Map of Property

139 Chestnut St

For Sale

139 Chestnut St, Ithaca, NY 14850

This Ithaca property for sale is located at 139 Chestnut St. The current listed sale price for 139 Chestnut St is $5,500,000. 139 Chestnut St is situated on a lot that is 6.62 acre in size.

Contacts

broker

Jonathan Weinstein

Cushman & Wakefield | Pyramid Brokerage

Property Details

  • Property Type Multi-Family
  • Property Size 58,320 SF
  • Units 60
  • Lot Size 6.62 Acre
  • Additional Rent Contact for pricing
  • Date Updated Apr 11, 2024

The property is a five (5) building, 60 unit apartment complex in the City of Ithaca. Currently operated as workforce housing in the supply constrained and highly attractive Ithaca market, this presents a prime opportunity to fully renovate interiors and increase rents up by over 60% to $1,600+ vs. ~$980 at present. Nearly all major common area and structural capital improvements are complete, and roofs are new as of 2019. As such, this asset presents a tremendous value add opportunity for the next investor, who can complete the necessary in-unit renovations to offer affordable and attractive apartments in a highly desirable suburban setting with easy access to educational, shopping, business, health-care and entertainment facilities.

 

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Getting around

  • 58/100

    Walk Score ®

  • 43/100

    Bike Score ®

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Location

  • City Ithaca, NY
  • Neighborhood West Hill
  • Zip Code 14850
  • Market Buffalo

Points of Interest

  • Fastrac

    0.47 miles

  • Mobil

    0.52 miles

  • Citgo

    0.64 miles

  • Kwik Fill

    1.07 miles

  • Byrne Dairy & Deli

    1.13 miles

  • Sunoco

    1.37 miles

  • Mirabito

    2.52 miles

  • BJ’s Gas

    3.41 miles

  • ChargePoint

    8.18 miles

  • Cayuga Street Parking Garage

    1.02 miles

  • Green Street Parking Garage

    1.08 miles

  • Seneca Street Garage

    1.10 miles

  • Fall Creek access parking lot

    1.28 miles

  • Ithaca High School

    1.39 miles

  • Gun Hill Residence Parking

    1.41 miles

  • N Lot

    1.57 miles

  • Dryden Rd Garage

    1.60 miles

  • Y Lot

    1.60 miles

  • O Lot (Blue Section)

    1.63 miles

  • Super 8 Ithaca

    0.60 miles

  • Meadow Court Inn

    0.72 miles

  • Ithaca Gorge

    0.84 miles

  • The Hotel Ithaca

    0.98 miles

  • Hilton Garden Inn

    1.06 miles

  • Ithaca Marriott Downtown on the Commons

    1.15 miles

  • The William Henry Miller Inn

    1.15 miles

  • Hampton Inn Ithaca

    1.18 miles

  • Canopy by Hilton Ithaca Downtown

    1.18 miles

  • Quality Inn Ithaca - University Area

    1.24 miles

  • Ren's Mart

    0.35 miles

  • Greenstar Food Co+op @ Cascadilla

    0.49 miles

  • Wegmans

    0.55 miles

  • ALDI

    0.78 miles

  • TJ Maxx

    0.95 miles

  • Ithaca Shopping Plaza

    0.98 miles

  • GreenStar Food Co+op

    0.98 miles

  • Walmart Supercenter

    0.99 miles

  • Trader Joe's

    1.00 miles

  • Winli Oriental Market

    1.39 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jonathan Weinstein

Cushman & Wakefield | Pyramid Brokerage