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    263 Washington St Binghamton, NY 13901

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    For Sale
    $294,000

    8,877 SF mid-rise with plans for 26 units.

    Property size:
    8,877 SF

    Property Features for 263 Washington St

    General Information

    Size
    8,877 SF

    Building Details

    Year built
    1960

    Source: Scott Warren, CCIM Agent Scott Warren, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Binghamton Multifamily Investment Opportunity

    Located in the heart of Binghamton, NY, 263 Washington St presents an investment opportunity. This 8,877 SF mid-rise property, constructed in 1960, has plans for 26 units and is located in a prime commercial zone. Much of the framework has been completed and is ready for restoration. The building is ideally positioned in Downtown Binghamton, within walking distance of restaurants, bars and amenities. The property is located in the Binghamton MSA market, with proximity to Binghamton University and NYSEG Stadium. The location is ideal to benefit from the Downtown Binghamton Student Housing Market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    263 Washington Street Apartment Building

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Binghamton
    County
    Broome
    State
    New York
    Longitude
    -75.9124326
    Latitude
    42.1029705

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    FAQs

    What type of property is this?
    Apartment building - 8,877 SF mid-rise with plans for 26 units.
    Where is this apartment building located?
    The property is located at 263 Washington St Binghamton, NY.
    What is the asking price?
    The asking price for this property is $294,000.
    What are key features of this property?
    This property features: - Prime Downtown Binghamton location: Walk to restaurants, bars, amenities, and transportation.; - Significant value-add opportunity: Ready for renovation and restoration.; - Plans for 26 units: Ideal for multifamily investment and capitalizing on the student housing market.
    (607) 621-0439
    Request Owner's contact information
    263 Washington St Binghamton, NY 13901
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    Binghamton, NY 13901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    263 Washington St Binghamton, NY 13901
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