Graduate Drive Ithaca, NY 14850

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Listed by Steve Tomaso

Source Ireinvestment

Added: Mar 5 Updated: Jul 10 at 12:58PM Checked: Jul 21 at 8:15AM

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Investment Insights

Based on property information with market context.

This 199-unit multifamily property presents an institutional-grade investment opportunity. The property features all public utilities and offers a stable, low-maintenance income stream with the majority of tenant-owned homes, reducing operational complexity. Located approximately one and a half miles from Cornell University, the property benefits from its proximity to the Ivy League institution, ensuring strong and consistent demand for housing from students, faculty, and university staff. The surrounding neighborhood in Ithaca, NY, is vibrant, offering a mix of academic, cultural, and recreational amenities, along with dining, shopping, and public transportation options. This location supports high occupancy rates and long-term investment stability.

Key Highlights

• Institutional grade investment opportunity with 199 units.
• Located 1.5 miles from Cornell University, ensuring strong and consistent demand for housing.
• Majority Tenant Owned Homes, reducing operational complexity and maintenance.

Property Analytics

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FAQs

What type of property is this?

Apartment building - 199-unit multifamily property near Cornell University in Ithaca, NY.

Where is this apartment building located?

The property is located at Graduate Drive Ithaca, NY.

What is the asking price?

The asking price for this property is $12,000,000.

What are key features of this property?

This property features: Institutional grade investment opportunity with 199 units.; Located 1.5 miles from Cornell University, ensuring strong and consistent demand for housing.; Majority Tenant Owned Homes, reducing operational complexity and maintenance.