Three-Unit Multifamily
New
For Sale
$199,900
202 Van Buren St, Newark, NY 14513
Triplex with separately metered utilities and shared water service for streamlined management.
Property Size2,264 SF
Days on Market3
Property Features for 202 Van Buren St
General Information
Standard status
Active
Size
2,264 SF
Property subtype
Multi Family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,765
Building Details
Building Size
2,264 SF
Year Built
1900
Stories
2
Units
3
Listing Agency:
(585) 895-2222
Listed By:
Keith B. Larwood
(585) 895-2222
Source:
Elliman
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 9:23AM
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 Keith B. Larwood
Investment Insights
Based on property information with market context.
This three-unit residential income property, built in 1900, is configured as a triplex with separate utilities serving each unit. Water is the only shared utility identified, providing a straightforward operating setup for the property.
Located at 202 Van Buren St in Arcadia, New York, the property has a Walk Score of 23 and a Bike Score of 29, reflecting a car-dependent setting with some bike accessibility. The three-unit format provides a defined multifamily configuration for continued ownership or portfolio expansion.
Located at 202 Van Buren St in Arcadia, New York, the property has a Walk Score of 23 and a Bike Score of 29, reflecting a car-dependent setting with some bike accessibility. The three-unit format provides a defined multifamily configuration for continued ownership or portfolio expansion.
Key Highlights
- Three‑unit triplex configuration
- Separate utilities for each unit
- Water service is shared between units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,030
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$340,600
$340.6K
Cap Rate 7%
$243,286
$243.3K
Cap Rate 9%
$189,222
$189.2K
Market Conditions
NOI Build-Up for 2,264 SF
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.
Gross rent
$35.3K $15.60/SF
− Vacancy
−$4.4K −$1.92/SF
EGI
$31.0K $13.68/SF
− OpEx
−$13.9K −$6.15/SF
NOI
$17.0K $7.52/SF
Area
Wayne County, NY
Vacancy
12.33%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$340,600
Cap Rate 7%
$243,286
Cap Rate 9%
$189,222
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.4K – $321.8K
NOI $19,309 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$243.3K
$212.9K – $283.8K
NOI $17,030 @ 7.0% cap · market cap 8.52%
Theoretical Best
Office A
$609.9K
$533.7K – $711.5K
NOI $42,692 @ 7.0% cap · market cap 21.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 14513, NY
13,459
Population
6,202
Households
2.2
Avg Household Size
44
Median Age
19%
College-Educated
89%
High-School Grad
45.2 sq mi
ZIP Area
298
Density / Sq Mi
$61,117
Median Household Income
$37,790
Median Earnings
$1,027
Median Rent
$133,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with separately metered utilities and shared water service for streamlined management.
Where is this triplex located?
The property is located at 202 Van Buren St Newark, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three‑unit triplex configuration; Separate utilities for each unit; Water service is shared between units
