210 Delaware Avenue Ithaca, NY 14850
Seven-apartment building totaling 19 bedrooms, with recent window replacements and porch repairs.
- Added:
- Jul 7, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 9 at 3:08 am
Property Features for 210 Delaware Avenue
General Information
- Standard status
- Active
- Size
- 8,018 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing office Berkshire Hathaway HomeServices CNY Realty Fayetteville
Listing date Jul 7, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices CNY Realty Fayetteville
Investment Insights
Based on property information with market context.
Located at 210 Delaware Avenue in Ithaca, the building sits just above the heart of Collegetown, with convenient access to Cornell University, restaurants, and amenities. The property’s setting is described as avoiding much of the area’s busiest foot traffic. Additional context provided: Dryden Rd to Bryant Ave to Delaware Ave.
Key Highlights
- Seven‑unit rental property built in 1900 with 19 total bedrooms across all apartments
- Unit mix includes four 3‑bedroom units, one 4‑bedroom unit with 2 baths, one 2‑bedroom unit, and one 1‑bedroom unit
- Recent improvements include new windows throughout most of the building (excluding the original stained‑glass windows)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $186.7k | $23.28 |
| − Vacancy | −$7.8k | −$0.98 |
| EGI | $178.8k | $22.30 |
| − OpEx | −$80.5k | −$10.04 |
| NOI | $98.4k | $12.27 |
