257 Washington St - Apartments FOR SALE


Binghamton, NY 13901- Center City
$1,600,000 USD
607-621-0439
257 Washington St, Binghamton, NY for Sale
$1,600,000 USD
Apartments - FOR SALE
1/23
null | 7.78% Cap Rate

257 Washington St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • 12,544 SF building
  • 18 units for multifamily/mid-rise investment
  • Historic 1926 construction
  • Zoned CI for commercial and residential use

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

16

PRICE/UNIT

$100,000

CAP RATE

7.78%

% 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 Notice.