The Perry Building

Highlights

• Solid Steel Building.
• Centerpiece of Downtown Binghamton.
• Heavy foot and Vehicle Traffic.
• Right at the Chenango St Roundabout.
• One of the most prestigious buildings in Binghamton.
• Pre Approved plans for 9 Units with 18 Beds on the top 3 floors.

Description

Available for sale is this iconic centerpiece of Downtown Binghamton, a unique and prestigious building designed by renowned architect Isaac Perry, who also built the State Capitol Building in Albany. Constructed in 1876, this steel frame structure—one of the few remaining in the United States—was featured in the 1991 movie Liebestraum and has housed various businesses over its 140+ year history.

Centrally located at the Chenango Street Roundabout in the heart of Historic Downtown Binghamton, this property enjoys an average daily traffic count of 8,110 and substantial foot traffic. It is within walking distance to key landmarks such as the Courthouse, County Office Building, Security Mutual, State Office Building, and City Hall, with an impressive walk score of 85.

The sale includes pre-approved development plans to convert the top three floors into housing, offering an exceptional opportunity for investors. With plans for 9 units and 18 beds, the building is positioned to generate strong rental income, especially given Downtown Binghamton’s popularity for student housing, with approximately 1,300 student beds nearby.

73 Court Street and 24 Centenary Street are also available to purchase as a package with 89 Court Street, creating a powerful portfolio investment opportunity. Owning all three properties offers significant advantages in terms of scale, management efficiency, and market influence within Downtown Binghamton’s growing rental market.

Located in the heart of Historic Downtown Binghamton, this prime spot at the Chenango Street Roundabout boasts an average daily traffic count of 8,110, alongside significant foot traffic. Just steps away from all of Downtown Binghamton's restaurants, shops, and amenities, this property is also within walking distance to key landmarks such as the Courthouse, County Office Building, Security Mutual, State Office Building, and City Hall. With an impressive walk score of 85, it offers unparalleled convenience. The sale includes pre-approved development plans to convert the top three floors into housing, making it an exceptional opportunity for investors.

Documents