Turnkey 6-Unit Brick
6293 Robinson Rd South Lockport, NY 14094
New
6293 Robinson Rd South, Lockport, NY, 14094
$950,000
For Sale
$950,000
Fully renovated, fully occupied brick multifamily with coin-operated laundry and a 12-space private parking lot.
Property Size6,204 SF
Price / SF$153.13
Days on Market3
Property Features for 6293 Robinson Rd South
General Information
- Standard status
- Active
- Size
- 6,204 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1979
Listing agency
WNYbyOWNER.com LLC
(716) 523-8508
Listed by
Robyn Sansone · License #10491209960
(716) 523-8508
Source
Elliman
Added: Jul 19 Updated: Jul 20 at 2:29AM Checked: Jul 21 at 8:51AM
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 WNYbyOWNER.com LLC
Investment Insights
Based on property information with market context.
This turnkey 6-unit brick multifamily has completed a comprehensive top-to-bottom renovation, with multiple building systems and finishes updated throughout. The property features brand-new kitchens with stainless steel appliances, renovated bathrooms, new flooring, new doors and hardware, updated lighting inside and out, and new balcony doors and balcony flooring. Mechanical and comfort upgrades include new electric radiators throughout and new A/C units in every apartment. A new commercial coin-operated laundry system is also included. The building has sound insulation between units and a security camera system, along with secure tenant mailboxes.
The property includes seven separate electric meters, with one meter per apartment plus a landlord/common area meter. It is served by a 12-space private parking lot. The building is fully electric.
The asset is fully occupied and professionally maintained. Management is available after closing for a hands-off ownership approach, including rent collection and accounting, tenant relations, maintenance and repairs, leasing and renewals, and day-to-day operations. Appointments are required and proof of funds is required for showings.
The property includes seven separate electric meters, with one meter per apartment plus a landlord/common area meter. It is served by a 12-space private parking lot. The building is fully electric.
The asset is fully occupied and professionally maintained. Management is available after closing for a hands-off ownership approach, including rent collection and accounting, tenant relations, maintenance and repairs, leasing and renewals, and day-to-day operations. Appointments are required and proof of funds is required for showings.
Key Highlights
- Turnkey 6‑unit brick multifamily, fully occupied, totaling 6,204 SF with 12 bedrooms and 6 baths
- 2023 top‑to‑bottom renovation includes new roof, all new windows, brand‑new kitchens, and full bath remodels
- Fully electric building with 7 separate electric meters (one per apartment plus landlord/common area meter) and electric radiators throughout
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 | $94.5k | $15.24 |
| − Vacancy | −$6.6k | −$1.07 |
| EGI | $87.9k | $14.17 |
| − OpEx | −$39.6k | −$6.38 |
| NOI | $48.4k | $7.80 |
6,204 SF · lease $15.24/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$690.9K
$604.5K – $806.0K
NOI $48,362 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.27M
$4.61M – $6.15M
NOI $369,006 @ 7.0% cap · market cap 38.84%
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 - Fully renovated, fully occupied brick multifamily with coin-operated laundry and a 12-space private parking lot.
Where is this apartment building located?
The property is located at 6293 Robinson Rd South Lockport, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Turnkey 6‑unit brick multifamily, fully occupied, totaling 6,204 SF with 12 bedrooms and 6 baths; 2023 top‑to‑bottom renovation includes new roof, all new windows, brand‑new kitchens, and full bath remodels; Fully electric building with 7 separate electric meters (one per apartment plus landlord/common area meter) and electric radiators throughout
