Elevator-Served Office
151 Buffalo Avenue Niagara Falls, NY 14303
151 Buffalo Avenue, Niagara Falls, NY, 14303
$139,500
For Sale
$139,500
SINGLE_FAMILY - Niagara Falls, NY
Property Size1,337 SF
Lot Size0.01 Acres
Price / SF$104.34
Days on Market97
Property Features for 151 Buffalo Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- R4-A
- Parking
- 20
- Standard status
- Active
- APN
- 291100-159-013-0010-002-008
- Size
- 1,337 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2792
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned, Baseboard, Forced Air, Natural Gas
- Cooling system
- Zoned, Central Air
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
Listing Agency
Stefik Realty Co, Inc
(716) 298-4000
800 Main Street PO Box 2364, Niagara Falls, NY
Listed by
David W Stefik · License #31ST0751548
(716) 298-4000
Added: Apr 13 Checked: Jul 18 at 10:06 am
MLS# B1673521
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale office condominium offers an elevator-served setup within the 140+ unit Parkway Condominiums hi-rise. The unit is positioned for office and medical/professional use, with the monthly association fee of $591 stated to include all utilities. The property also benefits from on-site parking described as ample.
The building is located at 151 Buffalo Avenue in Niagara Falls, close to downtown offices, the Niagara Scenic Parkway/Grand Island Bridge area, and Niagara Falls/Goat Island attractions. The listing notes the proximity to these destinations as a contributing factor for convenience and tenant/user access.
For owners and tenants seeking a maintained, elevator-accessible office space, this condo configuration can support a medical, professional, or general office operation consistent with the intended use described in the offering. The R4-A zoning designation provides the stated land-use framework for the property. Association amenities and included utilities can help simplify operating costs for an owner-user, while the building’s larger condominium population is described as a potential captive market for the owner-user.
The building is located at 151 Buffalo Avenue in Niagara Falls, close to downtown offices, the Niagara Scenic Parkway/Grand Island Bridge area, and Niagara Falls/Goat Island attractions. The listing notes the proximity to these destinations as a contributing factor for convenience and tenant/user access.
For owners and tenants seeking a maintained, elevator-accessible office space, this condo configuration can support a medical, professional, or general office operation consistent with the intended use described in the offering. The R4-A zoning designation provides the stated land-use framework for the property. Association amenities and included utilities can help simplify operating costs for an owner-user, while the building’s larger condominium population is described as a potential captive market for the owner-user.
Key Highlights
- Office condominium in the 140+ unit hi‑rise Parkway Condominiums in Niagara Falls
- Brick construction with zoned heating and cooling, plus central air (natural gas, zoned HVAC)
- Year built: 1963
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.3k | $14.40 |
| − Vacancy | −$1.3k | −$0.96 |
| EGI | $18.0k | $13.44 |
| − OpEx | −$7.2k | −$5.37 |
| NOI | $10.8k | $8.06 |
1,337 SF · lease $14.40/SF/yr · vacancy 6.70% · expense 40.00%
Alternative Uses
Best Use
Office B
$270.1K
$236.4K – $315.2K
NOI $18,909 @ 7.0% cap · market cap 13.55%
Second Best
Healthcare Medical
$154.0K
$134.7K – $179.6K
NOI $10,778 @ 7.0% cap · market cap 7.73%
Theoretical Best
Warehouse
$1.14M
$994.0K – $1.33M
NOI $79,523 @ 7.0% cap · market cap 57.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. John A. Havens, ...
Dental Office
Dr. Todd L. ...
Dental Office
Marra Orlando a DDS
Dental Office
Bonghi & Havens
Dental Office
Prospect Point Observation ...
Scenic Spot
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FAQs
What type of property is this?
Office units - Office condo in a 140+ unit hi-rise with elevator access, ample parking, and association dues covering utilities.
Where is this office units located?
The property is located at 151 Buffalo Avenue Niagara Falls, NY.
What is the asking price?
The asking price for this property is $139,500.
What are key features of this property?
This property features: Office condominium in the 140+ unit hi‑rise Parkway Condominiums in Niagara Falls; Brick construction with zoned heating and cooling, plus central air (natural gas, zoned HVAC); Year built: 1963
