Listings

140 East Avenue
Lockport, New York NY 14094
$2,069,500 Price
A-Active Status
Est. Monthly Payment: $8,887.62 See Details
49,777 Square Feet
2.760 Acres
B1055338 Listing ID
Vrp $1,599,500-2,069,500 includes 37-51 units w/no vacancies, cap rate of 9-12% (includes expenses, vacancy, mgmt and maint %'s) Multiple sites: 317 Market historical site (First Bank of Lockport) beautiful apartments and views of the Erie Canal. 158 Chapel/attached to the rear of 317 Market and 154 Chapel/rehabbed two family that adjoins at the parking lot. 140 East Ave brick front bldg, many rehabbed apartments, newer townhouses, 1970. 195 Locust, brick/frame front bldg w/newer, 1980 1 bdrm loft apartments. 507 W Center, Medina, 14 units 1900's front bldg, carriage house, 2.5 car gar and 1978 townhouses, ML#: B1054853. This is the turn key opportunity with low vacancy history that you have been waiting for. Not included in the C of O are two possible units, call for details.
Schedule Showing
Status A-Active
County Niagara
Year Built 1850
Property Type 5+ Unit Apartments
5+ Unit Apartments
Type Other - See Remarks
{"zipcode": "14094", "price": "2069500"}
Down Payment
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Primary Features

County: Niagara
Property Type: 5+ Unit Apartments
Year Built: 1850

External Features

Additional Exterior Features: Other - See Remarks
Driveway Description: Parking Area
Exterior Construction: Aluminum/Steel, Brick, Brick and Frame, Other - See Remarks, Vinyl
Garage Spaces per Apartment: More Than 1 Space
Lot Dimensions Depth: 330
Lot Dimensions Frontage: 110
Lot Information: Neighborhood Street
On Waterfront: yes
Parking Spaces per Apartment: 3 Or More Spaces
Roof Description: Other - See Remarks
Sewer Description: Sewer Connected
Water Resources: Public Connected
Waterfront Description: Canal
Waterfront Footage: 110
Waterfront Name: Erie Canal

Interior Features

Additional Interior Features: Other - See Remarks
Amenities Included: Coin Laundry
Basement Description: Full, Partial, Slab
Floor Description: Other - See Remarks
Heating Fuel Description: Electric, Gas
HVAC Type: Baseboard, Forced Air
Kitchen Equipment Appliances Included: In All Apartments, Oven/Range Freestanding- Some, Refrigerator
Number of 1 Bedroom Apartment: 20
Number of 2 Bedroom Apartment: 21
Number of 3 Bedroom Apartment: 4
Number of Heating Units: 51
Number of Stories: 2.0000
Number of Studio Apartments: 6
Total Number of Apartments: 51

Additional

Street Suffix: Avenue
Type: Other - See Remarks
Water Heater Fuel: Gas
Year Built Description: Existing

Location Information

Nearest Cross Street: Main
School District: Lockport
Subdivision/Community/Complex: Holland Purchase
Village: Not Applicable

Financial Details

City Village Tax: 21586
First Bedroomm Average Month Rent: 524
Income expense Information: Provided By Owner
Operating Expenses Include: Insurance, Refuse, Snow Plow, Utilities, Water / Sewer
Rent Includes: Other - See Remarks
School Tax: 32275
Second Bedroom Average Month Rent: 667
Studio Average Monthly Rent: 381
Third Bedroom Average Month Rent: 782
Total Taxes: 66236
Town/County Tax: 12375
Type of Sale: Normal
Value Range Pricing: no

Zoning Info


Listing courtesy of Hunt Commercial Real Estate Co

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, powered by CNYIS. Real estate listings held by firms other than Gurney, Becker & Bourne Real Estate, are marked with the IDX logo and detailed information about them includes the Listing Broker's Firm Name. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Gurney, Becker & Bourne Real Estate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2017 Central New York Information Service, Inc.. All rights reserved. Data last updated Wednesday, June 21st, 2017.

Contact - Listing ID B1055338

Mickey Thoren Harmon

560 Delaware Avenue Suite 200
Buffalo, NY 14202
Phone: 716-849-1234
Phone Alt: 716-880-0268
Fax: 716-849-0407

Data services provided by IDX Broker
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