129 Linden Ave - Apartments FOR SALE


Ithaca, NY 14850- Collegetown
$2,650,000 USD
607-279-8055
129 Linden Ave, Ithaca, NY for Sale
$2,650,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

129 Linden Ave
Ithaca, NY 14850
Collegetown


HIGHLIGHTS

  • Collegetown Location

OVERVIEW

A truly rare assemblage of two contiguous properties in the heart of Cornell Universities Collegetown. Both properties are zoned CR-3 which allows for redevelopment up to 3 stories in height. Studio apartments in the area start around $2000, with per bedroom rent ranging from $1700-$1900 for larger units. The lot offers nearly 100 feet of frontage on Linden Ave with a depth nearly the same. Currently two large houses occupy the two lots. Ithaca, NY is one of the fastest growing and highly sought after real estate markets in New York. Ivy League college town real estate is some of the most sought after in the county. Known for stability and appreciation, this is one of the last remaining large parcels likely to be offered to the general public. Inquire today for complete offering materials.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$737 USD /SF

# OF UNITS

16

PRICE/UNIT

$165,625

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,178 SF

ZONING

-

APN/PARCEL ID

500700-067-000-0003-024-000-0000

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.