4822 Hyde Park Blvd - Apartments FOR SALE


Niagara Falls, NY 14305- Greater Niagara Falls
$4,800,000 USD
716-570-7600
4822 Hyde Park Blvd, Niagara Falls, NY for Sale
$4,800,000 USD
Apartments - FOR SALE
1/19
null | 7.5% Cap Rate

4822 Hyde Park Blvd
Niagara Falls, NY 14305
Greater Niagara Falls


OVERVIEW

Investment Offering: 81-Unit Multifamily Portfolio – Niagara Falls, NY Addresses: 4822 Hyde Park Blvd, Niagara Falls, NY – 20 Units 1736 Lafayette Ave, Niagara Falls, NY – 61 Units Overview: We are pleased to present an exceptional opportunity to acquire an 81-unit multifamily portfolio located in Niagara Falls, New York. This two-property package features a diverse mix of studio, one-bedroom, and two-bedroom apartment units, offering strong tenant appeal and operational efficiency. Located less than a mile to Niagara University a private Catholic college with enrollment of just under 4,000 students 12 minutes from Niagara County Community College also serving over 4,000 students generating steady rental demand. Possible owner held 2nd mortgage to qualified buyers Key Highlights: Unit Mix: Studio, 1-Bedroom, and 2-Bedroom Apartments Off-Street Parking: Ample on-site tenant parking Strong Location: Conveniently situated near key commercial corridors, public transit, and educational institutions Updated Building Systems: Eagle Heights (1736 Lafayette) features a recently upgraded heating system, offering improved energy efficiency and reduced maintenance costs Attractive In-Place Financing: Interest Rate: 4.2% Approximate Loan Balance: $2.68M (assumable) Lender open to adding a supplemental loan to support value-add strategy Stabilized Cash Flow: Strong historical occupancy and consistent rental income, with upside potential through minor operational and cosmetic enhancements Please contact Chris Greco for financial analysis 716-570-7600 chris@grecorealestate.com

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

81

PRICE/UNIT

$59,259

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eagle Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

R3-A

APN/PARCEL ID

291100-130-010-0002-010-000

ASK ABOUT THIS PROPERTY

Chris GrecoGreco Real EstateMore Info
716-570-7600

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Chris GrecoGreco Real EstateMore Info
716-570-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.