6-Unit Apartment
For Sale
$569,900
366 Goundry Street, North Tonawanda, NY 14120
The fully occupied property includes studio, one-bedroom, and two-bedroom residences with month-to-month tenancies.
Property Size6,399 SF
Price / SF$89.06
Days on Market67
Property Features for 366 Goundry Street
General Information
Standard status
Active
Size
6,399 SF
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
6
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,695
Amenities
Blacktop Driveway
Building Details
Building Size
6,399 SF
Year Built
1930
Stories
3
Units
6
Listing Agency:
Network One Realty
(716) 874-3530
Listed By:
Michael F Battaglia · License #10371200173
(716) 310-9871
Source:
Franzese-realestate
Added: Aug 20
Changed: Oct 23
Last Checked: Oct 23 at 1:29PM
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 Network One Realty
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Investment Insights
Based on property information with market context.
This 1930 apartment property contains six residences in studio, one-bedroom, and two-bedroom layouts. Each unit has a full bathroom and kitchen appliances. All six units are occupied under month-to-month tenancies. Five units have separate utilities; utilities for the studio are included.
At 366 Goundry Street in North Tonawanda, the property is in an established residential area near the downtown district. Shopping, dining, parks, the Niagara River, public transportation, and major roadways are among the nearby amenities and connections.
At 366 Goundry Street in North Tonawanda, the property is in an established residential area near the downtown district. Shopping, dining, parks, the Niagara River, public transportation, and major roadways are among the nearby amenities and connections.
Key Highlights
- Six residential units with studio, one‑bedroom, and two‑bedroom layouts
- All units occupied under month‑to‑month tenancies
- Five units have separate utilities; utilities are included for the studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,882
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,640
$997.6K
Cap Rate 7%
$712,600
$712.6K
Cap Rate 9%
$554,244
$554.2K
Market Conditions
NOI Build-Up for 6,399 SF
Gross rent
$97.5K $15.24/SF
− Vacancy
−$6.8K −$1.07/SF
EGI
$90.7K $14.17/SF
− OpEx
−$40.8K −$6.38/SF
NOI
$49.9K $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 Rate 5%
$997,640
Cap Rate 7%
$712,600
Cap Rate 9%
$554,244
Alternative Uses
Best Use
Apartment 5plus
$712.6K
$623.5K – $831.4K
NOI $49,882 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.44M
$4.76M – $6.34M
NOI $380,605 @ 7.0% cap · market cap 66.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 14120, NY
44,538
Population
20,367
Households
2.2
Avg Household Size
45
Median Age
30%
College-Educated
94%
High-School Grad
32.6 sq mi
ZIP Area
1,366
Density / Sq Mi
$76,608
Median Household Income
$47,014
Median Earnings
$932
Median Rent
$205,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The fully occupied property includes studio, one-bedroom, and two-bedroom residences with month-to-month tenancies.
Where is this apartment building located?
The property is located at 366 Goundry Street North Tonawanda, NY.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Six residential units with studio, one‑bedroom, and two‑bedroom layouts; All units occupied under month‑to‑month tenancies; Five units have separate utilities; utilities are included for the studio
