Investment Property
The Hive
132 Cherry Street, Ithaca, NY 14850 United States
Building Size
170,528 SF
Building Size
170,528 SF
OVERVIEW
Very rare opportunity to acquire shovel ready multi-family / mixed use development project in the vibrant college town of Ithaca, NY. Located in the Cherry St Waterfront District. Fully entitled multifamily housing project with plans & municipal approval. Additionally, two small retail spaces planned. Optimal unit mix consisting of 28 studios, 72 one bedrooms, 43 two bedrooms; 143 units 186 beds. Extremely strong rent growth and high occupancy rates & low vacancy rates annually within the marketplace. Extremely rare opportunity to acquire multi-family housing at scale, in a high barrier to entry, highly desirable, high demand marketplace.
Details
- Building Size:
- 170,528 SF
- Sale Price:
- Negotiable
AVAILABILITIES