For sale

$895,000

Est. $6,759/mo —

•

— ba

•

2,973

sq ft

116 Cook St, Ithaca, NY 14850

About this home

Ivy League Collegetown property is highly regarded as some of the most stable, investment grade real estate in the country. Located in the heart of Cornell University’s Collegetown- This property features 10 bedrooms and can be rented in a variety of ways. Currently rented by the room, this property is prime for value add. Flexible CR-3 zoning allows for ground up redevelopment of up to 3 stories or implement a value add strategy to boost per bedroom rents to market rate. Fully renovated properties in the area can fetch $1100-$1400 per bedroom. Properties of this size, this close to Cornell in a prime Collegetown location rarely hit the open market.

Multi-familyProperty Type

1980Year Built

6,534 sq ftLot Size

$301Price/Sq.Ft.

Listing by Kyle Steele • Howard Hanna S Tier Inc

Contact: 607-342-2148

Listing updated: Sep 15, 2026 at 06:07pm

Redfin checked: a few seconds ago

•Source:IBRMLS #R1654546

Payment calculator

$6,759 per month

Principal and interest$4,945

Property taxes

$1,694

HOA dues

Home insurance

$119

Utilities

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Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Belle Sherman School

Public PreK-5 • Assigned • 0.4mi

4/10

Boynton Middle School

Public 6-8 • Assigned • 1.6mi

8/10

Ithaca Senior High School

Public 9-12 • Assigned • 1.3mi

9/10

Dewitt Middle School

Public 6-8 • Assigned • 2.6mi

7/10

Provided by GreatSchools

About

Collegetown

Collegetown, located between Cornell University’s Arts Quad and Cascadilla Gorge, is a hillside and walkable Ithaca neighborhood with a dense main drag and steep, stair-stepped streets. The neighborhood’s character concentrates at College Ave and Dryden Rd, where late-night eateries, indie cafes, and small storefronts keep the sidewalks in motion. Iconic anchors like Collegetown Bagels, the historic State Theatre of Ithaca, and the Cornell Cinema set a cultural baseline beyond the daily bustle. Brick apartment houses and compact infill buildings line the slopes, with pocket views toward Cayuga Lake. Cascadilla’s stone bridges and trails add a wooded edge to the street grid. Downtown is a short walk downhill, while campus paths pull the scene back up the ridge.

Provided by Walk Score and Local Logic

Market insights

116 Cook St · $895,000

DAYS ON MARKET

The average home goes pending in 42 days.

SALE-TO-LIST

Most homes are selling 4% above list price.

LIST PRICE

Median list price in this area is $437,228. (51% lower than this home)

PRICE DROP

23% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Natural woodwork
Walk-out basement access

Kitchen
Dishwasher
Gas oven
Gas range
Refrigerator

Laundry & utility
Common area laundry
Gas water heater

Flooring
Hardwood
Vinyl
Varies

Heating & cooling
Forced air heating
Natural gas heating
Has heating

Sale and tax history for 116 Cook St

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2026

$14,193

$130,000 + $570,000

$700,000

2025

$14,193 (+2.3%)

$130,000 + $570,000

$700,000

2024

$13,879 (−2.0%)

$130,000 + $570,000

$700,000

2023

$14,160 (−38.0%)

$130,000 + $520,000

$650,000

2022

$22,826 (+3.9%)

$130,000 + $520,000

$650,000

2021

$21,961 (+53.8%)

$130,000 + $490,000

$620,000

2020

$14,278 (+17.4%)

$130,000 + $490,000

$620,000

2019

$12,163 (−1.1%)

$130,000 + $390,000

$520,000

2018

$12,292 (+6.5%)

$130,000 + $390,000

$520,000

2017

$11,545 (−0.9%)

$130,000 + $390,000

$520,000

2016

$11,652 (+3.0%)

$65,000 + $410,000

$475,000

2015

$11,312 (−34.8%)

$65,000 + $410,000

$475,000

2014

$17,346

$65,000 + $385,000

$450,000

Public record

Beds

—

Baths

—

Stories

—

Lot width

50 ft.

Lot depth

132 ft.

Lot size

6,600 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

4,119

Year built

—

Style

Multi-Family (5+ Unit)

County

Tompkins County

APN

500700A06800000050150000000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 10, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

8 days above 93° expected this year, 17 days in 30 years

1/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Ithaca, NY • 14850

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

80/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.8 hrs

5.4 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 116 Cook St

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $389,000 and $1,270,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $389K to $1.3M.

SOLD JUL 24, 2026
$669,000 Last sold price
5 beds2.5 baths2,689 sq ft
103 Harvard Pl, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc.
$52/sq ft
larger lot
55 years older
SOLD AUG 14, 2026
$675,000 Last sold price
5 beds3.5 baths3,341 sq ft
101 Linn St, Ithaca, NY 14850
Listing by Howard Hanna S Tier Inc
$99/sq ft
smaller lot
90 years older
SOLD AUG 18, 2026
$510,000 Last sold price
3 beds2 baths1,665 sq ft
209 Bryant Ave, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc.
$5/sq ft
60 years older
SOLD JUL 31, 2026
$1,270,000 Last sold price
10 beds— baths3,598 sq ft
119 The Knoll Knls, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc.
$52/sq ft
larger lot
SOLD JAN 6, 2026
$389,000 Last sold price
4 beds2 baths2,190 sq ft
328 W Seneca St, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc.
$123/sq ft
smaller lot
60 years older
SOLD FEB 10, 2026
$945,000 Last sold price
7 beds6 baths3,474 sq ft
404-406-408 S Aurora St, Ithaca, NY 14850
Listing by Warren Real Estate of Ithaca Inc. (Downtown)
$29/sq ft
larger lot
100 years older