Berkadia Manufactured Housing is pleased to present Binghamton MSA Mobile Home Park in Vestal, NY.  This offering features 122 sites and is strategically positioned between the towns of Binghamton and Owego. Binghamton, home to Binghamton University, serves as a key regional hub with education, healthcare, and public-sector employment drivers, while nearby Owego and the Route 17/I 86 corridor support additional jobs in manufacturing, logistics, and services. Lockheed Martin maintains one of its primary mission systems and aerospace operations in Owego and most recently has been approved for a $51 million dollar expansion and renovation project, which will be projected to bring approximately 100 new full time manufacturing jobs to the site. This combination positions the community to capture both local demand and commuters seeking attainable housing within reach of larger job centers. 

In addition, the community is currently 79% occupied, providing a clear value-add opportunity through the infill of vacant homes and sites. This community also features public water and sewer utilities that are metered, which allows for lower managerial oversight. Lastly, current lot rents average $411 per month, with a 3% increase scheduled for this year. Even with this adjustment, these lot rents remain attractive relative to the market competition. This offering presents an attractive opportunity for a new owner to stabilize operations through the infill of sites, leverage the community’s prime location, and capitalize on operational efficiencies.