115 Willow St. Lockport, NY 14094
Well-maintained 15-unit multifamily property in Lockport, New York.
Property Features for 115 Willow St.
General Information
- Standard status
- Active
- Size
- 4,672 SF
- Property subtype
- Multifamily
Listing office Greco Real Estate
Listing date May 20, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Greco Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Well‑maintained 15‑unit multifamily property.
- High occupancy rate (93%) indicating strong demand and stable cash flow.
- Desirable unit mix of nine two‑bedroom and six one‑bedroom apartments.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.2k | $15.24 |
| − Vacancy | −$5.0k | −$1.07 |
| EGI | $66.2k | $14.17 |
| − OpEx | −$29.8k | −$6.38 |
| NOI | $36.4k | $7.80 |
