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Property profile & analytics
OFF-MARKET Estimated value $615,000
Investment properties

136 Washington St Binghamton, NY 13901-3196

5,100 SF 0.07 ac lot Built 1965
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US63-6277755
Property summary
AI-generated overview

This exceptional mixed-use property at 136 Washington Street in Binghamton, NY, presents a unique investment opportunity. Priced at $850,000, this building boasts prime street-level retail space perfectly situated in the heart of Downtown Binghamton's revitalized Washington Street. Its strategic location offers unparalleled access to SUNY bus lines and the area's vibrant amenities, including popular establishments like Strange Brew and Craft. The building's high walkability score of 88 contributes to its desirability. Above the retail space are well-maintained apartments, capitalizing on the strong demand for student housing. With approximately 1,300 student housing beds in the immediate vicinity, this property enjoys a consistently high occupancy rate within Binghamton's competitive student housing market. This turnkey operation offers immediate income potential and a strong return on investment. The property's location, coupled with its blend of retail and residential space, makes it an attractive proposition for both seasoned investors and those seeking a stable, high-yield asset. The building's condition is excellent, minimizing the need for immediate capital expenditures. This is a rare chance to acquire a thriving business in a rapidly developing area. The property's size is not specified in the provided information.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1965
Total area 5,100 SF
Lot 0.07 ac (3,162 SF)
APN 030200 160.41-4-9
UPID US63-6277755
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • De Island Hut Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$760k
Comparable Approach Comparable
$499k
Blend (final) Blend
$615k
Owner & transaction history
Building Washington LLC · 9 yrs held
Building Washington LLC
since 2017
Last sale
$730,000
2 recorded transactions
2017
$475,000
2005
$225,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $545,000 +31.2%
Auto repair, garage $415,000 +0.5%
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