Two-Unit Brick
New
For Sale
$349,900
24 Jeffrey Dr, Cheektowaga, NY 14043
Both residences include kitchen appliances, separate utilities, and water and exterior maintenance within the rent.
Property Size2,068 SF
Days on Market6
Property Features for 24 Jeffrey Dr
General Information
Standard status
Active
Size
2,068 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,574
Building Details
Building Size
2,068 SF
Year Built
1969
Buildings
1
Stories
2
Units
2
Construction
Brick/Vinyl
Tenancy
Multi
Listed By:
Mark Doldan
(716) 553-3055
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 9:46PM
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 Mark Doldan
Investment Insights
Based on property information with market context.
This duplex contains two residences, each with three bedrooms, one and a half bathrooms, a living room, and kitchen appliances. The brick and vinyl building was constructed in 1969, and each unit has its own utilities.
Both tenancies are month to month. Water and exterior maintenance are included in the rent for each unit.
Both tenancies are month to month. Water and exterior maintenance are included in the rent for each unit.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 baths
- Brick and vinyl exterior
- Built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,297
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,940
$265.9K
Cap Rate 7%
$189,957
$190.0K
Cap Rate 9%
$147,744
$147.7K
Market Conditions
NOI Build-Up for 2,068 SF
Gross rent
$28.5K $13.80/SF
− Vacancy
−$9.5K −$4.61/SF
EGI
$19.0K $9.19/SF
− OpEx
−$5.7K −$2.76/SF
NOI
$13.3K $6.43/SF
Area
Erie County, NY
Vacancy
33.44%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,940
Cap Rate 7%
$189,957
Cap Rate 9%
$147,744
Alternative Uses
Best Use
Multifamily LT 5
$190.0K
$166.2K – $221.6K
NOI $13,297 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$170.6K
$149.3K – $199.0K
NOI $11,940 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$452.1K
$395.6K – $527.4K
NOI $31,645 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 14043, NY
24,962
Population
11,743
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
2,743
Density / Sq Mi
$73,373
Median Household Income
$50,263
Median Earnings
$1,072
Median Rent
$192,800
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?
Duplex - Both residences include kitchen appliances, separate utilities, and water and exterior maintenance within the rent.
Where is this duplex located?
The property is located at 24 Jeffrey Dr Cheektowaga, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1.5 baths; Brick and vinyl exterior; Built in 1969
