Commercially Zoned
For Sale
$474,900
40 Princeton Pl, Orchard Park, NY 14127
Three-unit property with dual driveways and a finished basement featuring recreation rooms and a full bathroom.
Property Size3,176 SF
Price / SF$149.53
Days on Market65
Property Features for 40 Princeton Pl
General Information
Standard status
Active
Size
3,176 SF
Property subtype
Multi-Family
Zoning
COMMERCIAL
Amenities
finished basement
recreation rooms
full bathroom
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Exchange Real Estate Inc.
Listed By:
Robert A Ploch · License #10311205945
(716) 479-4622
Source:
Thejoshjamesteam
Added: Aug 12
Changed: Oct 7
Last Checked: Oct 7 at 2:12PM
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 Exchange Real Estate Inc.
Investment Insights
Based on property information with market context.
This three-unit property, built in 1950, includes two driveways for on-site parking access. The finished basement adds two large recreation rooms and a full bathroom, expanding the usable interior beyond the primary living areas.
Located in the Village of Orchard Park, the property is associated with Orchard Park Schools and carries commercial zoning. The source information identifies potential office, retail, and art studio applications in addition to its existing three-unit configuration.
Located in the Village of Orchard Park, the property is associated with Orchard Park Schools and carries commercial zoning. The source information identifies potential office, retail, and art studio applications in addition to its existing three-unit configuration.
Key Highlights
- Three‑unit property in the Village of Orchard Park
- Commercial zoning with office, retail, and art studio possibilities
- Two driveways provide on‑site parking access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,421
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,420
$408.4K
Cap Rate 7%
$291,729
$291.7K
Cap Rate 9%
$226,900
$226.9K
Market Conditions
NOI Build-Up for 3,176 SF
Gross rent
$43.8K $13.80/SF
− Vacancy
−$14.7K −$4.61/SF
EGI
$29.2K $9.19/SF
− OpEx
−$8.8K −$2.76/SF
NOI
$20.4K $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%
$408,420
Cap Rate 7%
$291,729
Cap Rate 9%
$226,900
Alternative Uses
Best Use
Multifamily LT 5
$291.7K
$255.3K – $340.4K
NOI $20,421 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$262.0K
$229.2K – $305.6K
NOI $18,337 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
Explore this area
Business Placement
Demographics for 14127, NY
30,565
Population
13,412
Households
2.3
Avg Household Size
46
Median Age
53%
College-Educated
98%
High-School Grad
40.7 sq mi
ZIP Area
751
Density / Sq Mi
$106,071
Median Household Income
$59,902
Median Earnings
$1,196
Median Rent
$328,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with dual driveways and a finished basement featuring recreation rooms and a full bathroom.
Where is this triplex located?
The property is located at 40 Princeton Pl Orchard Park, NY.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Three‑unit property in the Village of Orchard Park; Commercial zoning with office, retail, and art studio possibilities; Two driveways provide on‑site parking access
