Multifamily Home with
For Sale
$335,000
4812 Bay View Rd, Hamburg, NY 14075
Renovated kitchen and bathrooms complement a full basement and covered front porch.
Property Size2,080 SF
Days on Market8
Property Features for 4812 Bay View Rd
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,027
Amenities
covered front porch
two car garage
yard
Building Details
Building Size
2,080 SF
Year Built
1936
Buildings
1
Stories
2
Units
2
Listed By:
Gale S O'Neill
(716) 997-9179
Source:
Elliman
Added: Sep 24
Changed: Oct 1
Last Checked: Oct 1 at 12:17PM
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 Gale S O'Neill
Investment Insights
Based on property information with market context.
This multifamily property has a renovated kitchen and bathrooms, fresh paint, new flooring and lighting, and a full basement. The home also includes a covered front porch, yard, and two-car garage, with a separate parking area for tenants. It can also be used as a single-family home.
Mechanical and exterior updates include a high-efficiency boiler installed in 2003, hot water tank from 2008, electrical service panel from 2007, and roof and gutters updated in 2015. The siding dates to 2007.
Mechanical and exterior updates include a high-efficiency boiler installed in 2003, hot water tank from 2008, electrical service panel from 2007, and roof and gutters updated in 2015. The siding dates to 2007.
Key Highlights
- Renovated kitchen and bathrooms, with fresh paint, new flooring, and updated lighting
- Separate parking area for tenants
- Two‑car garage, covered front porch, yard, and full basement
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
$12,009
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
3.58%
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%
$240,180
$240.2K
Cap Rate 7%
$171,557
$171.6K
Cap Rate 9%
$133,433
$133.4K
Market Conditions
NOI Build-Up for 2,080 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
$33.7K $16.20/SF
− Vacancy
−$11.9K −$5.70/SF
EGI
$21.8K $10.50/SF
− OpEx
−$9.8K −$4.72/SF
NOI
$12.0K $5.77/SF
Area
Erie County, NY
Vacancy
35.20%
Lease Rate
$16.20 /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%
$240,180
Cap Rate 7%
$171,557
Cap Rate 9%
$133,433
Alternative Uses
Best Use
Apartment 5plus
$171.6K
$150.1K – $200.2K
NOI $12,009 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.7K
$397.9K – $530.5K
NOI $31,829 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 14075, NY
44,053
Population
20,164
Households
2.2
Avg Household Size
46
Median Age
38%
College-Educated
96%
High-School Grad
39.4 sq mi
ZIP Area
1,118
Density / Sq Mi
$82,083
Median Household Income
$50,934
Median Earnings
$1,129
Median Rent
$246,100
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?
Multifamily property - Renovated kitchen and bathrooms complement a full basement and covered front porch.
Where is this multifamily property located?
The property is located at 4812 Bay View Rd Hamburg, NY.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Renovated kitchen and bathrooms, with fresh paint, new flooring, and updated lighting; Separate parking area for tenants; Two‑car garage, covered front porch, yard, and full basement
