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Liberty Park Senior Apartments Cheektowaga 10 Manko Ln 104 Unit Apartment Building $11,000,000 ($105,769/Unit) 5.95% Cap Rate Cheektowaga, NY 14227
INVESTMENT HIGHLIGHTS
- MARKET RATE VS. AFFORDABLE RATE - $275.00/MTH CONSERVATIVE POTENTIAL
- 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
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)
POSSIBLE OWNER FINANCING OPTION
4000 SQ. FT. COMMUNITY CENTER, 2000 SQ. FT. MAINTENACE FACILITY
PLEASE CONTACT LISTING AGENT FORADDITIOANL DETAILS OR TOUR INFO.
SEP.UTITLTIES, COMMON LAUNDRY, OPENSURFACE PARKING
BUILT AS AN AFFORDABLE 55+ COMMUNITY (30YRS).
AFFORDABLE RESTRICTION LIFTED ON OCTOBER 2026 (12 MONTHS)
POSSIBLE OWNER FINANCING OPTION
4000 SQ. FT. COMMUNITY CENTER, 2000 SQ. FT. MAINTENACE FACILITY
PLEASE CONTACT LISTING AGENT FORADDITIOANL DETAILS OR TOUR INFO.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
| Price | $11,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $105,769 | Building Class | B |
| Sale Type | Investment | Lot Size | 5.84 AC |
| Cap Rate | 5.95% | Building Size | 124,800 SF |
| No. Units | 104 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1996 |
| Zoning | 03RA | ||
| Price | $11,000,000 |
| Price Per Unit | $105,769 |
| Sale Type | Investment |
| Cap Rate | 5.95% |
| No. Units | 104 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 5.84 AC |
| Building Size | 124,800 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1996 |
| Zoning | 03RA |
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 | $995.00 | 837 |
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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 | 2025 |
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
2025
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Liberty Park Senior Apartments Cheektowaga | 10 Manko Ln
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