Building Details

Building Size 2,604 SF

Year Built 1890

Listing Agency: Howard Hanna WNY Inc.

Listed By: James P Covelli · License #40CO1013253 Show Phone

Source: Highfallssir

Added: Aug 28 Changed: Oct 8 Last Checked: Oct 16 at 4:22PM

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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 Howard Hanna WNY Inc.

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Investment Insights

Based on property information with market context.

This two-unit property includes a larger lower residence with an eat-in kitchen, breakfast bar, pantry nook, formal dining room, expansive living room, updated full bath, three bedrooms, fireplace-equipped family room, front porch, and entry mudroom. The upper residence provides a modern kitchen, full bath, dining room, living room, two bedrooms, and its own front porch. Both units have separate entrances, driveways, and utilities.

An attached 2.5-car garage includes a sizable bonus storage room, while a newer shed and fully fenced side yard add practical outdoor storage and usable exterior space. Updates include windows, flooring, doors, paint, a furnace installed in 2023, and AC installed in 2023. Built in 1890, the property is located at 160 Como Park Boulevard in Cheektowaga, NY.

Key Highlights

• Two‑unit property with separate entrances, driveways, and utilities
• Lower residence includes three bedrooms, fireplace‑equipped family room, formal dining room, and eat‑in kitchen
• Upper residence offers two bedrooms, modern kitchen, full bath, dining room, and front porch

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,743

Cap Rate

6.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,860 $334.9K

Cap Rate 7%

$239,186 $239.2K

Cap Rate 9%

$186,033 $186.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,604 SF

Gross rent

$35.9K $13.80/SF

− Vacancy

−$12.0K −$4.61/SF

EGI

$23.9K $9.19/SF

− OpEx

−$7.2K −$2.76/SF

NOI

$16.7K $6.43/SF

Area

Erie County, NY

Vacancy

33.44%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,860

Cap Rate 7%

$239,186

Cap Rate 9%

$186,033

Alternative Uses

Best Use

Multifamily LT 5

$239.2K

$209.3K – $279.1K (±1% cap)

NOI $16,743 @ 7.0% cap · market cap 6.09%

Second Best

Apartment 5plus

$214.8K

$187.9K – $250.6K (±1% cap)

NOI $15,035 @ 7.0% cap · market cap 5.47%

Theoretical Best

Office A

$569.2K

$498.1K – $664.1K (±1% cap)

NOI $39,847 @ 7.0% cap · market cap 14.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Big Box & Wholesale Store Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

215

Businesses Nearby

Explore this area Business Placement

Demographics for 14227, NY

23,130

Population

10,476

Households

2.2

Avg Household Size

48

Median Age

26%

College-Educated

95%

High-School Grad

8.2 sq mi

ZIP Area

2,821

Density / Sq Mi

$67,349

Median Household Income

$46,627

Median Earnings

$1,084

Median Rent

$190,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two separately accessed units offer distinct kitchens, baths, driveways, and utility arrangements.

Where is this duplex located?

The property is located at 160 Como Park Boulevard Cheektowaga, NY.

What is the asking price?

The asking price for this property is $274,900.

What are key features of this property?

This property features: Two‑unit property with separate entrances, driveways, and utilities; Lower residence includes three bedrooms, fireplace‑equipped family room, formal dining room, and eat‑in kitchen; Upper residence offers two bedrooms, modern kitchen, full bath, dining room, and front porch