537-539 Niagara St - Apartments FOR SALE


Buffalo, NY 14201
$425,000 USD
716-882-0212
537-539 Niagara St, Buffalo, NY for Sale
$425,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

537-539 Niagara St
Buffalo, NY 14201


HIGHLIGHTS

  • Central Location
  • Redevelopment Oppertunity
  • Cash Flowing

OVERVIEW

Building 1 - 6 Existing Apartments, 3 rented and 3 vacant. (Total: Approx. 4200 SF/Approx. 1400 SF per Floor) Building 2 - Vacant/Fully gutted. 8 potential apartments. (Total: 5,904 SF/ Floor 1 & 2: Approx. 2200 SF each / Floor 3: Approx. 1600 SF) *Vacant Lot at 543 Niagara St - Not part of listing. 28’ x 132’. Owned by related party and available for purchase. 539 Niagara Street is located in a rapidly appreciating corner of the City of Buffalo, and situated on a major urban corridor that has been the recipient of tremendous public and private investment in recent years. The property is 2 short blocks from D’Youville University - a thriving institution offering undergraduate, graduate, and professional degrees. Their ongoing growth and investments are a huge boon for the neighborhood and region, including the recently announced $154M medical school development. 2 blocks in the other direction lies the confluence of Lake Erie and the Niagara River, and two world-class waterfront parks to enjoy it from, including the Ralph Wilson Park that is currently in the midst of a $110M redevelopment. The property is a mile from downtown, and less than mile to the booming Buffalo Niagara Medical Campus - home to the University at Buffalo’s School of Medicine, and 3 major hospitals including the world-renowned Roswell Park Cancer Center. The property is within ½ mile of both the 1-90 interstate and the international Peace Bridge and Canadian border. It’s also situated on one of the most prominent transit corridors.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$39 USD /SF

# OF UNITS

11

PRICE/UNIT

$38,636

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,599 SF

ZONING

N-2C

APN/PARCEL ID

140200-099-830-0006-020-000

ASK ABOUT THIS PROPERTY

Matt HartrichSchneider Real Estate ServicesMore Info
716-882-0212

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Matt HartrichSchneider Real Estate ServicesMore Info
716-882-0212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.