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JNJ Apartments

$4,400,000

959 Ridge Road, Lackawanna, NY 14218

Active
Last Updated: 10/07/2026

6.5

Cap Rate

284,342

NOI

Details:
Cap Rate:    6.5%
NOI:    $284,342
Building Size:    28,144 sqft
Units:    40
Year Built:    1965
Price Per Unit:    $110,000
Seller Financing:    No
Description:

40-unit apartment complex with 24 two-bedroom apartments and 16 one-bedroom apartments in eight five-unit brick buildings on Ridge Road near South Park Avenue in the city of Lackawanna. Recent improvements include the installation of new high efficiency furnaces in each building, the parking lot has been paved, roofs have been replaced, and many of the apartments have been updated. The apartments are large and includeappliances and dining areas, there are hardwood floors throughout. The heat and hot water is included in the rent and parking is either next to or behind the buildings.
Lackawanna is adjacent the southern border of the city of Buffalo. Close proximity to the Walden Galleria Mall, Buffalo-Niagara International Airport, Highmark Stadium, and downtown Buffalo. There is a bus stop directly across the street.

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