257 Washington St - Apartments FOR SALE


Binghamton, NY 13901- Center City
$1,799,000 USD
607-621-0439
257 Washington St, Binghamton, NY for Sale
$1,799,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

257 Washington St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • 12,544 SF building. 20 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.

OVERVIEW

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. Location Description: 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.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

20

PRICE/UNIT

$89,950

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

CI

APN/PARCEL ID

030200-160-033-0001-007-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.