Map
Listed price in listed location currency (USD).
$1,195,000

1000

MLS® R1638159

Overview

Key Facts

Type Other
Levels Residential Income
Size 8360 sqft
Garage No
Maintenance Fees 
Taxes $22,289
Approx. Age 1890
Avg. Price Per Sqft $142
MLS® Number R1638159

Property Address: 79-77 W Main St, Cortland, NY, 13045-1146

Average square foot calculated using Size range provided by listing agent.

Description

77-79 Main St Cortland TWO Tax parcels 77 main + 79 Main Two Commercial Tenants leased into 2027 Fully Leased 10 Apartments 28 beds leased thru 7/31/2026 Solid existing cash flow ~$190, 200 annual gross thru 7/31/2026 w/value add upside + rent upside growth. Some apartments have been renovated more than others, can be more renovated / mix of tenancy updated to increase rents further. Prime location mixed use investment opportunity in the Central Business District and heart of downtown Cortland, NY. 77-79 Main Street is a late 19th century historic building offering character filled 2 bedroom, 3 bedroom & 4 bedroom apartments right in Cortland's lively & vibrant downtown. Renovated and restored in 2018-2019, this historic building combines classic charm with modern amenity housing. Located just steps away from independent shops, cafes, bars, and restaurants along Main Street and close nearby right in the action! In addition to being very close by SUNY Cortland (home to ~7000 undergrad & grad students), the NYS Route 13/NYS 281 commercial corridor Guthrie Medical and other major employers in the area. OM / financials available with signed NDA. Taxes on both parcels 77 main st $14154.08+$8135.15 + 79 main st $20764.49+$7744.66 = $50, 798~ Assessment both parcels = $1, 195, 000 first floor has separately metered utilities, commercial + two first floor apartment units pay their own heat/power( baseboard electric) + have washer dryer in unit 2nd and 3rd floor has ducted gas heating (NYESG) landlord pays for heating on 2nd and 3rd + tenants pay separately metered electric on 2nd and 3rd (National Grid) common area 2nd floor laundry machines LL pays water / sewer trash & recycling call agent for questions / more info / showings https://www.Pyramidbrokerage.Com/listings/77-main-street-cortland-ny-g7023/
MLS® NumberR1638159
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area, Coin Operated, Washer Hookup
Exposure
Exterior
GarageNo
Approx. Age1890
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Sep 15, 2025List Date
$1,195,000List Price

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