The Perry Building

Investment Overview

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. The pre-approved development plans offer a new owner he flexibility of converting the top 3 floors into residential units or keep the building as an office building and lease it out.

Investment Highlights

• Designed by renowned architect Isaac Perry, built in 1876.
• Centrally located at the Chenango Street Roundabout in Downtown Binghamton.
• Steel-framed structure, one of the few remaining in the United States.
• High visibility with 8,110 daily traffic count and a walk score of 85.
• Pre-approved plans for 9 residential units with 18 beds on upper floors.
• Develop into housing or keep as an office building.