Furnished Multifamily
For Sale
$110,000
2906 Pine Ave, Niagara Falls, NY 14301
Furniture conveys with the sale, excluding the washer and dryer; the property is sold strictly AS IS.
Property Size1,152 SF
Days on Market13
Property Features for 2906 Pine Ave
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Multi Family
Additional Details
Furnished
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,347
Building Details
Building Size
1,152 SF
Year Built
1929
Stories
2
Units
1
Listing Agency:
Keller Williams Realty Buffalo Northtowns
(347) 573-6358
Listed By:
Md Kashem Hossain · License #10401388714
(347) 573-6358
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 19 at 8:23AM
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 Keller Williams Realty Buffalo Northtowns
Investment Insights
Based on property information with market context.
This multifamily property at 2906 Pine Ave in Niagara Falls, NY, was built in 1929. Furniture is included with the sale, while the washer and dryer are excluded. The property is offered strictly AS IS.
The setting provides proximity to schools, shopping, dining, and local attractions. Walk Score is 66, classified as Somewhat Walkable; Bike Score is 54, classified as Bikeable; and Transit Score is 29, indicating Some Transit.
The setting provides proximity to schools, shopping, dining, and local attractions. Walk Score is 66, classified as Somewhat Walkable; Bike Score is 54, classified as Bikeable; and Transit Score is 29, indicating Some Transit.
Key Highlights
- Furniture included with sale; washer and dryer excluded
- Property sold strictly AS IS
- Built in 1929
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
$8,980
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
8.16%
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%
$179,600
$179.6K
Cap Rate 7%
$128,286
$128.3K
Cap Rate 9%
$99,778
$99.8K
Market Conditions
NOI Build-Up for 1,152 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
$17.6K $15.24/SF
− Vacancy
−$1.2K −$1.07/SF
EGI
$16.3K $14.17/SF
− OpEx
−$7.3K −$6.38/SF
NOI
$9.0K $7.80/SF
Area
Niagara County, NY
Vacancy
7.00%
Lease Rate
$15.24 /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%
$179,600
Cap Rate 7%
$128,286
Cap Rate 9%
$99,778
Alternative Uses
Best Use
Apartment 5plus
$128.3K
$112.3K – $149.7K
NOI $8,980 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$978.9K
$856.5K – $1.14M
NOI $68,520 @ 7.0% cap · market cap 62.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 14301, NY
12,618
Population
7,285
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
2.1 sq mi
ZIP Area
6,009
Density / Sq Mi
$37,650
Median Household Income
$32,909
Median Earnings
$722
Median Rent
$79,200
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?
Multifamily property - Furniture conveys with the sale, excluding the washer and dryer; the property is sold strictly AS IS.
Where is this multifamily property located?
The property is located at 2906 Pine Ave Niagara Falls, NY.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Furniture included with sale; washer and dryer excluded; Property sold strictly AS IS; Built in 1929
