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Perry Building 89 Court St

16,416 SF 41% Leased Office Building Binghamton, NY 13901 $915,000 ($56/SF)

Investment Highlights

  • Designed by renowned architect Isaac Perry, built in 1876.
  • Steel-framed structure, one of the few remaining in the United States.
  • Pre-approved plans for 9 residential units with 18 beds on upper floors.
  • Centrally located at the Chenango Street Roundabout in Downtown Binghamton.
  • High visibility with 8,110 daily traffic count and a walk score of 85.
  • Opportunity to purchase as part of a powerful investment package with 73 Court Street and 24 Centenary Street.

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
16,416 SF
Building Class
C
Year Built/Renovated
1876/1995
Price
$915,000
Price Per SF
$56
Percent Leased
41%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,104 SF
Building FAR
3.77
Lot Size
0.10 AC
Zoning
CBD - central business district

Amenities

  • Bus Line

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 4,000 SF
  • Office
  • Full Build-Out
  • Now

Floor 2 is fully built out and move-in ready for office use, featuring convenient elevator and stairwell access. This floor is thoughtfully divided into several private offices, each designed for optimal functionality. Additionally, Floor 2 boasts its own private restrooms, ensuring comfort and convenience for occupants.

  • 3rd Floor
  • 4,000 SF
  • Office
  • Full Build-Out
  • Now

Floor 3 is fully built out and move-in ready for office use, with convenient elevator and stairwell access. This floor features a spacious open reception area and a number of private offices, allowing for a more flexible layout. Each floor is equipped with private restrooms, ensuring convenience and comfort for all occupants.

  • 4th Floor
  • 4,000 SF
  • Office
  • Shell Space
  • Now

The 4th floor is a blank canvas, white-boxed and ready for you to transform. Bring your vision and creativity to design a space that perfectly suits your needs.

Space Size Space Use Condition Available
2nd Floor 4,000 SF Office Full Build-Out Now
3rd Floor 4,000 SF Office Full Build-Out Now
4th Floor 4,000 SF Office Shell Space Now

2nd Floor

Size
4,000 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
4,000 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Floor

Size
4,000 SF
Space Use
Office
Condition
Shell Space
Available
Now

2nd Floor

Size 4,000 SF
Space Use Office
Condition Full Build-Out
Available Now

Floor 2 is fully built out and move-in ready for office use, featuring convenient elevator and stairwell access. This floor is thoughtfully divided into several private offices, each designed for optimal functionality. Additionally, Floor 2 boasts its own private restrooms, ensuring comfort and convenience for occupants.

3rd Floor

Size 4,000 SF
Space Use Office
Condition Full Build-Out
Available Now

Floor 3 is fully built out and move-in ready for office use, with convenient elevator and stairwell access. This floor features a spacious open reception area and a number of private offices, allowing for a more flexible layout. Each floor is equipped with private restrooms, ensuring convenience and comfort for all occupants.

4th Floor

Size 4,000 SF
Space Use Office
Condition Shell Space
Available Now

The 4th floor is a blank canvas, white-boxed and ready for you to transform. Bring your vision and creativity to design a space that perfectly suits your needs.

Walk Score ®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
030200-160-041-0001-015-000-0000
Land Assessment
$70,500
Improvements Assessment
$238,500
Total Assessment
$309,000
  • Listing ID: 26365211

  • Date on Market: 8/9/2022

  • Last Updated:

  • Address: 89 Court St, Binghamton, NY 13901

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