Map of Property

139 Chestnut St Listing Details & Market Data

139 Chestnut St, Ithaca, NY 14850

  • For Sale $5,500,000
  • Property Type Multi-Family
  • Property Size 58,320 SF
  • Units 60
  • Lot Size 6.62 Acre
  • Date Updated Apr 11, 2024

The property is a five (5) building, 60 unit apartment complex in the City of Ithaca. Currently operated as workforce housing in the supply constrained and highly attractive Ithaca market, this presents a prime opportunity to fully renovate interiors and increase rents up by over 60% to $1,600+ vs. ~$980 at present. Nearly all major common area and structural capital improvements are complete, and roofs are new as of 2019. As such, this asset presents a tremendous value add opportunity for the next investor, who can complete the necessary in-unit renovations to offer affordable and attractive apartments in a highly desirable suburban setting with easy access to educational, shopping, business, health-care and entertainment facilities.

 

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Contacts

broker

Jonathan Weinstein

Cushman & Wakefield | Pyramid Brokerage

(315) 445-8508

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (58)

  • Bike Score ®

    Somewhat Bikeable (43)
Powered by Walk Score ®
  • City Ithaca, NY
  • Neighborhood West Hill
  • Zip Code 14850
  • Market Buffalo

Points of Interest

  • Citgo

    0.25 miles

  • Ithaca Fastrac

    0.47 miles

  • Mirabito

    0.48 miles

  • Mobil

    0.52 miles

  • Citgo

    0.64 miles

  • Tops Express Gasoline

    0.80 miles

  • Tops Gas Station

    0.80 miles

  • Sunoco

    0.97 miles

  • Kwik Fill

    1.08 miles

  • Byrne Dairy

    1.13 miles

  • Cayuga Street Parking Garage

    1.02 miles

  • Green Street Parking Garage

    1.05 miles

  • Seneca Street Garage

    1.10 miles

  • Fall Creek access parking lot

    1.28 miles

  • Gun Hill Residence Parking

    1.41 miles

  • N Lot

    1.57 miles

  • Dryden Rd Garage

    1.60 miles

  • Y Lot

    1.60 miles

  • O Lot (Blue Section)

    1.63 miles

  • S Lot (Extension)

    1.64 miles

  • Mama Teresa's Pizzeria

    0.23 miles

  • Kelly's Dock-Side Cafe

    0.28 miles

  • Kelly's

    0.29 miles

  • The Boatyard Grill

    0.40 miles

  • Maxie's Supper Club & Oyster Bar

    0.43 miles

  • Joe's

    0.48 miles

  • Milkstand

    0.50 miles

  • Jade Garden

    0.51 miles

  • Tamarind

    0.51 miles

  • Dunkin'

    0.56 miles

  • Lehmann Alternative Community School

    0.11 miles

  • Immaculate Conception Parochial Roman Catholic School

    0.73 miles

  • Beverly J. Martin Elementary School

    0.80 miles

  • Greater Ithaca Activities Center (GIAC)

    0.80 miles

  • New Roots Charter School

    0.96 miles

  • Fall Creek School

    1.31 miles

  • South Hill School

    1.37 miles

  • Ithaca High School

    1.38 miles

  • Cascadilla School

    1.75 miles

  • Ithaca College

    1.86 miles

  • Downtown Ithaca Children's Center

    0.84 miles

  • Varna After School Program

    4.09 miles

  • Primitive Pursuits 4-H Acres

    5.50 miles

Contact Listing Broker

broker

Jonathan Weinstein

Cushman & Wakefield | Pyramid Brokerage

(315) 445-8508