Map of Property

139 Chestnut St

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
  • Additional Rent Contact for pricing
  • 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 Is this you?

Cushman & Wakefield | Pyramid Brokerage

Location

Getting Around

  • Walk Score ®

    58/100 Somewhat Walkable

  • Bike Score ®

    43/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Ithaca, NY
  • Neighborhood West Hill
  • Zip Code 14850
  • Market Buffalo

Points of Interest

  • Fastrac

    0.47 miles

  • Mobil

    0.52 miles

  • Citgo

    0.64 miles

  • Kwik Fill

    1.07 miles

  • Byrne Dairy & Deli

    1.13 miles

  • Sunoco

    1.37 miles

  • Mirabito

    2.52 miles

  • BJ’s Gas

    3.41 miles

  • ChargePoint

    8.18 miles

  • Cayuga Street Parking Garage

    1.02 miles

  • Green Street Parking Garage

    1.08 miles

  • Seneca Street Garage

    1.10 miles

  • Fall Creek access parking lot

    1.28 miles

  • Ithaca High School

    1.39 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

  • Super 8 Ithaca

    0.60 miles

  • Meadow Court Inn

    0.72 miles

  • Ithaca Gorge

    0.84 miles

  • The Hotel Ithaca

    0.98 miles

  • Hilton Garden Inn

    1.06 miles

  • Ithaca Marriott Downtown on the Commons

    1.15 miles

  • The William Henry Miller Inn

    1.15 miles

  • Hampton Inn Ithaca

    1.18 miles

  • Canopy by Hilton Ithaca Downtown

    1.18 miles

  • Quality Inn Ithaca - University Area

    1.24 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

    0.47 miles

  • Milkstand

    0.50 miles

  • Jade Garden

    0.51 miles

  • Tamarind

    0.51 miles

  • Franco's Pizzeria

    0.55 miles

  • Lehmann Alternative Community School

    0.12 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 Elementary 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

  • UCNS Cooperative Nursing School

    3.82 miles

  • Varna After School Program

    4.09 miles

  • Margaret Gibson Preschool

    4.13 miles

  • Primitive Pursuits 4-H Acres

    5.50 miles

Frequently Asked Questions

How much does 139 Chestnut St cost?

The space currently listed for sale at 139 Chestnut St asks for $5,500,000.

What is the total square footage of 139 Chestnut St?

139 Chestnut St totals 58,320 square feet.

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Contact Listing Broker
broker
Jonathan Weinstein Is this you?

Cushman & Wakefield | Pyramid Brokerage