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77-79 Main Street, 
Cortland, NY 13045

$1,400,000


10

Beds


Bath


8,360

Sq Ft


Multi-Family

Active

Listed by

August Monkemeyer

Pyramid Brokerage Company - Co

607-277-2327

Last updated:

September 15, 2025, 08:11 PM

MLS#

R1638159

Source:

NY GENRIS

About This Home

77-79 Main Street

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/

Home Facts

Multi-Family

10 Bedrooms

Built in 1890

Price Summary

1,400,000

$167 per Sq. Ft.

MLS #:

R1638159

Last Updated:

September 15, 2025, 08:11 PM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

10

Interior

Living Area:

8,360 Sq. Ft.


Structure

Structure

Building Area:

8,360 Sq. Ft.

Year Built:

1890


Lot

Lot Size (Sq. Ft):

2,268


Finances & Disclosures

Finances

Price:

$1,400,000

Price per Sq. Ft:

$167 per Sq. Ft.

Source:NY GENRIS
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