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Property profile & analytics
OFF-MARKET
Commercial real estate

942 Niagara Ave Niagara Falls, NY 14305

22,928 SF 0.34 ac lot
Property ID
US63-2553118
Property summary
AI-generated overview

Exceptional investment opportunity in Niagara Falls, NY, presents a 22,928 square foot, four-level commercial building situated on a 0.34-acre lot at 942 Niagara Avenue, zip code 14305. Currently generating over $26,000 in monthly gross income, this meticulously maintained brick and stone structure houses twenty residential units—ten one-bedroom and ten two-bedroom apartments, all complete with appliances. The building includes a fully equipped basement level featuring coin-operated laundry facilities, common areas, bathrooms, and ample tenant storage. Additional lower-level amenities encompass an office, kitchenette, and mechanical rooms. Recent renovations encompass flooring, windows, and interior painting. This turnkey operation offers significant upside potential for growth, further enhanced by available buyer incentives and grant financing opportunities. The property is listed at $875,000.

Property profile
Verified
Property type Commercial real estate
Total area 22,928 SF
Lot 0.34 ac (14,810 SF)
UPID US63-2553118
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Estella Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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