Multifamily Property Under
For Sale
Contact for pricing
64 River St, Salamanca, NY 14779
An as-is multifamily property requiring completion of an existing remodel.
Property Size2,048 SF
Price / SF$4.83
Days on Market48
Property Features for 64 River St
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
finish this remodel
Building Details
Year Built
1900
Listing Agency:
The Greene Realty Group
Listed By:
Derek Greene · License #MA9503235-RE-B
(860) 560-1006
Source:
Skinnercnyrealty
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 7 at 5:35PM
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 The Greene Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 64 River St in Salamanca, New York, this multifamily property contains 2,048 square feet and dates to 1900. The building is being offered in its current as-is condition with an incomplete remodel, creating a property that requires additional renovation work before its next use.
The sale is subject to the seller being assisted by an Attorney in Fact. Advance communication is required before approaching the property.
The sale is subject to the seller being assisted by an Attorney in Fact. Advance communication is required before approaching the property.
Key Highlights
- 2,048‑square‑foot multifamily property
- Built in 1900
- Existing remodel remains unfinished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,368
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,360
$247.4K
Cap Rate 7%
$176,686
$176.7K
Cap Rate 9%
$137,422
$137.4K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$24.6K $12.00/SF
− Vacancy
−$2.1K −$1.02/SF
EGI
$22.5K $10.98/SF
− OpEx
−$10.1K −$4.94/SF
NOI
$12.4K $6.04/SF
Area
Cattaraugus County, NY
Vacancy
8.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,360
Cap Rate 7%
$176,686
Cap Rate 9%
$137,422
Alternative Uses
Best Use
Apartment 5plus
$176.7K
$154.6K – $206.1K
NOI $12,368 @ 7.0% cap · market cap 124.93%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$404.8K
$354.2K – $472.2K
NOI $28,334 @ 7.0% cap · market cap 286.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 14779, NY
7,191
Population
3,519
Households
2
Avg Household Size
40
Median Age
14%
College-Educated
88%
High-School Grad
138.8 sq mi
ZIP Area
52
Density / Sq Mi
$40,933
Median Household Income
$35,535
Median Earnings
$713
Median Rent
$82,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - An as-is multifamily property requiring completion of an existing remodel.
Where is this multifamily property located?
The property is located at 64 River St Salamanca, NY.
What are key features of this property?
This property features: 2,048‑square‑foot multifamily property; Built in 1900; Existing remodel remains unfinished
