August 15, 2017
Our Team
August 21, 2017
140 East Avenue
Lockport, New York NY 14094
$1,599,500 Price
A-Active Status
Est. Monthly Payment: $6,869.17 See Details
35,583 Square Feet
1.840 Acres
B1062659 Listing ID
37 units no vacancies, cap rate of 9%. Multiple sites: 317 Market (all brick) historical site (First Bank of Lockport) beautiful apartments and views of the Erie Canal. 158 Chapel is attached to the rear of 317 Market and 154 Chapel is a rehabbed two family that adjoins the parking lot. 140 East Ave all brick front building, many rehabbed apartments and newer townhouses (1970). 195 Locust, brick, frame front bldg with newer (1980) one (1) bedroom loft apartments. This is the turn key opportunity with low vacancy history that you have been waiting for. Property can be purchased as part of package to include 14 units 507 W. Center in Medina (13% cap rate)ML# b1062663 51 units B1062660.Not included in CO is possible 38th unit, call for details.
Schedule Showing Virtual Tour
Status A-Active
County Niagara
Year Built 1850
Property Type 5+ Unit Apartments
5+ Unit Apartments
Type Other - See Remarks
{"zipcode": "14094", "price": "1599500"}
Down Payment
Credit Score
Loan Amount
Loan Type

Show All Rates

Primary Features

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

External Features

Driveway Description: Blacktop, Other - See Remarks
Exterior Construction: Brick, Brick and Frame, Other - See Remarks, Vinyl
Garage Spaces per Apartment: No Garage Spaces
Lot Information: Neighborhood Street
Lot Shape: Rectangular
On Waterfront: no
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 Name: Erie Canal

Interior Features

Amenities Included: Coin Laundry, Other - See Remarks
Basement Description: Exterior Walkout, Full, Slab
Floor Description: Ceramic-Some, Hardwood-Some, Laminate-Some, Other - See Remarks, Vinyl-Some, Wall To Wall Carpet-Some
Heating Fuel Description: Electric, Gas
HVAC Type: Baseboard, Forced Air, Hot Water, Other - See Remarks, Programmable Thermostat
Kitchen Equipment Appliances Included: Oven/Range Freestanding- Some, Refrigerator
Number of 1 Bedroom Apartment: 17
Number of 2 Bedroom Apartment: 14
Number of 3 Bedroom Apartment: 2
Number of Heating Units: 37
Number of Stories: 2.0000
Number of Studio Apartments: 4
Total Number of Apartments: 37


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

Location Information

Elementary School: Other - See Remarks
High School: Lockport High
Middle School: Other - See Remarks
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: 536
Gross Annual Income: 262108
Income expense Information: Provided By Owner
Operating Expenses Include: Other - See Remarks
Rent Includes: Other - See Remarks
School Tax: 32275
Second Bedroom Average Month Rent: 633
Studio Average Monthly Rent: 367
Third Bedroom Average Month Rent: 770
Total Taxes: 66236
Town/County Tax: 12375
Type of Sale: Normal
Value Range Pricing: no

Zoning Info

Listing courtesy of Hunt Real Estate ERA

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 Monday, August 21st, 2017.

Contact - Listing ID B1062659

Gurney, Becker & Bourne Real Estate

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

Data services provided by IDX Broker