394 E 8th Street
394 East 8th Street, New York, NY, 10009, US
38 unités
Descriptif
JLL is pleased to present Villas at Chestnut Ridge, the premier student housing community serving University at Buffalo — New York's flagship public university with 31,562 students. The Property is 98%+ preleased for AY 26/27 and has maintained 97%+ average occupancy over the last five years, creating immediate cash flow stability. UB is investing heavily in transformative infrastructure including new engineering and AI buildings on its North campus, strengthening its competitive position and enrollment outlook. A new owner can capitalize on this proven operating performance and implement a light value-add strategy to unlock $2.1M+ in additional annual revenue.
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Attributs
Nombre d'unités
197
Occupation
97 %
Superficie du bâtiment nette
20 939 mètres carrés
Média
Points forts de l'investissement
- Record First-Year Class – 20% YoY increase in freshman enrollment in Fall 2025 (5,186 freshman)
- Upside Opportunities – Value-add premiums could unlock $2.1M of additional revenue per year
- Historic $1.64 Billion Campus Transformation – Planned improvements include a new AI building, engineering building, and STEM facilities
- Highly Affordable Tuition – Tuition is less than 5% of average household income, and the Property’s rent-to-income ratio is sub-7%
- Fully Preleased with +23% Velocity YoY – The property reached 95% prelease occupancy by April, which was 4 months ahead of last year
- 97%+ 5-Year Average Occupancy – Stable operating history and reputation
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Villas at Chestnut Ridge (0 Propriétés)
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Dernière mise à jour
Jul 8, 2026
