2900 Gerry Ellington Rd, Gerry, NY 14740

Building Details

Year Built

1960

Listing office h***@yahoo.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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Overview

This multifamily property offers a 7.9% cap rate and immediate cash flow. The well-maintained asset provides stable income, making it an addition to any investor’s portfolio. The property features multiple units with strong occupancy and consistent rental history. Units are well-kept with functional layouts that appeal to long-term tenants. Located in a desirable rental corridor near major employers, transportation, shopping, and everyday amenities, this property benefits from steady tenant demand and long-term appreciation potential. The property is ideal for both seasoned investors and those looking to expand their multifamily holdings with a cash-flowing asset in a high-demand area.

Suggested Use

Hair Salon Nail Salon Grocery & Convenience Store Nursing Home Spa & Massage Center Law Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Gerry

County

Chautauqua

State

New York

Longitude

-79.2478

Latitude

42.195

FAQs

What type of property is this?

Multifamily property - Turnkey multifamily property with a strong 7.9% cap rate.

Where is this multifamily property located?

The property is located at 2900 Gerry Ellington Rd Gerry, NY.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Strong 7.9% Cap Rate; Turnkey Property with Immediate Cash Flow; Located in a Desirable Rental Corridor near Amenities and Major Employers