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Liberty Park Senior Apartments Cheektowaga 10 Manko Ln 104 Unit Apartment Building For Sale Cheektowaga, NY 14227
Investment Highlights
- MARKET RATE VS. PROJECTIONS ARE $1300/MTH
- EXCELLANT LOCATION, CLOSE TO SHOPPING, THRUWAY ACCESS, SCHOOLS, RECREATION AND BUFFALO CBD.
- AFFORABLE RESTRICTION EXPIRES OCTOBER 2026
- ALL SUB-METERED UTITLTIES, COMMON LAUNDRY
- ON GOING CAP EX. PROGRAM
- 4000 SQ. FT COMMUNITY CENTER WITHONSITE OFFES, AND ALSO A SUBSTANTIALONSITE MAT. FACILTIY
Executive Summary
MARKET TO DETERMINE PRICE
104 UNITS, BUILT 1996, ALL 2 BEDROOM SINGLE BATH DESIGN.
SEP.UTITLTIES, COMMON LAUNDRY, OPENSURFACE PARKING
BUILT AS AN AFFORDABLE 55+ COMMUNITY (30YRS).
AFFORDABLE RESTRICTION LIFTED ON OCTOBER 2026 (12 MONTHS)
OWNER SELLING ON PROFORMA ONLY
4000 SQ. FT. COMMUNITY CENTER, 2000 SQ. FT. MAINTENACE FACILITY
PLEASE CONTACT LISTING AGENT FORADDITIOANL DETAILS OR TOUR INFO.
104 UNITS, BUILT 1996, ALL 2 BEDROOM SINGLE BATH DESIGN.
SEP.UTITLTIES, COMMON LAUNDRY, OPENSURFACE PARKING
BUILT AS AN AFFORDABLE 55+ COMMUNITY (30YRS).
AFFORDABLE RESTRICTION LIFTED ON OCTOBER 2026 (12 MONTHS)
OWNER SELLING ON PROFORMA ONLY
4000 SQ. FT. COMMUNITY CENTER, 2000 SQ. FT. MAINTENACE FACILITY
PLEASE CONTACT LISTING AGENT FORADDITIOANL DETAILS OR TOUR INFO.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 5.88 AC |
| No. Units | 104 | Building Size | 115,175 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1996/2007 |
| Building Class | C | Parking Ratio | 1.4/1,000 SF |
| Zoning | 03RA - PLEASE NOTE: PROPERTY WAS BUILT AS A LITHC AFFORBABLE COMMUNITY IN 1996 AFFORABLE REQUIREMENT EXPIRES IN OCTOBER 2026. 55+ RESTRICTION IS NOT DEEDED, | ||
| Sale Type | Investment |
| No. Units | 104 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.88 AC |
| Building Size | 115,175 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1996/2007 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | 03RA - PLEASE NOTE: PROPERTY WAS BUILT AS A LITHC AFFORBABLE COMMUNITY IN 1996 AFFORABLE REQUIREMENT EXPIRES IN OCTOBER 2026. 55+ RESTRICTION IS NOT DEEDED, |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Handrails
- Smoke Free
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Package Service
- Planned Social Activities
- Smoke Free
- Conference Rooms
- Maintenance on site
- Multi Use Room
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 104 | $1,148 | 837 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 143089-113-150-0003-003-113 | Total Assessment | $3,069,861 (2024) |
| Land Assessment | $730,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,339,861 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
143089-113-150-0003-003-113
Land Assessment
$730,000 (2024)
Improvements Assessment
$2,339,861 (2024)
Total Assessment
$3,069,861 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Liberty Park Senior Apartments Cheektowaga | 10 Manko Ln
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