86 Oak Street

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