159 Washington St #33, Binghamton, NY 13901

Located at 159 Washington Street in downtown Binghamton, this historically preserved 27-unit building is a prime investment. Featuring high-end one- and two-bedroom units, most with in-unit laundry, the property maintains a tenant waitlist. It includes 14 coveted parking spots and offers strong upside potential with currently undervalued rents. The ground floor hosts a popular vintage clothing store, with additional rental income from the basement and a leaseback on the first floor. Marketed at a 7.5% cap rate, the property benefits from a PILOT program, with taxes at $25,000, stepping up to $45,000 over eight years. The combination of modern finishes, historic charm, and prime location makes this a standout opportunity. With continued demand for quality downtown housing and retail, new ownership has the potential to capitalize on rising rents and long-term value appreciation. A turn-key investment in one of Binghamton’s most sought-after areas.