159 Washington Street, 1L | BINGHAMTON
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. GBAR MLS #334138
Directions to property: Get in your car and drive to DT binghamton, look for main st, it will cross Washington, you will want to park at that point and head north on washington look for 159, thats the one
