116 Cook St - Apartments FOR SALE


Ithaca, NY 14850- Collegetown
$995,000 USD
607-279-8055
116 Cook St, Ithaca, NY for Sale
$995,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

116 Cook St
Ithaca, NY 14850
Collegetown


HIGHLIGHTS

  • Collegetown Location

OVERVIEW

Ivy League Collegetown property is highly regarded as some of the most stable, investment grade real estate in the country. Located in the heart of Cornell University’s Collegetown- This property features 10 bedrooms and can be rented in a variety of ways. Currently rented by the room, this property is prime for value add. Flexible CR-3 zoning allows for ground up redevelopment of up to 3 stories or implement a value add strategy to boost per bedroom rents to market rate. Fully renovated properties in the area can fetch $1100-$1400 per bedroom. Properties of this size, this close to Cornell in a prime Collegetown location rarely hit the open market.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$335 USD /SF

# OF UNITS

9

PRICE/UNIT

$110,556

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

500700-068-000-0005-015-000-0000

ASK ABOUT THIS PROPERTY

Richard PattersonHoward HannaMore Info
607-279-8055

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Richard PattersonHoward HannaMore Info
607-279-8055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.