139 Chestnut St, Ithaca, NY 14850

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Building Details:

139 Chestnut St is amulti-family property located in Ithaca, NY. The property currently has 1 multi-family space for lease and is marketed by Cushman & Wakefield Pyramid Brokerage Company.

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

• Available Spaces

Suite	Space Type	Pricing	Size
---	Multi-Family Space	For sale: Contact for Pricing	58,320 sqft
View Details Listing company: Cushman & Wakefield Pyramid Brokerage Company Pricing: Contact for Pricing Availability: Now Listing ID: 3291016 Save to list