Active
257 Washington Street
Binghamton NY, 13901
$1,799,000
$272.08 per sqft
Active
24 Beds
6,612 sqft
Condos
Built in 1926
Introducing a prime investment opportunity at 257 Washington St, Binghamton, NY, 13901. This historic 1926 building boasts 12,544 SF of space, featuring 20 units tailored for modern living. Zoned CI and strategically positioned in the Binghamton MSA area, this property offers immense potential for a savvy Multifamily / Mid-Rise investor. With 11 units finished and leased, this is an excellent value-add opportunity.
This building has undergone significant high-end upgrades, including automatic locks on all doors, separate utilities, separate HVAC for all units, an elevator, a security system, and a fully sprinklered interior. Additionally, historical tax credits are available, offering valuable financial incentives for investors. The sale also includes all on-site equipment needed to complete the project. Don't miss out on this rare chance to invest in a property with such promising potential.
329888
MLSⓇ ID
February 6, 2025
Listed
February 22, 2025
Updated
Interior Features
Bedrooms
24
Interior Features
Cathedral Ceiling(s), Vaulted Ceiling(s)
Appliances
Gas Water Heater
Floor Description
Hardwood, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Basement
Yes
Exterior/Building Features
Lot Size
0.42 Acres
Lot Features
Level
Architectural Style
Multi-Family
Sewer
Public Sewer
School Information
School District
Binghamton
Elementary School
MacArthur
Other Property Details
Area Name
Area 03
Taxes
$68,470
Tax Frequency
Annually
Days on Market
15
Garage
No
Parking
Parking Space(s)
View
No
County
Broome
Municipality
Binghamton
Water Source
Public
Utilities
Cable Available
Zoning
Service Commercial
Listed by Scott Warren with INNOVATIVE COMMERCIAL ADVISORS
Listing Contact: 607-621-0439
The IDX display contains information sourced from the Greater Binghamton Association of REALTORS® as of 2/22/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2025 Greater Binghamton Association of REALTORS® all rights reserved.
Data last updated on 2/22/2025 at 12:28 AM UTC