20 Hawley Street, Binghamton, NY 13901

The Opportunity

  • Binghamton University is the fastest growing school in the State University of New York system with 16% enrollment growth since 2008. Fall 2017 enrollment total was 17,322 total students.
  • The university plans to grow enrollment to more than 22,700 by the year 2023; a 31% growth in enrollment.
  • On-campus housing can only accommodate 7,000 students leaving 10,300 (40%) of the student population in the off-campus housing market. 20 Hawley Street is one of only six assets (2,500 beds) in the market.
  • 20 Hawley Street was completely renovated in 2013, converting vacant office to highly amenitized student housing with full bed-to-bath parity.
  • 176 subterranean parking spaces are available to students that drive to the main campus.
  • Consistently strong occupancy based on proximity to main campus, adjacent to downtown campus, and walking distance from nightlife district.
  • 20 Hawley Street currently benefits from an in-place property tax abatement that lasts through 2022 and will transfer to new ownership.

The Property

20 Hawley Street is a modern 91-unit, 290-bed, high-rise student housing apartment community located in the city of Binghamton, New York within walking distance of the Binghamton University Downtown Center. The property was built in 1971 and renovated in 2013, and is comprised of one, nine-story, steel frame building with a glass façade and flat roof. In addition, there is a 176-parking space underground garage that provides direct elevator access to the building. The property is situated on 1.72 acres of land with a density of 52.90 units per acre.

20 Hawley Street encompasses several floor plans ranging from studios to six-bedroom / six-bathroom units. Studio units measure 295-335 square feet each, one-bedroom / one-bathroom units are 395 square feet each, two-bedroom / two-bathroom units total 700 square feet each, three-bedroom / three-bathroom units encompass 1,111 square feet each, four-bedroom / four-bathroom units cover 1,369 square feet each, five-bedroom / five-bathroom units span 1,798 square feet each, and six-bedroom / six-bathroom units are 1,998 square feet each.

property amenities

UNIT Amenities

  • Floor-to-Ceiling Windows with Iconic Views of Binghamton
  • Fully Furnished with Queen-Size Pillowtop Mattresses
  • Private Bedrooms and Private Bathrooms
  • Complimentary Utility Package
  • Individual Climate Control in Each Bedroom
  • Deluxe, Leather Furniture Package
  • LED Lighting with Dimmer Switches Included
  • Granite Countertops
  • Stainless Steel Appliances Including Glass Cooktops, Microwave, and Dishwasher
  • High-Speed Internet and Cable Included
  • Phone with Free Local Calling
  • Wood-Style Flooring

COMMUNITY Amenities

  • Virtual Fitness Center
  • Yoga Studio
  • Golf Simulator
  • 24-Hour Fitness Center
  • Game Room with Pool Table, Ping Pong Table, Xbox One, and PS4
  • On-Site Movie Theater
  • Multiple Study Lounges
  • iMac / PC Business Center with Free Printing
  • Resort-Style Hot Tub with Deck
  • Outdoor Lounge with Gas Grilling Stations
  • Wi-Fi Throughout Building
  • On-Site Restaurants
  • Complimentary Laundry Center with Laundry Alert App
  • Underground Parking

market area

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