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159 Washington Street #1L, 
Binghamton, NY 13901

$3,350,000


28

Beds


29

Baths


24,960

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Charles Ackerman

Ackermanre LLC.

607-296-0758

Last updated:

December 26, 2025, 08:45 PM

MLS#

334138

Source:

NY GBAR

About This Home

159 Washington Street #1L

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.

Home Facts

Multi-Family

29 Baths

28 Bedrooms

Built in 1965

Price Summary

3,350,000

$134 per Sq. Ft.

MLS #:

334138

Last Updated:

December 26, 2025, 08:45 PM

Added:

10 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

28

Bathrooms

Total Bathrooms:

29

Full Bathrooms:

29

Interior

Living Area:

24,960 Sq. Ft.


Structure

Structure

Building Area:

24,960 Sq. Ft.

Year Built:

1965


Finances & Disclosures

Finances

Price:

$3,350,000

Price per Sq. Ft:

$134 per Sq. Ft.

Source:NY GBAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.