Building Details

Buildings 1

Units 13

Listing Agency: GREA

Listed By: Adam Sokolowski · License #10401388938

Source: Crexi

Added: Aug 10 Changed: Aug 20 Last Checked: Aug 20 at 3:53PM

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Investment Insights

Based on property information with market context.

This apartment building at 41 Prospect Terrace in Cortland, NY, contains 13 units with a total of 33 beds. The property is classified as an apartment building and falls within the broader multifamily and residential income property categories.

Key Highlights

• 13‑unit apartment building
• 33 beds across the property
• Located at 41 Prospect Terrace, Cortland, NY 13045

Property Analytics

Property Profile

Current Use

campus side apartments Student Housing Center

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Bakery Computer & Electronic Repair Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13

Residential units

Location Intelligence

Trade Area within ½ mile

947

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property configured with thirteen apartments and thirty-three beds in Cortland.

Where is this apartment building located?

The property is located at 41 Prospect Terrace Cortland, NY.

What is the asking price?

The asking price for this property is $1,725,000.

What are key features of this property?

This property features: 13‑unit apartment building; 33 beds across the property; Located at 41 Prospect Terrace, Cortland, NY 13045