Listed by Warren Real Estate, GREA
$8,550,000
Cornell Student Housing Multi Family Portfolio
Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 25,778
Beds 80
Cap Rate 7.18%
NOI $614,156
Occupancy 100%
Tenancy Multi
Buildings 7
Lot Size (SqFt) 53,579
Investment Type Stabilized
7.18% CAP | 80 Beds | Multifamily Portfolio
Marketing description
This exclusive portfolio presents a rare opportunity to acquire a turn key, stabilized and high-performing student housing portfolio in the heart of Ithaca, New York, home to Ivy League institution Cornell University. Consisting of 7 strategically located properties in Collegetown and North Campus/Cornell Heights, this portfolio totals 80 beds across 22 units and 7 buildings, all of which are either new construction or have undergone comprehensive renovations - offering a strong and consistent rental history driven by steady student demand.
Investment highlights
- All properties have had 100% occupancy at the start of every school year and less than .05% collection loss through entirety of current ownership.
- Prime Locations: All properties are within close proximity to Cornell University and key amenities, catering to Cornell Students, ensuring strong year-round rental demand.
- Diversified Asset Mix: A combination of multi-unit properties, providing income diversification and operational flexibility. All units are fully furnished and feature tenant-paid utilities, ensuring strong cash flow and minimal management overhead.
- Stabilized Income: Consistent occupancy and high rental rates.
- Student Housing Focus: Tailored to meet the needs of undergraduate and graduate students, with proven demand and limited comparable supply in the market.
- Ithaca Growth Market: Benefiting from one of the most resilient rental markets in Upstate New York, supported by a top-tier university and strong local economy.
Listing Contacts
Listed by Warren Real Estate, GREA
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$614,156.00
$51,179.67/mo
Valuation Metrics
0
DSCR
7.18%
Cap Rate
7.18%
ROI
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Zoning
R-3A ResidentialMulti FamilyMultifamily Residential
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View all 28 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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