257 Washington St

Binghamton, NY 13901

$1,799,000
Price
24
Beds
—
Baths
6,612 Sq. Ft.
$272 / Sq. Ft.
6,612
Sq. Ft.
$272
per Sq. Ft.

Description

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...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.
  1. Listed by Scott Warren • INNOVATIVE COMMERCIAL ADVISORS
  2. Listed by Angela M Martinez • INNOVATIVE COMMERCIAL ADVISORS

Property Details for 257 Washington Street

Architectural Style
MultiFamily
Zoning
Service Commercial
LISTING UPDATED: 02/21/2025 05:52 PM

Property Details for 257 Washington Street

StatusActive
MLS #329888
Days on Market125
Taxes$68,470 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1926
CountyBroome County

Location

Listing Courtesy of INNOVATIVE COMMERCIAL ADVISORS
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Building Information for 257 Washington Street

Building/Complex257 Washington StFloor-Stories-Residences-Pet Policy-Pet Policy Details-Year Built1926Building Size-

Payment Calculator

$15,132 per month

30 year fixed, 6.845% Interest

Principal and Interest

$9,426

Property Taxes

$5,706

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 257 Washington Street

Summary
Location and General Information
  • City: Binghamton
  • County Or Parish: Broome
  • Directions: E. Clinton to Washington
  • Postal City: Binghamton
  • Township: Binghamton
  • State Or Province: NY
  • MLS Area Major: Area 03
  • Postal Code: 13901
  • Zoning Description: Service Commercial
Taxes and HOA Information
  • Parcel Number: 030200-160-033-0001-007-000-0000
  • Tax Annual Amount: $68,470.00
  • Tax Assessed Value: $1,193,492.00
  • Tax Book Number: 160.33-1-7
School Information
  • Elementary School: MacArthur
  • Elementary School District: Binghamton
  • High School District: Binghamton
  • Middle Or Junior School District: Binghamton
Parking
  • Garage Spaces: .00
  • Garage: No
  • Parking Features: ParkingSpaces
Property
Lot Information
  • Above Grade Finished Area: 13224.0
  • Living Area: 6612.0
  • Lot Features: Level
  • Lot Size Area: 0.42
  • Lot Size Units: Acres
Property and Assessments
  • Sign On Property: Yes
  • Year Built: 1926
  • Property Sub Type: Apartment
  • Property SubType Additional: Apartment
  • Property Type: ResidentialIncome
  • Construction Materials: Brick
Utilities
  • Sewer: PublicSewer
  • Utilities: CableAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Basement
Interior Features
  • Appliances: GasWaterHeater
  • Basement: WalkOutAccess
  • Cooling: Yes
  • Cooling: CentralAir
  • Flooring: Hardwood, Tile
  • Heating: ForcedAir
  • Heating: Yes
  • Interior Features: CathedralCeilings, VaultedCeilings
  • Bedrooms Total: 24
Mobile Home
Mobile/Manufactured Home
  • Human Modified: Yes
Multi Family
Multi-Family Information
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 0
Income & Expenses Information
  • Fuel Expense: $.00
  • Insurance Expense: $5,400.00
  • Electric Expense: $3,600.00
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot

Property History for 257 Washington Street

DateEvent & SourcePriceAppreciation
Feb 6, 2025

Listed (Active)

Greater Binghamton Association of REALTORS #329888

$1,799,000—
DateEvent & SourcePrice
02/06/2025

Listed (Active)

Greater Binghamton Association of REALTORS #329888

$1,799,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 257 Washington Street

Taxable ValueLand$39,100Additions$712,800Total$751,900
Home Facts
Total Finished SqFt12,544 SqFtAbove Grade Finished SqFt12,544 SqFtUnfinished Basement SqFt6,727 SqFtStories2Lot Size18,295 SqFtStyleMulti-Family Res (5+ Units)Year Built2015ZoningCICountyBROOMEAPN030200 160.33-1-7

Schools near 257 Washington Street

This home is within Binghamton City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 6
Rating
School
Distance
Macarthur School
PublicPK to 5

East Middle School
Public6 to 8

Binghamton High School
Public9 to 12

St John The Evangelist School
PrivatePK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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257 Washington Street is a multi-family home for sale in Binghamton, NY 13901. This property was listed for sale on February 6, 2025 by INNOVATIVE COMMERCIAL ADVISORS, it's currently listed at $1,799,000. This listing's school district is Binghamton City School District. Nearby schools include Macarthur School, East Middle School and Binghamton High School. 257 Washington Street is a 24-bed, 0-bath, 6,612 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of INNOVATIVE COMMERCIAL ADVISORS

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.