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Property profile & analytics

163 Washington St Binghamton, NY 13901-2758

  • Investment properties
  • 8,280 SF
  • 0.07 lot acres
OFF-MARKET
Value Estimation
$400,000
Location Intelligence
Property ID
US63-1909929
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • 3D Product Development / Corporate Office
  • Cheryl Anns Therapeutic Massage / Massage Therapist / Day Spa
  • Hair To Please You / Barber Shop / Hair Salon
  • Black Swan / Waxing Hair Removal Service / Hair Salon

Property Details for 163 Washington St

Year built
1965
Lot size
0.07 lot acres
Property size
8,280 SF
Property type
Investment properties
Property subtype
Live-work space
APN
030200 160.40-2-9
APU
302001604029

Description

This exceptional mixed-use property at 163 Washington Street in Binghamton, NY, presents a compelling investment opportunity. Boasting 8,250 square feet, the building features a ground-floor restaurant space currently available for lease at $4,000 per month (plus utilities and internal maintenance), offering immediate income potential. The restaurant area also includes two additional rooms and a full bathroom, suitable for office use. Upstairs, a luxurious 4-bedroom, 2-bathroom loft apartment generates consistent rental income, currently leased at $3,200 per month through May 2025 ($800 per room). The building benefits from a strong rental history, attracting both student and corporate tenants. Recent renovations include new flooring and paint throughout, ensuring a turnkey experience for the new owner. Conveniently located in the Washington Street Courtyard, the property offers easy access to public transportation and numerous local businesses. Two off-street parking spaces are included. Separate heating systems (new in 2018) for each floor and on-demand water heaters enhance efficiency. The asking price is $675,000, representing a compelling 5.20% cap rate with a current NOI of $35,100. This property is an ideal blend of income-generating assets and prime downtown location.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Binghamton
County
Broome
State
New York
Longitude
-75.9136
Latitude
42.0994
CBSA code
13780
CBSA name
BINGHAMTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$47,000
$103,000
$150,000
-
$74,603
$163,492
$238,095
More about this property
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