MAJOR PRICE REDUCTION | ~17.4% PRO-FORMA CAP RATE | VALUE-ADD 7 UNIT + 8TH UNIT UPSIDE

86 Oak St

Priced to sell at $599,999, this property presents a high-upside multifamily opportunity in the core student housing corridor of Binghamton. Previously offered at a higher valuation, the asset has been repositioned for immediate sale.

Investment Highlights
~17.4% Pro-Forma Cap Rate
Based on projected NOI of $104,397 upon full stabilization
Multiple Upside Paths
Even without bringing the 8th unit online, projected NOI remains approximately $92,397, offering strong returns through operational improvements and market alignment over time
7 Units + 8th Unit Value-Add
Existing 7-unit configuration with additional 1-bedroom basement unit requiring full renovation prior to lease-up
Strong Rental Location
Positioned along major bus lines with easy access to downtown and key student demand drivers
Off-Street Parking + 51’ Frontage
Desirable amenity that enhances tenant appeal and retention
R-3 Zoning (Multifamily Compliant)
Supports current use and long-term investment stability