325-327 Eddy St | Ithaca, NY 14850
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- LoopNet Team
325-327 Eddy St
Ithaca, NY 14850
Cornell Student Housing Portfolio · Multifamily Property For Sale
·
50 Units
INVESTMENT HIGHLIGHTS
- Historically 100% occupied over Seller’s 34 years of ownership; 2019 Actual NOI = $1,231,673
- 4 neighboring buildings on 3 tax parcels, ranging from 3 to 8 floors
- 46 Residential Units can accommodate up to 122 students, plus 4 ground floor commercial/retail tenants
PROPERTY FACTS
| No. Units | 50 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 23,179 SF |
| Property Subtype | Apartment | No. Stories | 8 |
| Apartment Style | Mid-Rise | Year Built | 1975 |
| Building Class | B | ||
| Zoning | B-2B | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 23,179 SF |
| No. Stories | 8 |
| Year Built | 1975 |
| Zoning | B-2B |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
| 3+1 | 10 | - | - |
| 4+2 | 6 | - | - |
| 5+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 500700-063-000-0006-024-000-0000 | Improvements Assessment | $4,050,000 |
| Land Assessment | $750,000 | Total Assessment | $4,800,000 |
PROPERTY TAXES
Parcel Number
500700-063-000-0006-024-000-0000
Land Assessment
$750,000
Improvements Assessment
$4,050,000
Total Assessment
$4,800,000
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