77 Main St - Apartments FOR SALE


Cortland, NY 13045
$1,295,000 USD
607-227-7558
77 Main St, Cortland, NY for Sale
$1,295,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

77 Main St
Cortland, NY 13045


HIGHLIGHTS

  • • Prime location mixed use investment opportunity
  • • 19th century historic building offering character filled 2-bedroom, 3-bedroom, and 4-bedroom apartments in Cortland’s lively and vibrant downtown
  • • Renovated and restored in 2018-2019, this historic building combines classic charm and character with modern amenity housing
  • • Heat, water, sewer, trash & recycling included, Tenants pay their own electric and wifi/internet/cable + applicable pet & furniture fees.
  • • Generates a solid cash flow opportunity with room for rental income / value add growth upside.

OVERVIEW

Prime location mixed use investment opportunity in the Central Business District and heart of downtown Cortland, NY. 77-79 Main Street is a late 19th century historic building offering character filled 2 bedroom, 3 bedroom & 4 bedroom apartments right in Cortland's lively & vibrant downtown. Renovated and restored in 2018-2019, this historic building combines classic charm with modern amenity housing. Located just steps away from independent shops, cafes, bars, and restaurants along Main Street and close nearby right in the action! In addition to being very close by SUNY Cortland (home to ~7000 undergrad & grad students), the NYS Route 13/NYS 281 commercial corridor Guthrie Medical and other major employers in the area. • 12 rental units: Two NN Commercial Tenants - leased through into 2027 10 Residential Apartments - leased through into end of July 2026 Consisting of : Four 2-bedroom 1 bath apartments Three 3-bedroom 1 bath apartments Three 4-bedroom 1 bath apartments

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

10

PRICE/UNIT

$129,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Miller

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,008 SF

ZONING

05 - COMME

APN/PARCEL ID

110200-086-058-0004-013-000-0000,110200-086-058-0004-014-000-0000

ASK ABOUT THIS PROPERTY

David HuckleCushman and Wakefield/Pyramid Brokerage CompanyMore Info
607-227-7558

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David HuckleCushman and Wakefield/Pyramid Brokerage CompanyMore Info
607-227-7558

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.