5 Cinema Dr, Unit 1, Ithaca, NY 14850 Property Records

Tompkins County and Lansing Town property record for 5 Cinema Dr, Unit 1, Ithaca, NY 14850 · Last verified May 2026

Property Highlights

Property Type	Commercial > Retail > Hotel
Year Built	Built 1985
Square Footage	80,675 sqft Gross Area
Lot Size	173,369 sqft (3.98 acres)
Last Sale	$2,700,000 (1997)

Property Details

APN / Parcel Number

Primary APN	`503201 46.1-6-2.1`
Alternative APN	`320104600100060020010000`

Interior

Units	65 Units
Building Area	80,675 sqft Gross Area
Stories	3 Stories
Fire Sprinklers	The property is equipped with a fire-suppression sprinkler system

Exterior

Year Built	Built 1985
Effective Year Built	Effective 1985
Lot Area	173,369 sqft (3.98 acres)
Canopy Area	1,286 sqft Canopy

Utilities and HVAC

Cooling System	Central Cooling
Heating Fuel	Oil Heating Fuel
Sewage	Municipal Sewage
Water Source	Commercial Water Source

Location & Zoning

Street Address	5 CINEMA DR, 1
City	ITHACA
State	NY
Zip	14850-1634
Property Usage	Commercial Property Usage
Type	Commercial > Retail > Hotel
Legal Block	6
Legal Lot Number	2.001
Jurisdiction	TOMPKINS NY
Minor Civil Division	LANSING
Census Blockgroup	2
Census Block	2002
Census Tract	500

Owner

Source: Tompkins County and Lansing Town records · APN 503201 46.1-6-2.1

Assessment roll updated May 14, 2026 · Last verified May 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Company Names on File
Mailing Address	705 ERIE BLVD W, SYRACUSE, NY 13204-2225
Owner Type	Owner is a Company
Vesting	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Verified Names on Deed
Last Sale	Dec 31, 1997 · Amount on Record
Deed Sale	Dec 31, 1997 · Amount on Record
Deed Book / Page	811 / 166
Record Refreshed	Jun 08, 2026

Tax Assessment & Valuation

Source: Tompkins County and Lansing Town records · Assessment roll updated May 14, 2026 · Last verified May 2026

Property Jurisdictions

Type	Name
State	New York
County	Tompkins County
County Subdivision	Lansing Town
Municipality	Lansing Village
Unified School District	Ithaca City School District (PK - 12)

Tax Bill & Assessment History

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025		$866,666 (-) Land $750,000 Building $116,666	$866,666 (-) Land $750,000 Building $116,666
2023		$866,666 Land $750,000 Building $116,666	$866,666 Land $750,000 Building $116,666
2019	$11,199.00

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Tompkins County (36109C), updated June 17, 2025 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Flood Hazard	Minimal
500-Year Floodplain	No
Special Flood Hazard Area	No

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

Values are read at the parcel center point; lenders make the official flood determination.