13-Unit Apartment
New
For Sale
$1,795,000
211 Tompkins Street, Cortland, NY 13045
Two-story multifamily property near SUNY Cortland, downtown Cortland, and Interstate 81.
Property Size12,500 SF
Lot Size0.66 Acres
Price / SF$143.60
Days on Market4
Property Features for 211 Tompkins Street
General Information
Standard status
Active
Size
12,500 SF
Total Parking Spaces
20
Lot size
0.66 Acres
Property subtype
Multi Family
Net Operating Income
$126,749
Financials
Asking Price
$1,795,000
Cap Rate
7.06%
Gross Income
$180,300
Additional Details
Multifamily Units
13
Building Details
Year Built
1994
Buildings
1
Stories
2
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Matt Mastrangelo · License #10401342068
(856) 506-2722
Source:
Nicholcityrealty
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 24 at 8:33AM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
This two-story apartment building contains 13 units within 12,500 square feet and was constructed in 1994. The improvements occupy a 28,750-square-foot city parcel, with 20 off-street parking spaces and 89 feet of frontage. Verified operating data supports a 7.06% capitalization rate.
The property is located at 211 Tompkins Street in Cortland, near SUNY Cortland, downtown Cortland, and Interstate 81. The surrounding rental base includes approximately 6,600 SUNY Cortland students, while downtown employers provide an additional source of local demand.
The property is located at 211 Tompkins Street in Cortland, near SUNY Cortland, downtown Cortland, and Interstate 81. The surrounding rental base includes approximately 6,600 SUNY Cortland students, while downtown employers provide an additional source of local demand.
Key Highlights
- 13 apartment units in one 12,500‑square‑foot building
- Constructed in 1994 with a two‑story configuration
- 7.06% capitalization rate based on verified operating data
Property Analytics
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Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
176
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property near SUNY Cortland, downtown Cortland, and Interstate 81.
Where is this apartment building located?
The property is located at 211 Tompkins Street 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 one 12,500‑square‑foot building; Constructed in 1994 with a two‑story configuration; 7.06% capitalization rate based on verified operating data
