132 Cherry St #2, Ithaca, NY 14850
FOR SALE
3D VIEW
1.38 ACRES

132 Cherry St #2
Ithaca, NY 14850

    $2,500,000

    Est. Mortgage $16,739/mo*
    Get Pre-Qualified

    $2,500,000

    Est. Mortgage $16,739/mo*
    Get Pre-Qualified
    (on 1.38 acres)

    Local Information

    Map showing home location
    © Google
    -- mins to
    Commute Destination

    Description

    This incredible location is shovel ready. The ground has been cleared, the previous building removed, and all the plans, permits, and proforma has been done. This incredible location is within walking distance to Wegmans, parks, transportation and Cayuga Lake. A pedestrian bridge was just installed RIGHT NEXT to this parcel, over the canal. This unparalleled opportunity is ready right now. There is a great deal of public information online under "The Hive Ithaca."
    Prime location provides waterfront living with great access to the adjacent Black Diamond Trail. The property is approved for 143-148 residential units with two L-shaped buildings nestled along the waterfront designed to have for residential and retail space on 1.37 acres.

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    3 days ago
    Last check for updates: about 2 hours ago
    Listing by: Berkshire Hathaway HomeServices Heritage Realty, (607) 428-0708
    Brian DeYoung, (607) 428-0708
    Originating MLS: Ithaca Board of Realtors
    Source: NYSAMLSs, MLS#R1687688
    Also Listed on NYSAMLSs.

    Home Details for 132 Cherry St #2

    Active Status

    MLS Status: Active

    Interior Features

    Appliances & Utilities
    Utilities: Cable Available, Natural Gas Available, High Speed Internet Available, Phone Available, Electricity Available, Sewer Available, Water Available
    Fireplace & Spa
    No Fireplace
    View
    Has a ViewView: Scenic, Water

    Exterior Features

    Exterior Home Features
    Other Structures: None
    Parking & Garage
    Parking: No Driveway
    Frontage
    Waterfront: Canal Access, Lake FrontRoad Frontage: City StreetNot on Waterfront
    Water & Sewer
    Sewer: Storm SewerWater Body: Cayuga Inlet

    Days on Market

    Days on Market: 3

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Usage of Home: OtherParcel Number: 50070007700000040020000000

    Price & Status

    Price
    List Price: $2,500,000
    Status Change & Dates
    Possession Timing: Close Of Escrow

    Media

    Location

    Direction & Address
    City: Ithaca City
    School Information
    Elementary School: Beverly J Martin ElementaryElementary School District: IthacaJr High / Middle School: Boynton MiddleJr High / Middle School District: IthacaHigh School: Ithaca Senior HighHigh School District: Ithaca

    Agent Information

    Listing Agent
    Listing ID: R1687688

    Community

    Community Features: Storm Drain(s)Not Senior Community

    HOA

    Association for this Listing: Ithaca Board of Realtors

    Lot Information

    Lot Area: 1.38 Acres

    Listing Info

    Special Conditions: Standard

    Offer

    Listing Terms: Cash

    Miscellaneous

    Mls Number: R1687688Living Area Range Units: Square FeetWater ViewWater View: WaterAttribution Contact: 607-428-0708Universal Property Id: US-36109-N-50070007700000040020000000-R-N

    Additional Information

    Storm Drain(s)

    Market trends in Ithaca

    Last updated May 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $404K
    $17.17K    MoM
    Sale-to-List Price
    —
    Price per sq ft
    $229
    $1    MoM
    Available listings
    156
    25    MoM

    Price History for 132 Cherry St #2

    DatePriceEventSource
    06/10/2026$2,500,000Listed For SaleNYSAMLSs #R1687688

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    Comparable Sales for 132 Cherry St #2

    Address
    Distance
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    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    616 Hudson St, Ithaca, NY
    1.26
    Lot/Land
    $105,000
    04/20/26
    -
    -
    210 Eldridge Cir #15, Ithaca, NY
    3.21
    Lot/Land
    $120,000
    11/05/25
    -
    -
    1102 Taughannock Blvd, Ithaca, NY
    3.21
    Lot/Land
    $56,000
    08/06/25
    -
    -
    1195 Hinging Post Rd, Ithaca, NY
    4.18
    Lot/Land
    $164,000
    07/22/25
    -
    -
    Burdick Hill Rd, Ithaca, NY
    4.28
    Lot/Land
    $125,000
    06/05/26
    -
    -
    74 Cherry Rd, Ithaca, NY
    4.79
    Lot/Land
    $105,000
    11/05/25
    -
    -
    Turkey Hill Rd #7, Ithaca, NY
    4.51
    Lot/Land
    $370,000
    08/21/25
    -
    -
    Quarry Rd #63, Ithaca, NY
    4.52
    Lot/Land
    $430,000
    05/28/26
    -
    -

    Nearby homes

    Get a sense of prices in the area by checking nearby homes.
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    Assigned Schools

    These are the assigned schools for 132 Cherry St #2.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    What Locals Say about Ithaca

    At least 179 Trulia users voted on each feature.

    • 92 % Say it's dog friendly

    • 81 % Say car is needed

    • 79 % Say there's wildlife

    • 77 % Say parking is easy

    • 73 % Say people would walk alone at night

    • 64 % Say yards are well-kept

    • 62 % Say kids play outside

    • 60 % Say it's quiet

    • 59 % Say neighbors are friendly

    • 58 % Say there are sidewalks

    • 56 % Say there's holiday spirit

    • 54 % Say it's walkable to restaurants

    • 49 % Say they plan to stay for at least 5 years

    • 45 % Say it's walkable to grocery stores

    • 43 % Say streets are well-lit

    • 39 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • Trulia User
      "Meeting neighbors for fireplace socializing and watching everyone’s pets is great. The view of July 4th is lovely"
      5
      Flag
    • Trulia User
      "Lots of inebriated college students driving short distances around the neighborhoods when they shouldn’t be and overly intoxicated walking by houses shouting/ overly rowdy at all times of the night & early morning."
      4
      Flag
    • Trulia User
      "Dog friendly and family friendly. Close to Northeast Elementary and Dewitt Middle school - I used to walk to school as a kid growing up there. Safe"
      0
      Flag
    • Trulia User
      "Lots of college students partying (loud music, public drinking/intoxication, recreational drug use, etc..)."
      4
      Flag
    • Trulia User
      "I have been living in Cayuga heights for 4 years, love it absolutely. Feel sad to leave such a quiet and beautiful place."
      0
      Flag
    • Samara G.
      "They would like the dog park mostly the skateboard park and the only thing they wouldn’t like is some landlords expect dog deposits and some don’t allow dogs, whether working dog or not."
      9
      Flag
    • Vanessa H. B.
      "I walk to my office, which is around the corner from where I live. I love it! There is public transport, which I would feel good about using if I moved. "
      4
      Flag
    • Tristan H.
      "Public transportation is readily available and accessible by all who live in Cayuga Heights. TCAT busses run very often and go in all directions."
      4
      Flag
    • Lj279
      "It is hard to live here and depend on public transportation. You must have a car for groceries and emergencies. There is no biking path or good side walks. "
      10
      Flag
    • Mnichols
      "I have lived on south hill for 25 years in 2 different homes. It is close to downtown and state park, I can walk to ithaca college and buttermilk falls park in 10 min each."
      6
      Flag
    • Kurtwright
      "Close to CORNELL campus......walkable Close to Ithaca Commons.....walkable Well maintained historic houses"
      0
      Flag
    • Trulia User
      "You see people walking their dogs all the time. The local park is a great asset of the neighborhood. "
      3
      Flag
    • Joshua P.
      "Views, street lights and nature trail. Traffic can get a bit fast, but the road is safe. New bike paths across the bridge are interesting "
      2
      Flag
    • Paul
      "It is a very easy commute to downtown. Slightly more to the colleges. I consider commutes under 15 minutes to be easy though. I know Ithacans complain about traffic at the “octopus”, but that’s only because most of them have never seen traffic."
      1
      Flag
    • David W.
      "Amazing location! I walk 10 blocks to work. Gimme Coffee is on the way. Historic Northside Triangle is the place to be!"
      0
      Flag
    • Dani932
      "The apartments aren't upgraded for the amount you pay on a one-bedroom. The area is quiet and l haven't had any issues living here."
      0
      Flag
    • Ronald B.
      "Semi-rural atmosphere. Lots of walking paths and hiking trails in the area. Our area of Dryden is in the Ithaca School District, whisky is very good."
      0
      Flag
    • Trulia User
      "Beautiful, nice view. The community is looking forward to sidewalks that will help the area become more navigating. The community is nice but not as inviting as some may like."
      7
      Flag
    • Latoya Peterson
      "Landlords don’t except Section 8 assistants. Good luck getting your security deposit back!?! Slum lords own most property here unfortunately."
      11
      Flag
    • Trulia User
      "Access to public transportation a plus. They need to work on installing shoulders on west king road. Commuting is easy"
      5
      Flag
    • Paul
      "I've lived in the area for 13 years. I've lived in Northeast Ithaca specifically for 5 years. Northeast Ithaca is very competitive as far as buying a home. The people are great and Northeast Elementary including the Ithaca City School District is beyond amazing. Northeast Ithaca is close to Cornell University. There are many reasons why homes in in Northeast Ithaca are in high demand."
      1
      Flag
    • Littlespoon1970
      "I have lived here for three years and I feel safe in this neighborhood. People are friendly and it’s in walking distance to the commons and my work at Ithaca High School."
      0
      Flag
    • Dsevey
      "My commute is within 15 minutes and traffic is never an issue. I would like to see more public transportation options. "
      0
      Flag
    • LexiH
      "This place is pretty quiet, it’s a really nice neighborhood very safe and it’s close to the airport and many trails to walk so you can Birdwatch very beautiful during the summer and spring."
      0
      Flag
    • Ithacadale169
      "the area I live in is quiet and full of nature with a creek and trails to walk. there are a few loud dogs but they are usually quiet"
      0
      Flag
    • Paul
      "We have neighborhood holiday parties and always run into many familiar faces at community events. Ithaca is a safe small town with great restaurants and attractions."
      1
      Flag
    • Joann.reinhardt
      "Community that gives to family & children of many activities. Dryden offers healthy activities for all ages. Library is an investment for the community. "
      0
      Flag
    • Joann.reinhardt
      "Great community for young families as well as the retired couples. The city and colleges offer many free entertainment to all of the residents. Many grocery stores and restaurants and retail stores to shop. Unique shops on the main common area in the middle of the city. There is so many outdoor lights activities for all ages in the Finger Lakes area. "
      0
      Flag
    • Tim T.
      "There are two parks in a three block area. Level walking throughout the neighborhood. It would be nice however for the city to make the parks more dog friendly and put up waste containers for doggy poop bags. "
      1
      Flag
    • Theguru1992
      "ithaca is a collage towns with many store fronts an bars stores are simple walk down the hill. great place to live or rent with family or going to college"
      0
      Flag
    • Kristin c.
      "Like: many dog owners and they are friendly Not like: no sidewalks on roads where cars drive very fast"
      0
      Flag
    • Mmogelonsky
      "Lots of dogs everywhere and great walking paths...not a lot of sidewalks but drivers are careful. A bit of a drive to the dog park downtown but there are some open areas nearby "
      2
      Flag

    LGBTQ Local Legal Protections

    Brian DeYoung, Berkshire Hathaway HomeServices Heritage Realty, (607) 428-0708
    Agent Phone: (607) 428-0708
    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Broker’s Firm Name. Listing Data last updated at 2026-06-13 09:55:56 PDT. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.
    132 Cherry St #2, Ithaca, NY 14850 is a lot/land. This property is currently available for sale and was listed by NYSAMLSs on Jun 10, 2026. The MLS # for this home is MLS# R1687688.