2 Rorbach Lane, Geneseo, NY 14454
MULTI_FAMILY - Other - Geneseo, NY
Property Features for 2 Rorbach Lane
General Information
Taxes and HOA fees
Utilities
Amenities
Building Details
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Investment Insights
Based on property information with market context.
Located at 2 Rorbach Lane in Geneseo, the property is within walking distance of Highland Park, SUNY Geneseo, Main Street, restaurants, and shops. Unit 1 received a kitchen and flooring renovation in 2019, while new carpeting was also installed in 2019. Some windows have been updated, and copper plumbing is present.
Key Highlights
- 2,768 square feet with two occupied units
- Unit 1: 4 bedrooms and 1.5 baths
- Unit 2: 5 bedrooms, 1.5 baths, and an attached one‑car garage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $17.40 |
| − Vacancy | −$2.7k | −$0.96 |
| EGI | $45.5k | $16.44 |
| − OpEx | −$13.7k | −$4.93 |
| NOI | $31.9k | $11.51 |
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Trade Area within ½ mile
Demographics for 14454, NY
Market
Vacancy Rate% for Multifamily in Northeast region