257 Washington st
$1,600,000
257 Washington St, Binghamton, NY 13901
12,544 sqft
Building Size
0.42 acres
Lot Area
Details:
Highlights:
- 12,544 SF building
- 18 units for multifamily/mid-rise investment
- Historic 1926 construction
- Zoned CI for commercial and residential use
- Located in Binghamton MSA area
- Significant value add opportunity
- Many high end finishes
Description:
257 Washington Street is a historic 1926 building in Downtown Binghamton offering 12,544 SF across 18 units. Zoned CI, it is strategically located within the Binghamton MSA and presents a strong opportunity for multifamily or mid-rise investors. Eleven units are already finished and leased, providing income stability with additional upside through completing the remaining units.
Extensive 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 also available, creating valuable financial incentives. With its prime location, strong tenant base, and remaining value-add potential, this asset is well positioned for long-term growth.
257 Washington Street is situated in the heart of downtown Binghamton and conveniently located near various dining, shopping, and entertainment options, providing easy access to the vibrant city life. This is an ideal location to benefit from the Downtown Binghamton Student Housing Market. Its central location ensures excellent connectivity to major transportation routes, making it an ideal choice for those seeking both convenience and accessibility in Binghamton.
Documents:
| Title | ||
|---|---|---|
| Appraisal The Club on Washington_25-12002-900085-001 (2).pdf | ||
| 257 Washington Street Scanned Plans (1) (1).pdf | ||
| BOV__P_.pdf | ||
| BOV__P_.pdf |
Location
Gallery
