23-Unit One-Bedroom Apartment
For Sale
Contact for pricing
5724 Glendale Dr, Lockport, NY 14094
Multifamily property with on-site parking and coin-operated laundry facilities.
Property Size12,936 SF
Price / SF$115.57
Days on Market195
Property Features for 5724 Glendale Dr
General Information
Standard status
Active
Size
12,936 SF
Class
B
Property subtype
Multifamily
Zoning
multi
Occupancy
95%
Units
Unit Mix
23 x 1BR
Multifamily Units
23
Additional Details
Road Access
Yes
Amenities
coin-operated laundry facilities
Building Details
Year Built
1990
Buildings
1
Stories
2
Units
23
Listing Agency:
Greco Real Estate
Listed By:
Chris Greco · License #10491210541
(716) 570-7600
Source:
Crexi
Added: Apr 6
Changed: Oct 4
Last Checked: Oct 16 at 7:39AM
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 Greco Real Estate
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Investment Insights
Based on property information with market context.
Ashwood is a 23-unit apartment property comprising exclusively one-bedroom residences within a 12,936-square-foot multifamily building completed in 1990. The property includes on-site parking and coin-operated laundry facilities, providing practical resident amenities and an additional operating feature.
Located at 5724 Glendale Dr in Lockport, the property sits on a residential street with access to Transit Road, retail, employment, and services. Multi zoning supports its existing apartment use.
Located at 5724 Glendale Dr in Lockport, the property sits on a residential street with access to Transit Road, retail, employment, and services. Multi zoning supports its existing apartment use.
Key Highlights
- 23‑unit apartment property with an all one‑bedroom unit mix
- 12,936‑square‑foot multifamily building completed in 1990
- On‑site parking for residents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,839
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,016,780
$2.0M
Cap Rate 7%
$1,440,557
$1.4M
Cap Rate 9%
$1,120,433
$1.1M
Market Conditions
NOI Build-Up for 12,936 SF
Gross rent
$197.1K $15.24/SF
− Vacancy
−$13.8K −$1.07/SF
EGI
$183.3K $14.17/SF
− OpEx
−$82.5K −$6.38/SF
NOI
$100.8K $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%
$2,016,780
Cap Rate 7%
$1,440,557
Cap Rate 9%
$1,120,433
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,839 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.99M
$9.62M – $12.82M
NOI $769,417 @ 7.0% cap · market cap 51.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
23
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 14094, NY
50,969
Population
23,283
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
121.7 sq mi
ZIP Area
419
Density / Sq Mi
$73,354
Median Household Income
$45,056
Median Earnings
$869
Median Rent
$186,100
Median Home Value
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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 - Multifamily property with on-site parking and coin-operated laundry facilities.
Where is this apartment building located?
The property is located at 5724 Glendale Dr Lockport, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 23‑unit apartment property with an all one‑bedroom unit mix; 12,936‑square‑foot multifamily building completed in 1990; On‑site parking for residents
