Owner Considers Demolishing Downtown Binghamton Bank Building
The future of the historic First National Bank building on Court Street in Binghamton is in doubt.
Property owner Isaac Anzaroot is expressing frustration that the structure near the downtown roundabout is virtually empty. The city posted condemnation notices on the building more than two months ago after an inspection found safety issues.
Anzaroot on Tuesday said a problem related to the fire alarm system has been fixed. He said although the fire marshal's office apparently was satisfied by the action taken, issues remain with the city code enforcement office.
Anzaroot said he's contacted Gorick Construction for an estimate on how much it would cost to tear down the building.
The developer acquired the property for $775,000 in 2017. He said he's spent $2 million on the building since then.
Anzaroot acknowledged he owes nearly $60,000 in city and school taxes on the property. He said he'll pay the tax bill before it reaches the foreclosure stage.
Shortly after the condemnation order was issued, Anzaroot listed the property for sale. He said no one has expressed an interest.
Anzaroot said he doesn't know what he'll do with the building. He said he believes it has more potential as a residential rather than a commercial property.
Contact WNBF News reporter Bob Joseph: firstname.lastname@example.org or (607) 772-8400 extension 233.
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