Multifamily
For Sale
$139,900
7 Union Street, Fredonia, NY 14063
Constructed in 1910, the property is in a car-dependent area with somewhat bikeable conditions.
Property Size1,248 SF
Price / SF$112.10
Days on Market58
Property Features for 7 Union Street
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
Steiger Realty
Listed By:
Nathan Steiger · License #C16811539
(716) 536-8606
Source:
716realtygroup
Added: Aug 21
Changed: Oct 14
Last Checked: Oct 16 at 5:58AM
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 Steiger Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property was constructed in 1910. The asset is located at 7 Union St in Pomfret, NY 14063.
Transportation scores indicate a car-dependent setting, with a Walk Score of 26 and a Bike Score of 37, classified as Somewhat Bikeable.
Transportation scores indicate a car-dependent setting, with a Walk Score of 26 and a Bike Score of 37, classified as Somewhat Bikeable.
Key Highlights
- Multifamily property at 7 Union St, Pomfret, NY 14063
- Constructed in 1910
- Walk Score: 26, Car‑Dependent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,448
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,960
$189.0K
Cap Rate 7%
$134,971
$135.0K
Cap Rate 9%
$104,978
$105.0K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$19.8K $15.84/SF
− Vacancy
−$2.6K −$2.08/SF
EGI
$17.2K $13.76/SF
− OpEx
−$7.7K −$6.19/SF
NOI
$9.4K $7.57/SF
Area
Chautauqua County, NY
Vacancy
13.10%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,960
Cap Rate 7%
$134,971
Cap Rate 9%
$104,978
Alternative Uses
Best Use
Apartment 5plus
$135.0K
$118.1K – $157.5K
NOI $9,448 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.5K
$326.9K – $435.8K
NOI $26,148 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 14063, NY
13,028
Population
5,861
Households
2.2
Avg Household Size
34
Median Age
40%
College-Educated
95%
High-School Grad
50.9 sq mi
ZIP Area
256
Density / Sq Mi
$55,629
Median Household Income
$27,358
Median Earnings
$852
Median Rent
$178,500
Median Home Value
Check the figures for this property
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?
Multifamily property - Constructed in 1910, the property is in a car-dependent area with somewhat bikeable conditions.
Where is this multifamily property located?
The property is located at 7 Union Street Fredonia, NY.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Multifamily property at 7 Union St, Pomfret, NY 14063; Constructed in 1910; Walk Score: 26, Car‑Dependent
