607-275-5939
, Ithaca, NY for Sale
FOR SALE
1/18
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Student Housing Package/Portfolio Sale
Ithaca, NY


HIGHLIGHTS

  • Portfolio or Smaller Grouping Purchase Available
  • Tremendous Upside Potential
  • High Demand; Stable Market
  • (2) Building Lots and (6) Large Lots for Further Development
  • Pedestrian to Top-Rated Cornell University
  • Cornell University's Enrollment Exceeds 26,790 (Fall 2024)

OVERVIEW

COLLEGETOWN STUDENT HOUSING PORTFOLIO ADJACENT TO CORNELL UNIVERSITY A 349-bed portfolio comprised of well-maintained student housing properties leased for the 2024-25 SY and 2025-26 SY on 12-month leases. The properties showcase high-quality renovations and low cost of maintenance, and are situated on three adjoining streets with contiguous lots in Collegetown. The Portfolio presents several options for tremendous upside potential for new ownership. In addition, a strong management team would enhance the Portfolio efficiency, optimize operations, and maximize overall performance. Cornell University boasts a formidable enrollment exceeding 26,790 students. For the Fall 2024 first-year class alone, the University received over 65,600 applications, ultimately selecting 5,520 students. Benefiting from Cornell University's esteemed reputation, the student housing properties of this Portfolio consistently experience high demand, securing a stable market position year after year. Purchase scenarios exist for portfolio or smaller groupings of sites. Contact Agent for more details. - 27 Total Properties - 349 Total Beds - 82 Total Parking Spaces - All FF&E Included - Leased for 2024-25 SY and 2025-26 SY (12-Month Leases)

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607-275-5939

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607-275-5939

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