Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    343 24Th St Niagara Falls, NY 14303

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $419,900

    Two meticulously maintained buildings with limitless possibilities for various uses.

    Lot size:
    1.21 Acres

    Property Features for 343 24Th St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.21 Acres

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Alisa M Talarico
    Source: Elliman

    Listing Agency: Century 21 North East Listing Agent: Alisa M Talarico

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

    Learn more

    Overview

    Turn-Key Church and Rectory

    This property features two buildings in excellent condition, suitable for various uses including housing, schooling, daycare, or apartments. Currently used as a church and rectory, the church building boasts immaculate woodwork, stained glass, and updated amenities. A new roof was installed in 2018, and the HVAC system was updated in 2015. The rectory includes numerous bedrooms and bathrooms, a commercial kitchen area, a conference area, and a first-floor laundry. Multiple half and full bathrooms are located on all floors, along with ample storage space. A three-car garage and multiple parking spaces are available, with concrete driveways. The second building is suitable for schooling, daycare, or use as a hall for parties and functions. It features a fully functional commercial kitchen space and cafeteria area. Half bathrooms are located on the ground level and second floor. The second floor includes classrooms, office areas, and four restrooms. The property is located in Niagara Falls, NY.
    Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.0326992
    Latitude
    43.0881601

    Nearby Similar for Sale

    • New
      $540,000
      1,196 SF

      Turnkey Restaurant Near Niagara Falls

      Established restaurant with high traffic, fully equipped and ready.
      610 Main St, Niagara Falls, NY 14301
      View Details
    • $735,000
      5,600 SF

      Niagara Falls Commercial Investment Opportunity

      Fully leased commercial building with warehouse and office space.
      1410 Pine Ave, Niagara Falls, NY 14301
      View Details
    • $799,000
      12,512 SF

      Niagara Falls Warehouse and Office

      12,500 SF warehouse with office space and vacant lots.
      1717 Mackenna Ave, Niagara Falls, NY 14303
      View Details
    • $324,900
      2,356 SF

      Niagara Falls Auto Body Shop

      Turn-key auto body repair shop with fenced parking.
      2514 Pine Ave, Niagara Falls, NY 14301
      View Details
    • $289,900
      1,538 SF

      Niagara Falls Professional Office Space

      Highly visible corner office building with multiple offices and amenities.
      2121 Sawyer Dr, Niagara Falls, NY 14304
      View Details
    • New
      $235,000
      6,012 SF

      Niagara Falls Multifamily Investment Property

      Four-unit property with immediate rental income potential in Niagara Falls.
      1158 Ontario Ave, Niagara Falls, NY 14305
      View Details
    • New
      $199,000
      1,920 SF

      Updated Niagara Falls Double Unit

      Recently updated double unit in Niagara Falls short-term rental zone.
      466 24Th St, Niagara Falls, NY 14303
      View Details
    • $159,900
      2,100 SF

      Niagara Falls Multifamily Investment Opportunity

      Full-brick multifamily property with income and value-add potential.
      1727 Ferry Ave, Niagara Falls, NY 14301
      View Details
    • $169,000
      1,858 SF

      Niagara Falls Two-Family Home

      Well-maintained two-family home with recent updates and strong income potential.
      2247 Grand Ave, Niagara Falls, NY 14301
      View Details
    • $160,000
      1,536 SF

      Niagara Falls Multi-Family Property

      Multi-family property near Niagara Falls, suitable for short-term rentals.
      1726 Elmwood Ave, Niagara Falls, NY 14301
      View Details
    • $109,900
      2,080 SF

      Niagara Falls Duplex with Potential

      Two-unit property near attractions, ideal for rental or Airbnb.
      563 Tronolone Pl, Niagara Falls, NY 14301
      View Details
    • $159,000
      Pending

      Niagara Falls Brick Multi-Family

      Two-unit multi-family near Niagara Falls and Hyde Park.
      2459 La Salle Ave, Niagara Falls, NY 14301
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Two meticulously maintained buildings with limitless possibilities for various uses.
    Where is this church & religious facility located?
    The property is located at 343 24Th St Niagara Falls, NY.
    What is the asking price?
    The asking price for this property is $419,900.
    What are key features of this property?
    This property features: - Two meticulously maintained buildings with diverse potential uses.; - Pristine church building featuring immaculate woodwork and stained glass.; - Updated infrastructure: new roof (2018) and updated HVAC (2015).
    (716) 754-9963
    Request Owner's contact information
    343 24Th St Niagara Falls, NY 14303
    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.
    343 24Th St
    Niagara Falls, NY 14303
    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
    343 24Th St Niagara Falls, NY 14303
    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

    We can help!
    Listing Contact
    Alisa M Talarico
    (716) 754-9963 (716) 990-5656 (603) 893-8230
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!