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Graduate Drive Varna NY 14850 Ithaca, NY 14850

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For Sale
$12,000,000

199-unit multifamily property near Cornell University in Ithaca, NY.

Type:Multifamily
Added:
Mar 5, 2026
Days on Market:
30
Last Refresh:
Apr 1 at 8:58 pm

Property Features for Graduate Drive Varna NY 14850

General Information

Standard status
Active
Property subtype
Multifamily

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Listing Contact
Steve Tomaso

Listing agent Steve Tomaso

Listing office

Listing date Mar 5, 2026

Source Ireinvestment

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


Overview

Ithaca Multifamily Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Accounting Firm Hotel & Motel Daycare Center Storage Facility Garden Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Ithaca
County
Tompkins
State
New York
Longitude
-76.4442
Latitude
42.4521

FAQs

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 Varna NY 14850 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.
More about this property
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