All-Brick Multifamily Corner
49 William Street Tonawanda, NY 14150
49 William Street, Tonawanda, NY, 14150
$899,900
For Sale
$899,900
Well-known all-brick, corner 7-unit multifamily with renovated apartments and upgraded electrical and plumbing.
Property Size13,748 SF
Price / SF$65.46
Days on Market306
Property Features for 49 William Street
General Information
- Standard status
- Active
- Size
- 13,748 SF
- Property subtype
- Multi Family / Other
Building Details
- Year Built
- 1935
Listing agency
716 Realty Group WNY LLC
(716) 266-6691
Listed by
Vincent J Terrana · License #10301216416
(716) 266-6691
Source
Compass
Added: Sep 20, 2025 Updated: Jul 21 at 8:22PM Checked: Jul 21 at 8:22PM
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 716 Realty Group WNY LLC
Investment Insights
Based on property information with market context.
49 William Street is an all-brick corner multifamily building comprising 7 units in a single structure. The property’s unit mix includes two 1-bedroom units, three 2-bedroom units, and two 3-bedroom units, with one 3-bedroom unit spanning three floors and offering two full bathrooms, in-unit laundry, and rear parking plus an additional detached garage. Many units have been renovated, and the building also features a shared laundry room serving six units.
The building is located on the corner of William Street and Fletcher Street in the City of Tonawanda. Recent improvements include a new electrical service and updated plumbing, supporting the property’s current condition.
The offering combines a distinctive, long-established building form with a practical mix of apartment sizes and multiple laundry options, along with rear parking amenities for tenants.
The building is located on the corner of William Street and Fletcher Street in the City of Tonawanda. Recent improvements include a new electrical service and updated plumbing, supporting the property’s current condition.
The offering combines a distinctive, long-established building form with a practical mix of apartment sizes and multiple laundry options, along with rear parking amenities for tenants.
Key Highlights
- All‑brick, corner 7‑unit multifamily on William St and Fletcher St in Tonawanda
- 13,748 SF building built in 1935 with two levels and a full basement
- Unit mix: 2x 1‑bedroom, 3x 2‑bedroom, and 2x 3‑bedroom apartments
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $222.7k | $16.20 |
| − Vacancy | −$78.4k | −$5.70 |
| EGI | $144.3k | $10.50 |
| − OpEx | −$64.9k | −$4.72 |
| NOI | $79.4k | $5.77 |
13,748 SF · lease $16.20/SF/yr · vacancy 35.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$992.2K – $1.32M
NOI $79,377 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,377 @ 7.0% cap · market cap 23.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-known all-brick, corner 7-unit multifamily with renovated apartments and upgraded electrical and plumbing.
Where is this apartment building located?
The property is located at 49 William Street Tonawanda, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: All‑brick, corner 7‑unit multifamily on William St and Fletcher St in Tonawanda; 13,748 SF building built in 1935 with two levels and a full basement; Unit mix: 2x 1‑bedroom, 3x 2‑bedroom, and 2x 3‑bedroom apartments
