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Eagle Heights 4822 Hyde Park Blvd 81 Unit Apartment Building $6,700,416 CAD ($82,721 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.
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.
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 | $6,700,416 CAD | Building Class | C |
| Price Per Unit | $82,721 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 | $6,700,416 CAD |
| Price Per Unit | $82,721 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 | $135,265 CAD |
| Land Assessment | $109,021 CAD | Total Assessment | $244,286 CAD |
PROPERTY TAXES
Parcel Number
291100-130-010-0002-010-000
Land Assessment
$109,021 CAD
Improvements Assessment
$135,265 CAD
Total Assessment
$244,286 CAD
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Eagle Heights | 4822 Hyde Park Blvd
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