Contacts
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.
Reach out to the broker for more info on lease terms and amenities
Getting around
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58/100
Walk Score ®
-
43/100
Bike Score ®
Location
- City Ithaca, NY
- Neighborhood West Hill
- Zip Code 14850
- Market Buffalo
Points of Interest
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Fastrac
0.47 miles
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Mobil
0.52 miles
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Citgo
0.64 miles
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Kwik Fill
1.07 miles
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Byrne Dairy & Deli
1.13 miles
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Sunoco
1.37 miles
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Mirabito
2.52 miles
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BJ’s Gas
3.41 miles
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ChargePoint
8.18 miles
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Cayuga Street Parking Garage
1.02 miles
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Green Street Parking Garage
1.08 miles
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Seneca Street Garage
1.10 miles
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Fall Creek access parking lot
1.28 miles
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Ithaca High School
1.39 miles
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Gun Hill Residence Parking
1.41 miles
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N Lot
1.57 miles
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Dryden Rd Garage
1.60 miles
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Y Lot
1.60 miles
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O Lot (Blue Section)
1.63 miles
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Super 8 Ithaca
0.60 miles
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Meadow Court Inn
0.72 miles
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Ithaca Gorge
0.84 miles
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The Hotel Ithaca
0.98 miles
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Hilton Garden Inn
1.06 miles
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Ithaca Marriott Downtown on the Commons
1.15 miles
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The William Henry Miller Inn
1.15 miles
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Hampton Inn Ithaca
1.18 miles
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Canopy by Hilton Ithaca Downtown
1.18 miles
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Quality Inn Ithaca - University Area
1.24 miles
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Ren's Mart
0.35 miles
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Greenstar Food Co+op @ Cascadilla
0.49 miles
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Wegmans
0.55 miles
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ALDI
0.78 miles
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TJ Maxx
0.95 miles
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Ithaca Shopping Plaza
0.98 miles
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GreenStar Food Co+op
0.98 miles
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Walmart Supercenter
0.99 miles
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Trader Joe's
1.00 miles
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Winli Oriental Market
1.39 miles
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.
Cushman & Wakefield | Pyramid Brokerage
