Building Details

Building Size 2,800 SF

Year Built 1972

Stories 2

Units 2

Listing Agency: WNY METRO ROBERTS REALTY

Listed By: Jeannine Meinzer · License #10401326635 Show Phone

Source: Elliman

Added: May 18 Changed: Oct 2 Last Checked: Oct 12 at 6:54PM

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Investment Insights

Based on property information with market context.

The property at 99 S Prince Dr is a well-maintained duplex. The lower unit, owner-occupied for 30 years, features 3 bedrooms and 1.5 bathrooms. The large kitchen includes granite countertops, an island, and ample cupboard space. Cathedral ceilings and crown molding accents enhance the living room's airy feel. A sliding glass door from the family room leads to a 3-season room overlooking a partially fenced yard with a tree-lined backdrop. Additional features include a partially finished basement and a 2.5-car garage. Windows were updated in 2024, and the roof was replaced in 2018. Deluxe vinyl flooring is present throughout. The upper unit is tenant-occupied on a month-to-month basis and includes kitchen appliances, with space for a washer and dryer in the basement. The property is conveniently located near stores, parks, and a library.

Key Highlights

• Impeccably maintained home, owner‑occupied for 30 years.
• Lower unit features a large, beautiful kitchen with granite countertops/island.
• Newer roof (2018) and windows (2024).**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,003

Cap Rate

4.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$360,060 $360.1K

Cap Rate 7%

$257,186 $257.2K

Cap Rate 9%

$200,033 $200.0K

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$38.6K $13.80/SF

− Vacancy

−$12.9K −$4.61/SF

EGI

$25.7K $9.19/SF

− OpEx

−$7.7K −$2.76/SF

NOI

$18.0K $6.43/SF

Area

Erie County, NY

Vacancy

33.44%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$360,060

Cap Rate 7%

$257,186

Cap Rate 9%

$200,033

Alternative Uses

Best Use

Multifamily LT 5

$257.2K

$225.0K – $300.1K (±1% cap)

NOI $18,003 @ 7.0% cap · market cap 4.62%

Second Best

Apartment 5plus

$230.9K

$202.1K – $269.4K (±1% cap)

NOI $16,166 @ 7.0% cap · market cap 4.15%

Theoretical Best

Office A

$612.1K

$535.6K – $714.1K (±1% cap)

NOI $42,847 @ 7.0% cap · market cap 10.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage Daycare Center Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

466

Businesses Nearby

Explore this area Business Placement

Demographics for 14043, NY

24,962

Population

11,743

Households

2.1

Avg Household Size

45

Median Age

27%

College-Educated

94%

High-School Grad

9.1 sq mi

ZIP Area

2,743

Density / Sq Mi

$73,373

Median Household Income

$50,263

Median Earnings

$1,072

Median Rent

$192,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Impeccably maintained duplex with updated features and tenant-occupied upper unit.

Where is this duplex located?

The property is located at 99 S Prince Dr Cheektowaga, NY.

What is the asking price?

The asking price for this property is $389,900.

What are key features of this property?

This property features: Impeccably maintained home, owner‑occupied for 30 years.; Lower unit features a **large, beautiful kitchen with granite countertops/island.**; Newer roof (2018) and windows (2024).**