502 University Avenue
One of the oldest homes on University Avenue, the Mary B. Wood House was built for and occupied by Ezra Cornell’s mother-in-law and is named after her. The house is Second Empire style and was built in 1873. Please note: for first 30 days after listing, properties at 502,504,508 and 510 University will be sold only as a package with a list price of $2,400,000. Gross income of this bldg. $65,520.Converted to student housing in the 1980s, this house now has 5 units, legal for 8 unrelated people. 2019 Certificate of Compliance to convey. Landlord’s style is to pay utilities, though there are 3 heating systems and future owner could pass on heating costs for 2 units.3rd heating system heats 3 remaining apts. Landlord provides hot and cold water, some furnishings and all appliances on site; seller to provide inventory. Tenants in all four buildings have rights to use coin-op laundry located at 508 University.
510 University Avenue
Architecturally significant as the only Craftsman style building on University Ave., this apt. building was constructed by Robert H. Treman in 1920.Leased to various illustrious Cornellians in its halcyon days. This house now has 3 units, legal for 7 unrelated people.2021 Certificate of Compliance and Electrical Certificate to convey. This building has a gross income $45,540. One unit per floor and one steam boiler for all; landlord pays heat and gas. Tenants pay their own electricity. Most furnishings in building provided by landlord; seller to provide inventory of furnishings and appliances. Tenants in all four buildings have leased rights to use coin-op laundry located at 508 University.
