Ithaca Multifamily Investment
For Sale
$12,000,000
Graduate Drive, Ithaca, NY 14850
199-unit multifamily property near Cornell University in Ithaca, NY.
Property Size1 SF
Days on Market160
Property Features for Graduate Drive
General Information
Standard status
Active
Size
1 SF
Property subtype
Multifamily
Building Details
Building Size
1 SF
Listing Agency:
(518) 379-0652
Listed By:
Steve Tomaso
Source:
Ireinvestment
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 12 at 4:20AM
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 Steve Tomaso
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 14850, NY
69,271
Population
31,772
Households
2.2
Avg Household Size
29
Median Age
72%
College-Educated
96%
High-School Grad
124.8 sq mi
ZIP Area
555
Density / Sq Mi
$69,689
Median Household Income
$36,115
Median Earnings
$1,446
Median Rent
$334,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
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.
