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    Four-Unit Building with Restaurant Bar Title is generated by Realmo AI

    1414 Main Street, Niagara Falls, NY 14305

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    For Sale
    $355,000

    MULTI_FAMILY - Niagara Falls, NY

    Property size:
    7,965 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $44/SF
    Added:
    Jul 31, 2025
    Days on Market:
    311
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 1414 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 3, Bedroom 4, Basement, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 4
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    291100-144-062-0002-010-000
    Size
    7,965 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2839

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Vinyl, Varies
    Building materials
    Brick, Frame
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Frank A Pietrangeli

    Listing agent Frank A Pietrangeli License #30PI0692526

    Listing office Hooper Realty 742 Main Street, Niagara Falls, NY

    Listing date Jul 31, 2025

    MLS# B1627220 Listing URL

    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.

    HighLights

    • 4 upper apartments plus a full basement, with 4 furnaces, hot water tanks, and electric meters
    • Main street busy corner location across from the library; parking adjacent and on the corner included in the sale
    • Parking lot included at 1418 Main St (73 x 99); SBL 144.62‑02‑09‑0 (assess value 13,700)
    • Utilities and systems: public water, forced air heating with natural gas, central air cooling, and a gas water heater
    • Construction and roofing: brick and frame construction with an asphalt roof (year built 1920)
    • Potential income could be $6,000/month plus; verbal offers accepted

    Overview

    This multi-family property includes four upper apartments with four furnaces, hot water tanks, and electric meters, along with a full basement. The building also operates as a restaurant space with a full bar and kitchen. Parking adjacent to the building and on the corner is included in the sale.

    The property is described as well exposed on Main Street at a busy corner, across from a library. A lockbox is provided for apartment access only, and the restaurant tenant must be present for showings. The included parking lot is identified as 1418 Main St, with dimensions provided as 73 x 99 (sbl 144.62-02-09-0).

    For buyers looking for a mixed-use arrangement, this setup pairs apartment units with an on-site restaurant/bar space and a full basement for additional support. Showings require coordinating access for the apartment units through the lockbox, while restaurant access depends on tenant availability. Verbal offers have been accepted, and the remarks note potential income could be $6,000 per month plus.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Atmosphere Bar Grill ... Bar & Pub

    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
    -79.052417
    Latitude
    43.102287

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    FAQs

    What type of property is this?
    Quadplex - Mixed-use four-apartment building with a full bar and kitchen plus separate utilities for the upper units.
    Where is this quadplex located?
    The property is located at 1414 Main Street Niagara Falls, NY.
    What is the asking price?
    The asking price for this property is $355,000.
    What are key features of this property?
    This property features: 4 upper apartments plus a full basement, with 4 furnaces, hot water tanks, and electric meters; Main street busy corner location across from the library; parking adjacent and on the corner included in the sale; Parking lot included at 1418 Main St (73 x 99); SBL 144.62‑02‑09‑0 (assess value 13,700)
    (716) 531-3080
    We can help!
    Listing Contact
    Frank A Pietrangeli
    Real Estate License ID: 30PI0692526
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    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.

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