Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land in Runaway Bay, Youngstown Title is generated by Realmo AI

    216 Castaway Ct. Lot #16, Youngstown, NY 14174

    View on Map
    Claim this Listing
    For Sale
    $131,000

    LAND - Youngstown, NY

    Lot size:
    0.92 Acres
    Added:
    Jan 1, 2025
    Days on Market:
    504
    Last Refresh:
    May 20 at 8:06 am

    Property Features for 216 Castaway Ct. Lot #16

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Standard status
    Active
    APN
    293489-073-006-0002-016-000
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1260

    Utilities

    Water source
    Public
    Water front features
    Stream, River Access, Beach Access

    We can help!

    Listing Contact
    Cheryl Deal
    Cheryl Deal

    Listing agent Cheryl Deal License #10311205717

    Listing office Deal Realty, Inc. 451 Center Street, Lewiston, NY

    Listing date Jan 1, 2025

    MLS# B1582508 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Direct, drivable golf cart access to the Lower Niagara River.
    • Opportunity to own a private dock licensed to your home.
    • Enjoy exclusive amenities including a beach, kayak racks, riverfront patio, and boat house with restrooms and kitchen.
    • Sweeping water views and peaceful sunsets overlooking Canada.
    • Conveniently located minutes from Lewiston, Youngstown, the thruway, parks, trails, restaurants, and theatre.
    • HOA includes landscaping, lighting in common areas, and full maintenance of all amenities.

    Overview

    This 0.9198-acre land lot is located in the Runaway Bay development in Youngstown, NY. The property offers an opportunity to build a home with direct, drivable golf cart access to the Lower Niagara River. Residents have access to amenities including private docks licensed to their homes, a beach, kayak racks, a riverfront patio, and a boathouse with restrooms and a kitchen. The location provides water views and sunsets overlooking Canada, and is located minutes from the Villages of Lewiston and Youngstown, the thruway, parks, trails, restaurants, and theatre. The HOA-governed neighborhood includes landscaping and lighting in common areas, along with maintenance of the amenities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Youngstown
    County
    Niagara
    State
    New York
    Longitude
    -79.047577
    Latitude
    43.222582

    Nearby Similar for Sale

    • $315,000
      7,866 SF

      Versatile Commercial Building Near Niagara River

      Multi-use commercial building with bar, kitchen, and banquet hall.
      418 Main Street, Youngstown, NY 14174
      View Details
    • $99,900

      Vacant Lot in Youngstown, NY

      Vacant lot near Niagara River in desirable Youngstown, NY.
      Water Street, Youngstown, NY 14174
      View Details
    • $150,000

      Land For Sale, Youngstown, NY

      Commercial land available in Youngstown, NY.
      420 Main Street, Youngstown, NY 14174
      View Details
    • $1,350,000

      Waterfront Mixed-Use Investment Opportunity

      Mixed-use property with storefronts, apartments, and boat slips.
      555 Water St, Porter, NY 14174
      View Details
    • $275,000

      Commercial Storefront with Income Potential

      Well-maintained commercial storefront with high ceilings and hardwood floors.
      113 Lockport St, Youngstown, NY 14174
      View Details
    • $32,000
      31,546 SF

      Youngstown Land Subdivision Opportunity

      Subdividable land parcel for custom home construction in Youngstown, NY.
      981 Swann Road, Youngstown, NY 14174
      View Details
    • $105,500

      Land in Runaway Bay, Youngstown

      Residential land with access to Lower Niagara River amenities.
      212 Dockside Dr. Lot #14, Youngstown, NY 14174
      View Details
    • $91,200

      Residential Land in Waterfront Community

      Land for dream home with exclusive waterfront amenities in Youngstown.
      208 Dockside Dr. Lot #15, Youngstown, NY 14174
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with access to Niagara River amenities.
    Where is this residential land & home lot located?
    The property is located at 216 Castaway Ct. Lot #16 Youngstown, NY.
    What is the asking price?
    The asking price for this property is $131,000.
    What are key features of this property?
    This property features: Direct, drivable golf cart access to the Lower Niagara River.; Opportunity to own a private dock licensed to your home.; Enjoy exclusive amenities including a beach, kayak racks, riverfront patio, and boat house with restrooms and kitchen.
    (716) 940-0548
    We can help!
    Listing Contact
    Cheryl Deal
    Cheryl Deal
    Real Estate License ID: 10311205717
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    216 Castaway Ct. Lot #16, Youngstown, NY 14174
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!