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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

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    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.
    (607) 621-0439
    Request Owner's contact information
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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
    257 Washington St Binghamton, NY 13901
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