13-Unit Apartment
For Sale
Contact for pricing
211 TOMPKINS ST, Cortland, NY 13045
Built in 1994 and located minutes from SUNY Cortland, downtown Cortland, and Interstate 81.
Property Size12,500 SF
Lot Size0.66 Acres
Price / SF$143.60
Days on Market9
Property Features for 211 TOMPKINS ST
General Information
Standard status
Active
Size
12,500 SF
Class
B
Total Parking Spaces
20
Lot size
0.66 Acres
Property subtype
Multifamily
Zoning
05 - Commercial
Investment Type
Value Add
Net Operating Income
$126,749
Financials
Asking Price
$1,795,000
Cap Rate
7.06%
Gross Income
$180,300
Additional Details
Highway Access
Yes
Multifamily Units
13
Building Details
Year Built
1994
Buildings
1
Stories
2
Units
13
Tenancy
Multi
Listing Agency:
ElysiumX Team
Listed By:
Matt Mastrangelo · License #10991228639
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 10 at 8:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ElysiumX Team
Investment Insights
Based on property information with market context.
This 13-unit apartment building at 211 Tompkins Street contains 12,500 square feet on a 28,750-square-foot parcel. Constructed in 1994, the property is identified as 05 - Commercial zoning and represents a purpose-built multifamily asset in Cortland, New York.
The building is situated minutes from SUNY Cortland, downtown Cortland, and Interstate 81. The surrounding SUNY Cortland rental area serves approximately 6,600 students. Reported operating performance includes a 7.06% capitalization rate, providing a measurable financial metric for evaluation.
The building is situated minutes from SUNY Cortland, downtown Cortland, and Interstate 81. The surrounding SUNY Cortland rental area serves approximately 6,600 students. Reported operating performance includes a 7.06% capitalization rate, providing a measurable financial metric for evaluation.
Key Highlights
- 13 apartment units in a 12,500‑square‑foot building
- 28,750‑square‑foot parcel
- Built in 1994
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 13045, NY
28,406
Population
12,420
Households
2.3
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
107.9 sq mi
ZIP Area
263
Density / Sq Mi
$67,028
Median Household Income
$33,869
Median Earnings
$905
Median Rent
$162,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1994 and located minutes from SUNY Cortland, downtown Cortland, and Interstate 81.
Where is this apartment building located?
The property is located at 211 TOMPKINS ST Cortland, NY.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 13 apartment units in a 12,500‑square‑foot building; 28,750‑square‑foot parcel; Built in 1994
