Building Details

Building Size 3,728 SF

Year Built 1880

Buildings 1

Construction brick and stone

Listing Agency: Rochester Office

Listed By: Lindsey Latorre Show Phone

Source: Pyramidbrokerage

Added: May 14 Changed: Oct 1 Last Checked: Oct 16 at 5:42AM

Report an Issue

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 Rochester Office

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Located at 2 White St in Holley, NY, this 3,728 SF apartment building occupies a distinctive 1880 brick-and-stone structure with a clock tower. The property contains six residential units: five two-bedroom apartments and one one-bedroom apartment. All units are leased month-to-month.

Recent improvements include updated kitchens, a new roof, a replacement entry door, and all new windows. Ten on-site parking spaces serve the building. The property fronts the Route 31 corridor at the intersection of White Street and Route 31, approximately 30 miles west of Rochester in Orleans County, with access to regional traffic between Rochester and Niagara County.

Key Highlights

• Six‑unit multifamily property with five two‑bedroom units and one one‑bedroom unit
• 3,728 SF building at 2 White St, Holley, NY
• Historic 1880 brick‑and‑stone structure with clock tower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,243

Cap Rate

6.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$764,860 $764.9K

Cap Rate 7%

$546,329 $546.3K

Cap Rate 9%

$424,922 $424.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,728 SF

Gross rent

$73.8K $19.80/SF

− Vacancy

−$4.3K −$1.15/SF

EGI

$69.5K $18.65/SF

− OpEx

−$31.3K −$8.39/SF

NOI

$38.2K $10.26/SF

Area

Orleans County, NY

Vacancy

5.80%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$764,860

Cap Rate 7%

$546,329

Cap Rate 9%

$424,922

Alternative Uses

Best Use

Apartment 5plus

$546.3K

$478.0K – $637.4K (±1% cap)

NOI $38,243 @ 7.0% cap · market cap 6.95%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.02M

$893.6K – $1.19M (±1% cap)

NOI $71,488 @ 7.0% cap · market cap 13.00%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Churches & religious facilities

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Dental Office Auto Parts Store 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

6

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

126

Businesses Nearby

Explore this area Business Placement

Demographics for 14470, NY

7,648

Population

3,436

Households

2.2

Avg Household Size

45

Median Age

20%

College-Educated

92%

High-School Grad

65.1 sq mi

ZIP Area

117

Density / Sq Mi

$63,201

Median Household Income

$45,538

Median Earnings

$775

Median Rent

$139,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Two-Unit Duplex

Holley, NY 14470

$145,000

View details

Two-Unit Duplex

Holley, NY 14470

$145,000

View details

Refrigerated Cold Storage Facility

88 Cadbury Wy, Holley, NY 14470

Contact for pricing

72,000 SF

View details

Frequently Asked Questions

What type of property is this?

Apartment building - Brick-and-stone multifamily property with updated kitchens, renewed windows, and month-to-month residential leases.

Where is this apartment building located?

The property is located at 2 White St Holley, NY.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Six‑unit multifamily property with five two‑bedroom units and one one‑bedroom unit; 3,728 SF building at 2 White St, Holley, NY; Historic 1880 brick‑and‑stone structure with clock tower