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North Gates, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in North Gates, New York Market population: 10K. Compare commercial properties across all major asset...

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📊 Average Cap Rate For North Gates NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000
Buffalo Multifamily

Discover a compelling investment in Buffalo’s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%
NOI $491,400
Size 65,000 SF

📊 Avg Property Tax Rate For North Gates NY Properties: 3.4500%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000
Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%
NOI $107,842
Size 8,640 SF

Investor Questions For North Gates NY

Common questions from investors exploring commercial real estate in North Gates NY.

What's the overall investment potential of North Gates, NY, considering its demographics and economy? +
With a median household income of $39,778 and a relatively low poverty rate of 8.9%, North Gates presents a stable investment market, further supported by its diverse top industries, including Finance & Insurance, and Public Administration, which cater to a broad range of professionals, and a high health insurance coverage rate of 95.2% indicating a stable and secure population.
How does the ethnic diversity and commute time in North Gates impact the rental market? +
The ethnic diversity, with top ethnicities being White (41.8%), White Non-Hispanic (39.4%), and Black (7.1%), suggests a culturally rich community, which can attract a wide range of renters, and combined with an average commute time of 17.4 minutes, indicates a convenient location with solid infrastructure for renters, making it an attractive option for investment.
What are the implications of the GINI coefficient and homeownership rate for real estate investors in North Gates? +
The GINI coefficient of 0.396, which is relatively low, suggests a more equal distribution of income, and when combined with a homeownership rate of 60.0%, it indicates a stable community with a mix of homeowners and potential renters, providing a balanced market for real estate investors to consider, especially with the median property value being $108,100 and median property taxes at $2,473.
How does the employment population and top industries in North Gates affect the demand for housing? +
With an employed population of 4,932 and top industries including Finance & Insurance, and Professional, Scientific, & Management Services, there's a strong demand for housing from professionals and families, which is further supported by the high health insurance coverage rate of 95.2%, suggesting a stable and secure workforce that can afford housing, making it a promising market for real estate investment.
What role does the average commute time and health insurance rate play in assessing the quality of life and market stability in North Gates? +
The average commute time of 17.4 minutes, which is relatively short, and the high health insurance coverage rate of 95.2%, indicate a high quality of life with access to employment opportunities and healthcare, contributing to market stability and suggesting that investments in North Gates could yield stable returns, as residents are likely to prioritize living in such an area, thus maintaining demand for housing.

North Gates NY Real Estate & City Facts

Key facts and real estate information about North Gates NY.

What are some of the best neighborhoods to live in North Gates? +
Some of the best neighborhoods to live in North Gates include the north parts of the city, which tend to be more desired, and the east regions, which offer more affordable homes. According to niche.com, North Gates is ranked #31 of 388 for suburbs with the lowest cost of living in New York, and #54 of 388 for most diverse suburbs in New York. Neighborhoods like north Winton village are also preferred by some residents for their friendly atmosphere.
What are some fun things to do in North Gates? +
There are plenty of fun things to do in North Gates, including visiting the Strong National Museum of Play, the George Eastman Museum, and the Rochester Public Market. You can also check out the Liberty Pole Way, which offers a variety of attractions and experiences. Additionally, the city has a number of parks and outdoor spaces, such as the Genesee Riverway Trail, where you can enjoy nature and recreational activities.
What is the food scene like in North Gates? +
The food scene in North Gates is diverse and vibrant, with a range of restaurants serving everything from Italian and American cuisine to wood-fired pizza and pasta. Some popular restaurants in the area include Mr. Beenz Diner, Cristo's Wood Fired Pizza and Pasta, The Coterie Restaurant, and Fazool's Italian Restaurant. There are also plenty of great food trucks and cafes, such as The Gate House and CRISP Rochester, which offer a variety of dining options.
What are the pros and cons of living in North Gates? +
The pros of living in North Gates include its affordable housing options, low cost of living, and diverse community. The city also has a number of parks and outdoor spaces, and a vibrant food scene. However, some cons of living in North Gates include its limited job opportunities and lower median household income compared to other areas. Additionally, some residents may find the city's suburban atmosphere to be less exciting than larger cities.
Is North Gates a good place to live? +
Overall, North Gates can be a good place to live for those who value affordability, diversity, and a suburban atmosphere. While it may not offer the same level of excitement or job opportunities as larger cities, it has a lot to offer in terms of community and quality of life. According to datausa.io, North Gates has a median household income of $39,778 and a poverty rate of 8.9%, which is lower than some other areas. However, the decision of whether or not North Gates is a good place to live ultimately depends on individual preferences and priorities.
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