NY
Broome
Binghamton
13901
159 Washington Street 1L
159 Washington Street 1L, Binghamton, NY 13901
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Listing Type
Condo/Townhome
Listing Status
Active
5
$3,350,000

Home Details for 159 Washington Street 1L

Price
$3,350,000
Type
Residential Income
Bedrooms
28
Bathrooms
Square feet
24960
Year built
1965
County
Broome
Garage
Days on site
57
MLS Listing#
334138
Property Description

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.

Property Features
  • Cooling Information
    • Central Air
  • Heating Information
    • Forced Air
  • Water Features
    • Public
  • Utilities
    • Cable Available
  • Parking
    • None
School Information
School Information for 159 Washington Street 1L, Binghamton, NY 13901
Elementary School
MacArthur
Middle School
N/A
High School
N/A
Listing Courtesy: ACKERMANRE LLC - 607-296-0758
Listing information provided in part by the Greater Binghamton Association of REALTORS®, Inc. MLS for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright ©2026 Greater Binghamton Association of REALTORS®, Inc. MLS. All rights reserved.
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Great Binghamton AOR.
EXIT REALTY FRONT AND CENTER
1155 Front Street, Binghamton, NY 13905
Kregg Smith
License #: BK3302418
License #: 10301223973
Associate Broker
Office
607 724 3948
Agent
607 235 6515
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