129 Linden Ave
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129 Linden Ave
16 Unit Apartment Building $2,650,000 ($165,625/Unit) Ithaca, NY 14850
INVESTMENT HIGHLIGHTS
- Collegetown Location
EXECUTIVE SUMMARY
A truly rare assemblage of two contiguous properties in the heart of Cornell Universities Collegetown. Both
properties are zoned CR-3 which allows for redevelopment up to 3 stories in height. Studio apartments in the area
start around $2000, with per bedroom rent ranging from $1700-$1900 for larger units. The lot offers nearly 100
feet of frontage on Linden Ave with a depth nearly the same. Currently two large houses occupy the two lots.
Ithaca, NY is one of the fastest growing and highly sought after real estate markets in New York. Ivy League
college town real estate is some of the most sought after in the county. Known for stability and appreciation, this
is one of the last remaining large parcels likely to be offered to the general public. Inquire today for complete
offering materials.
properties are zoned CR-3 which allows for redevelopment up to 3 stories in height. Studio apartments in the area
start around $2000, with per bedroom rent ranging from $1700-$1900 for larger units. The lot offers nearly 100
feet of frontage on Linden Ave with a depth nearly the same. Currently two large houses occupy the two lots.
Ithaca, NY is one of the fastest growing and highly sought after real estate markets in New York. Ivy League
college town real estate is some of the most sought after in the county. Known for stability and appreciation, this
is one of the last remaining large parcels likely to be offered to the general public. Inquire today for complete
offering materials.
PROPERTY FACTS
| Price | $2,650,000 | Building Class | C |
| Price Per Unit | $165,625 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 3,594 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,650,000 |
| Price Per Unit | $165,625 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,594 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 1.67/1,000 SF |
UNIT AMENITIES
- Eat-in Kitchen
- Hardwood Floors
- High Speed Internet Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
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Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,100,000 | |
| Land Assessment | $130,000 | Total Assessment | $1,230,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$130,000
Improvements Assessment
$1,100,000
Total Assessment
$1,230,000
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129 Linden Ave
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