50 Front Street offers thoughtful, modern touches fused with the comforts of home. The open, spacious apartments offer breathtaking city and river views and boast exquisite finishes including quartz counter tops, stainless steel appliances, floor to-ceiling windows, and walk-in closets. Additional amenities at the property are an outdoor patio with fireplace and kitchen, a state-of-the-art fitness center, a resident lounge with billiards and a kitchen, an indoor fireplace, a coffee bar, bike storage and parking concierge services.
Completed in 2019, this new-construction asset has no real equivalent in the competitive set. The town benefits from the economies of Binghamton University and SUNY branches, as well as local healthcare and defense industry. The demographic base at the property ranges from empty nesters downsizing their homes, to doctors in residency, to graduate students.
These factors, coupled with the fact that 50 Front Street offers an option that didn’t exist in the market before, have enabled the property to continually achieve above-market rents. Further, all pipeline development projects are currently slated for student housing and there is low likelihood additional market rate developments of scale would be approved – securing the property’s place in the market for years to come.