228 Dryden Road, Ithaca, NY - Multi-Unit For Sale
One of a kind location for new ground-up development in the highly coveted Collegetown Dryden Road/College Avenue corridor, located in the heart of Collegetown just one block from campus. This is a very rare opportunity to acquire a shovel-ready multifamily development project in the exclusive Collegetown area of Ithaca, NY. The fully entitled luxury housing project includes approved plans and municipal approvals, offering strong potential in a market with high demand for new off-campus living. The unit mix is designed for single occupancy, featuring 35 studio and one-bedroom units with high value return potential. The project is efficiently designed for construction, and the market continues to demonstrate strong rent growth and consistently high occupancy rates.
Property Details
- Property Name: The Ruby
- Sale/Lease: Sale
- Major Use: Multi-Unit
- Subuse: Multifamily
- Price: $1,400,000
