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257 Washington St Binghamton, NY 13901

For Sale
$1,600,000

18-unit building with income potential in downtown Binghamton.

Property size:
12,544 SF

Property Features for 257 Washington St

General Information

Size
12,544 SF

Building Details

Year built
1926

Source: Scott Warren, CCIM Agent Scott Warren, CCIM

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


Overview

Historic Multifamily Building in Binghamton

Located in downtown Binghamton, 257 Washington Street is a historic building constructed in 1926. The property has a total area of 12,544 square feet and contains 18 units, presenting an opportunity for multifamily or mid-rise investors. Zoned CI, the property is located within the Binghamton MSA. Eleven units are finished and leased, providing income, with additional upside through completing the remaining units. Upgrades include automatic locks, separate utilities and HVAC for each unit, a full sprinkler system, an elevator, and a modern security system. Historic tax credits are available. The property is near dining, shopping, and entertainment options, providing access to city life. Its central location ensures connectivity to major transportation routes.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

the club on washington binghamton Apartment Complex

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
-75.9125678
Latitude
42.102573

FAQs

What type of property is this?
Apartment building - 18-unit building with income potential in downtown Binghamton.
Where is this apartment building located?
The property is located at 257 Washington St Binghamton, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Income-producing property: 11 of 18 units are already leased, providing immediate income.; - Significant value-add potential: Opportunity to increase revenue by completing and leasing the remaining 7 units.; - Prime downtown location: Situated in the heart of downtown Binghamton, near dining, shopping, and entertainment.
More about this property
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