For Sale
$224,500
Pending
174 Lockwood Avenue, Buffalo, NY 14220
Duplexes
Property Size2,102 SF
Days on Market56
Property Features for 174 Lockwood Avenue
General Information
Standard status
Pending
Size
2,102 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,122
Building Details
Building Size
2,102 SF
Year Built
1920
Listing Agency:
Keller Williams Realty WNY
Listed By:
Anthony Dubreville · License #10401347097
(716) 374-2594
Source:
Highfallssir
Added: Aug 24
Changed: Oct 12
Last Checked: Oct 16 at 5:45PM
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 Keller Williams Realty WNY
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,211
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,220
$384.2K
Cap Rate 7%
$274,443
$274.4K
Cap Rate 9%
$213,456
$213.5K
Market Conditions
NOI Build-Up for 2,102 SF
Gross rent
$36.6K $17.40/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$34.9K $16.62/SF
− OpEx
−$15.7K −$7.48/SF
NOI
$19.2K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,220
Cap Rate 7%
$274,443
Cap Rate 9%
$213,456
Alternative Uses
Best Use
Multifamily LT 5
$298.0K
$260.7K – $347.6K
NOI $20,857 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$274.4K
$240.1K – $320.2K
NOI $19,211 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$505.5K
$442.3K – $589.7K
NOI $35,384 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 14220, NY
23,959
Population
11,286
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
6,305
Density / Sq Mi
$68,337
Median Household Income
$42,112
Median Earnings
$974
Median Rent
$180,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this duplex located?
The property is located at 174 Lockwood Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $224,500.
