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Property profile & analytics
FOR LEASE
Hotels
130 E Seneca St Ithaca, NY 14850
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-3468790
For Lease
1 / 2
$2,700,000
130 E Seneca St, Ithaca, NY 14850
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2005
Total area
185,997 SF
Lot
0.17 ac (7,524 SF)
Zoning code
CBD-140
APN
500700 61.-5-10
UPID
US63-3468790
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Lenroc Team - Morgan Stanley Financial Advisor
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Hilton Garden Inn Ithaca Hotel & Motel
-
Palisade Company, LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Jim Thomforde - Morgan Stanley Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.70M
Owner & transaction history
Hotel Syracuse LLC · 7 yrs held
Hotel Syracuse LLC
since 2019
3 recorded transactions
Zoning & alternative use
CBD-140 · Ithaca, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ithaca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ithaca submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$15 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$25,400,000
Assessed 2023
Previous assessed
$25,400,000
+0.0% YoY
Assessed land
$1,600,000
Assessed improvement
$23,800,000
Land market value
$1,600,000
Improvement market value
$23,800,000
Total market value
$25,400,000
Applied tax rate
500,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
For Lease
Year built
2005
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
9
Total area
185,997 SF
Lot
0.17 ac (7,524 SF)
Zoning code
CBD-140
APN
500700 61.-5-10
UPID
US63-3468790
Jurisdiction
TOMPKINS
Zoning & alternative use
CBD-140 · Ithaca, NY
Zoning CBD-140 · permitted uses
CBD-140 · Ithaca, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ithaca. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Cooling
Yes
Stories
9
Buildings
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Hotel Syracuse LLC
Entity
Mailing address
5360 GENESEE ST STE #201, BOWMANSVILLE, NY 14026-1044
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2019
$23,640,000
Hotel Syracuse LLC
Cascade Plaza LLC
Grant Deed
$6,288,292 · Acore Cap Mtg LP
Jun 24, 2019
—
Hotel Syracuse LLC
—
Deed
related
$22,000,000 · Acore Cap Mtg LP
—
—
Hotel Syracuse LLC
—
Loan Modification
related
$22,000,000 · Acore Cap Mtg LP
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
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