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228 Dryden Rd
Ithaca, NY 14850
The Ruby · Land For Sale
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0.18 AC
Investment Highlights
- Fully approved 35-unit development opportunity.
- Designed with studio and one-bedroom layouts favored by student renters.
- TCAT transit stop located steps from the property.
- Located approximately 0.2 miles from Cornell University.
- Walking access to campus, dining, retail, and neighborhood services.
Executive Summary
One of a kind location for new ground-up development in the highly coveted College town Dryden Road/College Avenue corridor, located in the heart of College town just one block from campus. This is a very rare opportunity to acquire a shovel-ready multifamily development project in the exclusive College town 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 Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Apartment Units |
| Property Type | Land | Total Lot Size | 0.18 AC |
| Zoning | CR-4 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.18 AC |
| Zoning | CR-4 |
1 Lot Available
Lot
| Price | $1,962,380 CAD | Lot Size | 0.18 AC |
| Price Per AC | $10,902,111.27 CAD |
| Price | $1,962,380 CAD |
| Price Per AC | $10,902,111.27 CAD |
| Lot Size | 0.18 AC |
Shovel ready land with approved plan in Ithaca, NY
Property Taxes
| Parcel Number | 500700-064-000-0002-019-000-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,682,040 CAD | Total Assessment | $1,682,040 CAD |
Property Taxes
Parcel Number
500700-064-000-0002-019-000-0000
Land Assessment
$1,682,040 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,682,040 CAD
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