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Eagle Heights 4822 Hyde Park Blvd 81 Unit Apartment Building $6,640,224 CAD ($81,978 CAD/Unit) 7.50% Cap Rate Niagara Falls, NY 14305
EXECUTIVE SUMMARY
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
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
PROPERTY FACTS
| Price | $6,640,224 CAD | Building Class | C |
| Price Per Unit | $81,978 CAD | Lot Size | 0.89 AC |
| Sale Type | Investment | Building Size | 17,000 SF |
| Cap Rate | 7.50% | Average Occupancy | 100% |
| No. Units | 81 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3-A | ||
| Price | $6,640,224 CAD |
| Price Per Unit | $81,978 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 17,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1957 |
| Opportunity Zone |
Yes |
| Zoning | R3-A |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 15 | - | 720 - 750 |
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PROPERTY TAXES
| Parcel Number | 291100-130-010-0002-010-000 | Improvements Assessment | $134,050 CAD |
| Land Assessment | $108,042 CAD | Total Assessment | $242,092 CAD |
PROPERTY TAXES
Parcel Number
291100-130-010-0002-010-000
Land Assessment
$108,042 CAD
Improvements Assessment
$134,050 CAD
Total Assessment
$242,092 CAD
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Eagle Heights | 4822 Hyde Park Blvd
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