327 Eddy St Ithaca, NY 14850
- Dormitories
- 53,636 SF
Current Use by Public Records
- Ithaca Wine & Spirits / Liquor Store / Wine Store
- Chatty Cathy Coffee and Juice Co. / Coffee Shop / Açaí Shop
- RIDGETOP Apartments in Collegetown / Furnished Apartment Building / Student Housing Center
Property Details for 327 Eddy St
- Property size
- 53,636 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional investment opportunity presents a portfolio of four student housing buildings totaling 50 units and 115 beds, situated in Ithaca, NY's vibrant Collegetown. Located steps from Cornell University, this portfolio offers a compelling mix of 46 apartments and four ground-level retail spaces. Built between 1970 and 2016, the buildings encompass 53,636 square feet across three tax parcels. The property boasts a strong price per unit of $420,000 and a price per square foot of $391.53. With Cornell University's substantial enrollment of over 26,000 undergraduate and graduate students (Fall 2023), this portfolio benefits from a consistently high demand for student housing. The strategic location within Collegetown ensures convenient access to campus, dining, and entertainment. This is a rare chance to acquire a well-established, high-yield student housing portfolio in a highly desirable college town setting. The asking price for this exceptional investment is $21,000,000. The property's address is 327 Eddy St, Ithaca, NY 14850.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.4872
- Latitude
- 42.4416
