Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

947 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Eleanor Apartments 704 8th St

27 Unit Block of Flats £4,339,500 (£160,722/Unit) 7.65% Net Initial Yield Niagara Falls, NY 14301

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

HISTORIC BUILDING IN THE HEART OF NIAGARA FALLS

Executive Summary

The historic Eleanor Apartments, Situated in the heart of Niagara Falls, this four-story building offers a collection of stunning, newly renovated apartments. Choose from studio, one-bedroom, and two-bedroom options, each meticulously designed with your comfort in mind. A contemporary designed brick building founded on a 100 years old stone foundation, you'll find modern amenities including air conditioning, ensuring a pleasant environment throughout the year. The building is quiet and well-lit, enhancing the peaceful ambiance. An elevator is available for your convenience, making daily commutes effortless. All apartments feature brand-new stainless-steel appliances and elegant quartz countertops, adding a touch of sophistication to your living space. Additionally, residents have access to the on-site laundry room, gym facilities, and storage units* for their convenience. For your vehicles, dedicated off-street parking is conveniently located in the adjacent lot, just across the street*. Discover the charm of Niagara Falls with our four floors of recently renovated apartments located right in the heart of the city!

Professional Flyer_111523

Property Facts

Price	£4,339,500	Building Class	C
Price Per Unit	£160,722	Lot Size	0.20 AC
Sale Type	Investment	Building Size	23,952 SF
Net Initial Yield	7.65%	Average Occupancy	89%
No. Units	27	Number of Floors	4
Property Type	Residential	Year Built/Renovated	1925/2022
Property Subtype	Apartment	Parking Ratio	0.79/1,000 SF
Apartment Style	Mid Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£4,339,500
Price Per Unit	£160,722
Sale Type	Investment
Net Initial Yield	7.65%
No. Units	27
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.20 AC
Building Size	23,952 SF
Average Occupancy	89%
Number of Floors	4
Year Built/Renovated	1925/2022
Parking Ratio	0.79/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.