Blasdell 5-Unit Residential
93 Martin Avenue Blasdell, NY 14219
93 Martin Avenue, Blasdell, NY, 14219
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For Sale
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Well-maintained 5-unit property in Blasdell, great for investors.
Property Size2,458 SF
Price / SF$138.28
Days on Market68
Property Features for 93 Martin Avenue
General Information
- Standard status
- Active
- Size
- 2,458 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1934
Listing Agency
WNY Metro Roberts Realty
Listed by
Michael Kearns · License #10301215173
Source
Crexi
Added: May 13 Checked: Jul 17 at 6:53 am
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 WNY Metro Roberts Realty
Investment Insights
Based on property information with market context.
This well-maintained 5-unit residential property is located in Blasdell. The main building features a spacious 3-bedroom apartment with a covered front porch, along with three 1-bedroom apartments. A rear cottage includes 1 bedroom, a living room, a kitchen, and a full bath. The property has seen various updates over the years. It offers ample off-street parking with a large driveway and a lockable exterior storage shed. The property size is 2458 square feet. This property presents an opportunity for income generation or owner-occupancy.
Key Highlights
- Well‑maintained 5‑unit residential property.
- Spacious 3‑bedroom apartment in the main building.
- Includes a separate 1‑bedroom rear cottage.
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 | $42.8k | $17.40 |
| − Vacancy | −$1.9k | −$0.78 |
| EGI | $40.8k | $16.62 |
| − OpEx | −$18.4k | −$7.48 |
| NOI | $22.5k | $9.14 |
2,458 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$320.9K
$280.8K – $374.4K
NOI $22,465 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$591.1K
$517.2K – $689.6K
NOI $41,377 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 5-unit property in Blasdell, great for investors.
Where is this apartment building located?
The property is located at 93 Martin Avenue Blasdell, NY.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Well‑maintained 5‑unit residential property.; Spacious 3‑bedroom apartment in the main building.; Includes a separate 1‑bedroom rear cottage.
