327 Eddy StIthaca, NY 14850

For Sale
$21,000,000

Prime Ithaca Student Housing, 50 Units

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • $21,000,000 asking price for a 50-unit multifamily student housing portfolio.
  • 53,636 square feet with 115 beds across four buildings.
  • $391.53 price per square foot and $420,000 price per unit.
  • Located in Ithaca, NY, steps from Cornell University.
  • Built between 1970 and 2016.

Property Details for 327 Eddy St

Property type
Multifamily properties, Dormitories
Square Feet
53,636 SF
Buildings
4
Units
50

Location Insight

City
Ithaca
County
Tompkins
State
New York
Latitude
42.4416436
Longitude
-76.487237
327 Eddy St, Ithaca, New York

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327 Eddy St
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