Log In/Sign up
Your email has been sent.
Lender-Owned | Resi/Retail Redevelopment 2 Retail Properties Online Auction Sale Binghamton, NY
Matterport 3D Tour
Investment Highlights
- Historical landmarks, the Stone Opera House, built in 1892, and the Strand Theater, built in 1920, offer plans for student housing redevelopment.
- Limited supply of high-quality student housing with consistent rent growth presents one of the largest planned redevelopment projects in Binghamton.
- Prime downtown location steps from Court Street, the city’s main commercial corridor with restaurants, bars, cafes, and retail.
- Located in Binghamton’s prime student housing market, serving SUNY Binghamton’s 18,000+ students with strong off-campus demand.
- New modern design and period characteristics enable the buildings to be repositioned into a differentiated housing product.
- Binghamton University welcomed approximately 18,600 students for the 2023 to 2024 academic year, a record-breaking number for new enrollment.
Executive Summary
Lee & Associates NYC is pleased to present for sale the redevelopment opportunity at 27–31 Chenango Street in Binghamton, New York. The offering consists of historic assets totaling approximately 73,100 square feet, strategically located near the core of Downtown Binghamton.
The opportunity has approved plans for 204 beds across 92 residential units, along with commercial space, positioning it as a premier future student-housing destination serving the growing SUNY Binghamton population. Once executed, the redevelopment will create a modern, amenitized housing experience in a market with limited high-quality supply.
Investors have the chance to reposition historic buildings into a high-demand student housing product, benefit from strong long-term fundamentals driven by Binghamton University’s enrollment growth, and capitalize on the project’s scale and location. The entitlement work is complete, enabling a streamlined path to construction and delivery.
This opportunity offers a rare combination of scale, in-place approvals, and central location, making it one of the most compelling student housing redevelopment offerings in Binghamton.
For more information on eligible historic tax credits, visit the Data Room.
The opportunity has approved plans for 204 beds across 92 residential units, along with commercial space, positioning it as a premier future student-housing destination serving the growing SUNY Binghamton population. Once executed, the redevelopment will create a modern, amenitized housing experience in a market with limited high-quality supply.
Investors have the chance to reposition historic buildings into a high-demand student housing product, benefit from strong long-term fundamentals driven by Binghamton University’s enrollment growth, and capitalize on the project’s scale and location. The entitlement work is complete, enabling a streamlined path to construction and delivery.
This opportunity offers a rare combination of scale, in-place approvals, and central location, making it one of the most compelling student housing redevelopment offerings in Binghamton.
For more information on eligible historic tax credits, visit the Data Room.
Matterport 3D Tour
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
- Investigations
Market Analytics Click Here to Access
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 2 |
| Type of Ownership | Fee Simple | Total Property Size | 73,100 sq ft |
| Sale Type | Investment | Total Land Area | 0.70 ac |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Property Size | 73,100 sq ft |
| Total Land Area | 0.70 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
Stone Opera House
31-33 Chenango St, Binghamton, NY 13901 |
Retail | 38,156 sq ft | 1892 |
|
Strand Theater
27 Chenango St, Binghamton, NY 13901 |
Retail | 34,944 sq ft | 1920 |
Sale Advisor
Sale Advisor
Sean Slattery, Director
Mr. Slattery joined Lee & Associates in 2018. Since joining the firm, Mr.
Slattery has transacted on a variety of asset classes including industrial,
office, multi-family, retail, development, net-lease, and student housing. In
his role as Director, Mr. Slattery is responsible for origination, production,
and analysis.
In addition to his civilian career, Mr. Slattery serves as a reserve officer the
US Navy. An 8-year member of the Strategic Sealift Officer Force, Sean has
served under NAVCENT, Military Sealift Command, and the US Maritime
Administration.
Mr. Slattery is currently pursuing a Master’s in Real Estate Finance degree
at Georgetown University.
Slattery has transacted on a variety of asset classes including industrial,
office, multi-family, retail, development, net-lease, and student housing. In
his role as Director, Mr. Slattery is responsible for origination, production,
and analysis.
In addition to his civilian career, Mr. Slattery serves as a reserve officer the
US Navy. An 8-year member of the Strategic Sealift Officer Force, Sean has
served under NAVCENT, Military Sealift Command, and the US Maritime
Administration.
Mr. Slattery is currently pursuing a Master’s in Real Estate Finance degree
at Georgetown University.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology driving commercial property deals online. With over $34 billion in total transactions, these auctions utilise best-in-class technology and real-time asset intelligence to give listings the best chance of reaching the ideal buyer. The accelerated auction timeline, thorough due diligence, and buyer qualification make transactions twice as fast and twice as reliable for agents, owners, and investors.
Read More
Auction Contact
Casey Harrell
Contact
Auctioneer License:
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
Presented by
Lender-Owned | Resi/Retail Redevelopment
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Lender-Owned | Resi/Retail Redevelopment
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.