Tompkins County and Ithaca City property record for 121 Lake St, #25, Ithaca, NY 14850
| Property Type | Commercial |
|---|---|
| Lot Size | 1.42 acres (61,855 sqft) |
| Owner | Company Name on Record |
| Last Sale | $5,000,000 (Dec 2021) |
| Tax Bill | $39,070 (2025) |
| Deeds & Mortgages | Dec 2023 Refinance Dec 2021 Sale & Mortgage |
| Flood Zone | Zone X (minimal risk) |
| APN | 500700 11.-3-1.22 |
| Primary APN | 500700 11.-3-1.22 |
|---|---|
| Alternative APN |
|
| Lot Area | 61,855 sqft (1.42 acres) |
|---|
| Heating Fuel | Oil |
|---|---|
| Sewer | Municipal |
| Water Source | Commercial |
| Street Address | 121 LAKE ST, 25 |
|---|---|
| City | ITHACA |
| State | NY |
| Zip | 14850-3855 |
| Property Category | Commercial |
| Property Type | Commercial > Retail |
| Local Zoning Code | I-1 |
| Legal Block | 3 |
| Legal Lot Number | 1.022 |
| Jurisdiction | TOMPKINS NY |
| Township / Civil Division | ITHACA |
| Census Block Group | 1 |
| Census Block | 1002 |
| Census Tract | 700 |
Source: Tompkins County and Ithaca City records, as of May 14, 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | Company Name on Record |
|---|---|
| Mailing Address | 226 CECIL MALONE DR, 2, ITHACA, NY 14850-5101 |
| Owner Type | Company |
| Vesting | Company |
| Date | Document |
|---|---|
| Dec 12, 2023 | Deed of Trust, Mortgage · Stand-Alone Refinance NEXTIER BANK |
| Dec 13, 2021 | Warranty Deed, Transfer · Stand-Alone First Mortgage IFR DEVELOPMENT LLC |
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Dec 13, 2021 · Amount on Record |
| Deed Sale | Dec 13, 2021 · Amount on Record |
| Prior Sale | Jun 26, 2012 · Amount on Record |
| Deed Document Number | 202114665 |
| Record Updated | Oct 29, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | TOMPKINS NY |
| Property Address | 121 LAKE ST # 25, 25, ITHACA, NY 14850-3855 |
| Transaction Type | Mortgage |
| Record Updated | Apr 9, 2026 |
| Name | Verified Name |
|---|
| Document Number | 0000000998 |
|---|---|
| Date | Dec 12, 2023 |
| Instrument | 2023-10998 |
| Name | NEXTIER BANK |
|---|
| Type | Stand-Alone Refinance |
|---|---|
| Amount | Amount Recorded |
| Document Type | Warranty Deed |
|---|---|
| Jurisdiction | TOMPKINS NY |
| Recording Date | Dec 13, 2021 |
| Property Address | 121 LAKE ST # 25, 25, ITHACA, NY 14850-3855 |
| Document Number | 0000004665 |
| Instrument Date | Dec 3, 2021 |
| Instrument | 2021-14665 |
| Transaction Type | Transfer |
| Record Updated | Apr 9, 2026 |
| Amount | Amount Recorded |
|---|---|
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $0.00 |
| Amount Accuracy | Full Amount Stated |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Address | 226 CECIL MALONE DR # STE3, STE3, ITHACA, NY 14850-5101 |
| Document Number | 0000004666 |
|---|---|
| Date | Dec 13, 2021 |
| Instrument | 2021-14666 |
| Name | IFR DEVELOPMENT LLC |
|---|
| Type | Stand-Alone First Mortgage |
|---|---|
| Amount | Amount Recorded |
| Document Number | 0000004667 |
|---|---|
| Date | Dec 13, 2021 |
| Instrument | 2021-14667 |
| Name | IFR DEVELOPMENT LLC |
|---|
| Type | Stand-Alone Refinance |
|---|---|
| Amount | Amount Recorded |
Source: Tompkins County and Ithaca City assessment roll, as of May 14, 2026
| Type | Name |
|---|---|
| State | New York |
| County | Tompkins County |
| Municipality | Ithaca City |
| Unified School District | Ithaca City School District (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $39,070.00 | $2,450,000 (+5.42%) Land $2,324,000 Building $126,000 | $2,450,000 (+5.42%) Land $2,324,000 Building $126,000 |
| 2023 | $2,324,000 Land $2,324,000 | $2,324,000 Land $2,324,000 |
Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.
Source: FEMA National Flood Hazard Layer, effective June 17, 2025
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Nearest Special Flood Hazard Area | Zone AE, within 500 ft |
| Flood Insurance Requirement | Not required lenders may require it |
Values are read at the parcel center point; lenders make the official flood determination.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Not rated no burnable land within ember reach |
|---|
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | ITHACA CITY serves 29,457 people · EPA ID NY5404416 |
|---|---|
| Water Source | Surface water |
| Last State Inspection | Aug 2025 |
| Lead | 2 ppb (2023–2025) action level 15 ppb |
| Water Quality | Chlorine dioxide resolved · Feb 2020 |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | 1 last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.
Source: FCC Broadband Data Collection, based on 661 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Spectrum Cable · Fiber in parts of the area | 1,000 / 1,000 |
| Empire Long Distance Fiber | 1,000 / 100 |
| Verizon Fiber · Fixed Wireless in parts of the area | 980 / 880 |
May also be available: Fiberspark, T-Mobile.
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