Ithaca, NY High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Ithaca, New York Market population: 30K. Compare commercial properties across all major asset classes...

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📊 Average Cap Rate For Ithaca NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Ithaca NY Properties: 2.8600%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

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Investor Questions For Ithaca NY

Common questions from investors exploring commercial real estate in Ithaca NY.

What is the overall investment potential of Ithaca, NY, considering its demographic and economic factors? +

Ithaca's 39.0% poverty rate and $28,760 median household income suggest a challenging market, but the 95.2% health insurance coverage and 15-minute average commute time indicate a relatively stable population with access to employment opportunities, making it a potential investment target for affordable housing or rental properties catering to the city's diverse population, including 24.1% foreign-born residents and a mix of White, White Non-Hispanic, and Asian ethnicities.

How does the city's industry and employment landscape impact real estate investment? +

The top industries in Ithaca, including Transportation & Warehousing, Wholesale Trade, and Manufacturing, contribute to the employed population of 12,887, which, combined with the 27.0% homeownership rate, suggests a rental market with potential for growth, especially considering the relatively low median property value of $193,700 and median property taxes of $2,677, making it an attractive option for investors looking to capitalize on the city's economic activity.

What role does ethnic diversity play in shaping the local real estate market? +

Ithaca's diverse population, with top ethnicities including White, White Non-Hispanic, and Asian, contributes to a vibrant cultural scene, which can attract businesses, students, and professionals, thereby increasing demand for housing and potentially driving up property values, especially in areas with high walkability and access to amenities, as indicated by the 34.6% of residents who walk to work.

How do quality of life metrics, such as commute time and health insurance coverage, influence the stability of the real estate market? +

The city's 15-minute average commute time and 95.2% health insurance coverage rate suggest a high level of quality of life, which can contribute to a stable and attractive real estate market, as residents are more likely to prioritize living in areas with easy access to employment, education, and healthcare, thereby supporting demand for housing and potentially reducing vacancy rates, especially in properties with convenient locations and amenities.

What are the implications of the city's poverty rate and income inequality for real estate investors? +

Ithaca's 39.0% poverty rate and 0.575 GINI coefficient indicate significant income inequality, which can impact the affordability and accessibility of housing for low-income residents, suggesting a need for investors to consider affordable housing options or community development projects that address these disparities, while also taking into account the potential for rental income and property appreciation in a city with a strong demand for housing and a growing population of students and professionals.

Ithaca NY Real Estate & City Facts

Key facts and real estate information about Ithaca NY.

What are some of the best neighborhoods to live in Ithaca? +

Some of the best neighborhoods to live in Ithaca include East Hill, Fall Creek, Belle Sherman, and Cayuga Heights. Each neighborhood has its own unique character, with East Hill being known for its steep streets and incredible views, Fall Creek being a quieter area, and Belle Sherman and Cayuga Heights offering a more suburban feel. Ultimately, the best neighborhood for you will depend on your personal preferences and priorities.

What are some fun things to do in Ithaca? +

Ithaca has a wide range of activities to suit all interests. For outdoor enthusiasts, there's hiking in Robert Treman State Park, Buttermilk Falls State Park, and Taughannock Falls State Park. If you're looking for something more low-key, you can explore the Downtown Ithaca Commons, visit the Cornell University campus, or check out the local art scene. And if you're interested in something truly unique, be sure to visit the Moosewood Restaurant, the Wilder brain collection, or the Harry Potter Library on the Cornell campus.

What is the food scene like in Ithaca? +

Ithaca has a thriving food scene with a variety of restaurants to choose from. Some popular spots include The Boatyard Grill, Moosewood Restaurant, Maxie's Supper Club and Oyster Bar, and the Ithaca Ale House. You can also find great food at the Downtown Ithaca Commons, which has over 50 places to eat, including coffee shops, pubs, and upscale dining establishments. And if you're looking for something new and exciting, be sure to check out the Food Lab, which experiments with bold flavors and ingredients.

What are the pros and cons of living in Ithaca? +

Living in Ithaca has its pros and cons. On the plus side, Ithaca is a beautiful city with a strong sense of community, a thriving arts and cultural scene, and plenty of opportunities for outdoor recreation. However, it can also be quite expensive, especially when it comes to housing, and the weather can be quite cold and snowy in the winter. Additionally, some areas of the city can be quite hilly, which may be a challenge for those with mobility issues. Ultimately, whether or not Ithaca is a good fit for you will depend on your individual priorities and preferences.

Is Ithaca a good place to live? +

Ithaca is a great place to live for those who value a strong sense of community, a thriving arts and cultural scene, and plenty of opportunities for outdoor recreation. While it can be quite expensive, especially when it comes to housing, the city's unique character and natural beauty make it a desirable place to call home. With its many neighborhoods to choose from, each with its own unique character, Ithaca has something to offer for everyone. So if you're looking for a place to live that's a little bit quirky, a little bit charming, and a whole lot of fun, Ithaca might be the perfect fit for you.

Ithaca, NY High Income Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Average Cap Rate For Ithaca NY Properties: 6.86%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Avg Property Tax Rate For Ithaca NY Properties: 2.8600%

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

Investor Questions For Ithaca NY

Ithaca NY Real Estate & City Facts

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