201 Highland Avenue Ithaca-City, NY $ 895,000
201 Highland Avenue
$ 895,000
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201 Highland Avenue

Ithaca-City, NY, 14850
$ 895,000
Bedrooms5 Baths0.0 Sq 3,768

Monthly Estimate*

$ 5,948

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Commercial Property for sale in Ithaca-City, NY for $895,000 with 5 bedrooms. This 3,768 square foot building was built in 1915 on a lot size of 0.2.

Impressive circa 1915 Arts and Crafts style building converted to 6 desirable dwelling units. Located in the Cornell Heights Historic district and located near the suspension bridge that leads to the Cornell Arts Quad and the Johnson Museum. There is extensive original detailing throughout with impressive oak woodwork French doors, spacious rooms, large windows and a cathedral ceiling in the third story unit. There is off-street parking for 5 to 6 vehicles. Current owners have had the property for 40 years and have lovingly maintained it. Units are currently leased to late July 2024 and again until late July 2025, with many units renewing. Gross rents shown are for current leases with higher annual gross for '24-'25. Units are unfurnished. All tenants pay heat and cooking gas, 5 units pay electricity. Tenants do own trash. Parking is included as is hot and cold water. On premises laundry. Fire alarm system. Breakdown by unit of rents for current and next year are available through your agent,

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Commercial Active

Price

$ 895,000

Bedrooms

5

Property Type

Commercial

Taxes

$ 18,937

Style

Lot Size

0.2

Year Built

1915

Town/City

Ithaca-City

County/Region

TOMPKINS

MLS | Web ID

R1531213

Features
General
Interior Features CathedralCeilings Skylights NaturalWoodwork
Sewer Connected
Heating Gas Other SeeRemarks HotWater
Cooling Other SeeRemarks
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt Membrane Rubber
Appliances Dryer FreeStandingRange GasWaterHeater Oven Refrigerator Washer
Exterior Features GravelDriveway
Garage Spaces 0.0
Security Features FireEscape
Construction Materials ShakeSiding Stucco CopperPlumbing
Year Built 1915
Electric CircuitBreakers
Stories 3
Township Not Applicable
Property SubType Other
County Tompkins
Net Operating Income 46657.0
Property Type CommercialSale
Subdivision Name Cornell Heights Historic
Garage Y/N No
Rent Includes CommonAreaMaintenance HotWater SnowRemoval TrashCollection Water
Status Active
Directions Thurston Ave. to Highland Ave. Located on the northeast corner of Heights Court
High School Ithaca Senior High
City Ithaca-City
High School District Ithaca
Total Units 6
MLS Area Ithaca-City-500700
Waterfront Y/N No
Street Name Highland
Elementary School Cayuga Heights Elementary
Year Built Details Existing
Tax Annual Amount 18937.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 575000
TaxOtherAnnualAssessmentAmount 0.0
Property Sub Type Additional Other
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Interior
Basement PartiallyFinished
Flooring Hardwood Tile Varies Vinyl
Furnished Y/N Unfurnished
Total Fireplaces 2
Total Stories 3
Basement (Y/N) Yes
Heating Y/N Yes
Window Features Skylights
Fireplace Y/N Yes
Street Suffix Avenue
Laundry Features CommonArea Coinoperated
Total Bedrooms 5
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features ThreeormoreSpaces NoGarage
Lot Features CornerLot HistoricDistrict IrregularLot NearPublicTransit
Water Source Connected Public
Lot Size Area 0.2
Building Area Total 3768.0
Lot Dimensions 100X85
Lot Size Acres 0.2
Lot Size Units Acres
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Internal Only
Street Number 1 201
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* Excluded Features
List By
Christopher George Real Estate

Broker

(607) 279-5520

Phone

Affordability Calculator

$7,527
Per Month
79%
21%
0%
Monthly Principal & Interest
$5,948
Monthly Property Taxes
$1,578
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4559582 Elementary School
3323858 Middle School
Ithaca Senior High High School
Pricing History
DatePricePrice ChangeDescription
4/15/2024$895,000 Listed Price

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201 Highland Avenue, Ithaca-City, NY, 14850 is a Commercial Property for sale at $895,000 with 3,768 sqft and a lot size of 0.2. 201 Highland Avenue has 5 bedrooms, 0.0 baths, and was built in 1915. The property's zip code is 14850 which is in Ithaca-City, NY