Mixed-Use Building with Fitness
New
For Sale
$649,900
12444 Broadway, Alden, NY 14004
Residential, Alden, NY
Property Size4,680 SF
Lot Size1.10 Acres
Price / SF$138.87
Days on Market2
Property Features for 12444 Broadway
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Basement, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 2
Parking features
Garage
Patio and Porch features
Porch
Interior features
CeilingFans
Appliances
GasWaterHeater
Lot features
Corner Lot, Pie Shaped Lot
Middle school
Alden Middle
High school
Alden Senior High
Elementary school district
Alden
Middle school district
Alden
High school district
Alden
Directions
Sandridge to Broadway
Subdivision
Alden-142089
Standard status
Active
APN
142089-118-000-0003-011-000
Size
4,680 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Annual Amount
5218
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Tile, Varies, Hardwood, Vinyl
Building materials
VinylSiding, CopperPlumbing
Roof type
Asphalt
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
John Gatas · License #10301217315
(716) 218-3146
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 5 at 1:06PM
MLS# B1727027
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,680-square-foot property contains two units: a street-level commercial space configured as a fitness studio and an upper-level apartment with four bedrooms, a living room, and a formal dining room. Separate utilities serve the units. A five-bay garage with additional storage and a porch are also on the property; the building dates to 1920.
The 1.1-acre parcel occupies a corner location at 12444 Broadway in Alden, New York. C-2 zoning is noted, with any proposed commercial use subject to town approval. The property has public water and a septic system.
The 1.1-acre parcel occupies a corner location at 12444 Broadway in Alden, New York. C-2 zoning is noted, with any proposed commercial use subject to town approval. The property has public water and a septic system.
Key Highlights
- Two‑unit mixed‑use building with a commercial fitness studio and four‑bedroom apartment
- 4,680 square feet on a 1.1‑acre corner parcel
- Five‑bay garage with additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,963
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$879,260
$879.3K
Cap Rate 7%
$628,043
$628.0K
Cap Rate 9%
$488,478
$488.5K
Market Conditions
NOI Build-Up for 4,680 SF
Gross rent
$84.2K $18.00/SF
− Vacancy
−$13.9K −$2.97/SF
EGI
$70.3K $15.03/SF
− OpEx
−$26.4K −$5.64/SF
NOI
$44.0K $9.39/SF
Area
Erie County, NY
Vacancy
16.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$879,260
Cap Rate 7%
$628,043
Cap Rate 9%
$488,478
Alternative Uses
Best Use
Mixed Use
$628.0K
$549.5K – $732.7K
NOI $43,963 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$895.2K – $1.19M
NOI $71,615 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 14004, NY
11,583
Population
4,386
Households
2.6
Avg Household Size
47
Median Age
22%
College-Educated
91%
High-School Grad
48.6 sq mi
ZIP Area
238
Density / Sq Mi
$88,011
Median Household Income
$51,981
Median Earnings
$754
Median Rent
$236,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate units pair an existing exercise space with a four-bedroom residence, under C-2 zoning.
Where is this mixed-use property located?
The property is located at 12444 Broadway Alden, NY.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑unit mixed‑use building with a commercial fitness studio and four‑bedroom apartment; 4,680 square feet on a 1.1‑acre corner parcel; Five‑bay garage with additional storage
