, and commuter traffic, reinforcing long-term occupancy and usability for both residential and commercial tenants. Limited new supply, stable income levels, and strong ties to the university and healthcare sectors position Vestal as a reliable, cash-flow driven market within the Southern Tier.Offered at a 10% cap rate, this three-building mixed-use portfolio presents an opportunity to acquire an income-producing asset above prevailing market returns. Comparable sales in the area average closer to the 8% range, positioning this offering with an immediate yield advantage and built-in downside protection. The portfolio consists of eight total units across residential and street-level commercial space, supported by consistent demand in the Vestal market. Additional income from on-site garages and diversified tenancy across multiple buildings contributes to stable performance. Current rents provide a clear path for growth, with in-place income below market levels and the ability to increase cash flow through lease adjustments over time.