Multifamily
For Sale
$139,000
709 Townsend Pl, Niagara Falls, NY 14301
Located in a very walkable area with convenient bicycle access and some public transit service.
Property Size1,295 SF
Days on Market23
Property Features for 709 Townsend Pl
General Information
Standard status
Active
Size
1,295 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$959
Building Details
Building Size
1,295 SF
Year Built
1910
Stories
2
Units
2
Listing Agency:
Expert Realty Advisors LLC
Listed By:
Brock E Forkey · License #10491209532
(518) 376-7240
Source:
Elliman
Added: Sep 13
Changed: Sep 28
Last Checked: Oct 4 at 11:12AM
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 Expert Realty Advisors LLC
Investment Insights
Based on property information with market context.
This multifamily property was built in 1910 and is located at 709 Townsend Pl in Niagara Falls, New York. The surrounding area records a Walk Score of 84, classified as Very Walkable, along with a Bike Score of 75, classified as Very Bikeable. A Transit Score of 46 indicates some available public transit service.
Key Highlights
- Built in 1910
- Walk Score of 84, classified as Very Walkable
- Bike Score of 75, classified as Very Bikeable
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,095
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$201,900
$201.9K
Cap Rate 7%
$144,214
$144.2K
Cap Rate 9%
$112,167
$112.2K
Market Conditions
NOI Build-Up for 1,295 SF
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.
Gross rent
$19.7K $15.24/SF
− Vacancy
−$1.4K −$1.07/SF
EGI
$18.4K $14.17/SF
− OpEx
−$8.3K −$6.38/SF
NOI
$10.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$201,900
Cap Rate 7%
$144,214
Cap Rate 9%
$112,167
Alternative Uses
Best Use
Apartment 5plus
$144.2K
$126.2K – $168.3K
NOI $10,095 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.10M
$962.8K – $1.28M
NOI $77,025 @ 7.0% cap · market cap 55.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,335
Businesses Nearby
Explore this area
Business Placement
Demographics for 14301, NY
12,618
Population
7,285
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
2.1 sq mi
ZIP Area
6,009
Density / Sq Mi
$37,650
Median Household Income
$32,909
Median Earnings
$722
Median Rent
$79,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Located in a very walkable area with convenient bicycle access and some public transit service.
Where is this multifamily property located?
The property is located at 709 Townsend Pl Niagara Falls, NY.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Built in 1910; Walk Score of 84, classified as Very Walkable; Bike Score of 75, classified as Very Bikeable
