77-79 Main Street Cortland, NY 13045

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/