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159 Washington Street #1L, Binghamton, NY 13901

Binghamton
Local realty services provided by:CENTURY 21 North East
159 Washington Street #1L,Binghamton, NY 13901
$3,350,000
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  • 28 Beds
  • 29 Baths
  • 24,960 sq. ft.
  • Multi-family
  • Active
Listed by: charles ackerman
Office: ackermanre llc.
MLS#:334138
Source:NY_GBAR

Price summary

  • Price:$3,350,000
  • Price per sq. ft.:$134.21

About this home

Marketed at a 9% cap and supported by special creative financing options, 159 Washington Street offers an exceptional opportunity to acquire a flagship mixed-use asset in the heart of Downtown Binghamton. The property features 26 renovated one- and two-bedroom apartments that blend modern finishes with preserved historic character. Many units offer in-unit washer/dryers, dishwashers, and open layouts. Vacancy is a non-issue, and current rents below market, providing clear value-add potential. The 1st floor is anchored by a popular vintage clothing store and a long-standing photography studio, with an additional vacant retail suite ready for lease. Rentable basement storage offers further income opportunities for tenants and neighboring businesses. Offering presents a rare chance to secure a stabilized, high-performing asset with clear pathways to enhanced cash flow and the potential for aggressive double-digit returns as Downtown Binghamton continues its upward trajectory.

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Home facts

  • Year built:1965
  • Listing ID #:334138
  • Added:108 day(s) ago
  • Updated:April 14, 2026 at 03:05 PM

Rooms and interior

  • Bedrooms:28
  • Total bathrooms:29
  • Full bathrooms:29
  • Flooring:Hardwood, Vinyl, Wood
  • Kitchen Description:Dishwasher, Microwave, Range, Range Hood, Refrigerator
  • Living area:24,960 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1965
  • Building area:24,960 sq. ft.
  • Lot Features:Level
  • Construction Materials:Brick
  • Foundation Description:Basement

Schools

  • Elementary school:MacArthur

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,350,000
  • Price per sq. ft.:$134.21
  • Tax amount:$29,394

Features and amenities

  • Appliances:Electric Water Heater, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
  • Laundry features:Dryer, Washer

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