159 Washington St 1L

Presenting a rare chance to own a fully redeveloped, historic mixed-use building in the vibrant core of downtown Binghamton. Formerly home to a local icon, this landmark property has been completely gut renovated and transformed into 27 high-end luxury apartments and 3 street-level commercial spaces—perfectly blending historical character with modern finishes. 27 beautifully finished luxury apartments, predominantly 1-bedroom layouts. Features include quartz countertops, stainless steel appliances, custom cabinetry, new flooring and modern light fixtures. 9–12 ft ceilings and thoughtfully designed layouts with full bathrooms including custom tile surround's and glass doors. A modern water source heat pump system for heating and cooling, consisting of 2 Lochinvar FTXL 98% efficient boilers servicing a main building loop, and heat domestic hot water, and a BAC cooling tower on the roof. This equipment provides a baseline tempured water source to the individually metered, York/Guardian water source heatpumps and airhandling units installed in each apartment—tenants control and pay their own usage. Free shared laundry machines in each hallway for added convenience, for the use of smaller apartments without in unit laundry. Ultra high speed fiber optic internet in each apartment with individual routers. Key fob and phone app access to all entry and apartment doors, can be modified remotely by maintenance or office staff. Three well-positioned commercial units with separate entrances and individual electric meters. Tenants include a photography studio, a vintage clothing boutique, and a bar currently under build-out. Each commercial space is equipped with its own electric heat pump HVAC system. Participating in a PILOT tax program, current property taxes are $25,000, gradually increasing to $45,000 over 8 years. One gas meter services landlord obligations; all other utilities are separately metered and tenant-responsible. Whether you're seeking a stable income-producing asset or long-term growth in a revitalized downtown district, 159 Washington Street offers the best of both. This turnkey property is a crown jewel in the Binghamton market.