Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Tonawanda Multifamily Property for Sale Title is generated by Realmo AI

    32 E Hazeltine Ave, Tonawanda, NY 14217

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $289,000

    Multifamily property available in Tonawanda, NY.

    Type:Multi Family
    Lot size:
    0.10 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    179
    Last Refresh:
    May 10 at 10:55 pm

    Property Features for 32 E Hazeltine Ave

    General Information

    Standard status
    Active
    Lot size
    0.10 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    David White

    Listing agent David White License #REB.0792976

    Listing office OwnerEntry.com

    Listing date Nov 27, 2025

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of OwnerEntry.com

    HighLights

    • Multifamily property in a desirable location.
    • Located in Tonawanda, NY, offering convenient access to local amenities.
    • Built in 1920, presenting an opportunity for renovation or restoration.

    Overview

    A multifamily property is available for sale. The property is located in Tonawanda, NY.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.8710123
    Latitude
    42.9592285

    Nearby Similar for Sale

    • $325,000
      5,608 SF

      Tonawanda Commercial Building For Sale

      Fully occupied commercial building with retail and office space.
      67 Main Street, Tonawanda, NY 14150
      View Details
    • $289,900
      1,636 SF

      Tonawanda Duplex with Guaranteed Income

      Renovated duplex in central location with tenant and guaranteed income.
      938 Highland Avenue, Tonawanda, NY 14223
      View Details
    • $799,000
      28,368 SF

      Historic Tonawanda Buildings Package Deal

      Two historic buildings in a walkable community, ideal for redevelopment.
      76 Adam Street, Tonawanda, NY 14150
      View Details
    • $189,900
      2,044 SF

      Tonawanda Multi-Unit Income Property

      Well-maintained triplex with income potential in a desirable location.
      38 Morgan Street, Tonawanda, NY 14150
      View Details
    • $500,000
      57,000 SF

      Tonawanda Manufacturing Redevelopment Opportunity

      57,000 SF building on 12.65 acres near major routes.
      1740 Military Road, Tonawanda, NY 14150
      View Details
    • $895,000
      4,500 SF

      Retail Building with Warehouse Space

      4500 SF retail building with warehouse and modern updates.
      1376 Niagara Falls Blvd., Tonawanda, NY 14150
      View Details
    • $495,000
      5,600 SF

      Freestanding Tonawanda Warehouse with Office

      Warehouse with Class A office space, abundant parking, outside storage.
      594 Sheridan Drive, Tonawanda, NY 14150
      View Details
    • $399,900

      Tonawanda Commercial Property on Broad

      Versatile commercial property in high-traffic area, suitable for various uses.
      123 Broad St, Tonawanda, NY 14150
      View Details
    • $1,850,000
      11,200 SF

      23-Unit Ghost Kitchen For Sale

      23-unit ghost kitchen for sale or master lease.
      1516 Military, Tonawanda, NY 14217
      View Details
    • $1,500,000
      12,400 SF

      Office/Retail/Medical Building with Warehouse

      Office/Retail/Medical building with detached warehouse for sale or lease.
      1770 Colvin Blvd and 451 Northwood Drive, Tonawanda, NY 14223
      View Details
    • $109,900

      Kenmore Avenue Commercial Building

      Commercial building with office layout and parking in Kenmore.
      1189 Kenmore Ave, Tonawanda, NY 14217
      View Details
    • $1,500,000

      Tonawanda Industrial Property For Sale

      Three buildings on 2.8 acres near downtown Tonawanda.
      131 Fillmore Avenue, Tonawanda, NY 14150
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property available in Tonawanda, NY.
    Where is this multifamily property located?
    The property is located at 32 E Hazeltine Ave Tonawanda, NY.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: Multifamily property in a desirable location.; Located in Tonawanda, NY, offering convenient access to local amenities.; Built in 1920, presenting an opportunity for renovation or restoration.
    (617) 542-9300
    We can help!
    Listing Contact
    David White
    Real Estate License ID: REB.0792976
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    32 E Hazeltine Ave, Tonawanda, NY 14217
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!