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959 Ridge Rd
Lackawanna, NY 14218 Hamburg

$4,400,000 USD

Apartments For Sale • 32,000 SF

Property Details

Property Type Apartments
Total Building Size 32,000 SF
Lot Size 1.8 AC
Building Class C
Year Built 1965
Cap Rate 6.46 %
Zoning Commercial

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Large apartments with hardwood floors
                            
                                Heat and hot water is included in the rent and parking is either next to or behind the building
                            
                                Building improvements include newer roofs, furnaces, and parking lot paving
                            
                                Eight five-unit brick buildings on Ridge Road in Lackawanna
                            
                                24 two-bedroom and 16 one-bedroom apartments
                            
                                Priced at $110,000 per apartment

Financial Summary (Proforma)

Net Operating Income: $284,342 USD (2026)

Cap Rate:	6.46 %
Total Expenses:	$149,542 USD

Amenities

24 Hour Access
Air Conditioning
Cable Ready
Storage Space
Tenant Controlled HVAC
Trash Pickup - Curbside
Tile Floors
Family Room
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	10 min	-	6.1 mi
	18 min	-	9.9 mi
Airport	Drive	Walk	Distance
Buffalo Niagara International	23 min	-	13.0 mi
Niagara Falls International	39 min	-	26.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	40
Type:	Surface
Included in Rent:	Yes

Brian Heine 716-884-4437 Brian Heine - Licensed Real Estate Broker

959 Ridge Rd Lackawanna, NY 14218 Hamburg