Renovated Side-by-Side
For Sale
$299,000
1 Brookhaven Drive, Buffalo, NY 14225
Two distinct units include three- and two-bedroom layouts with individual driveways.
Property Size2,068 SF
Days on Market18
Property Features for 1 Brookhaven Drive
General Information
Standard status
Active
Size
2,068 SF
Property subtype
Multi Family Home
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,759
Amenities
first-floor laundry
huge backyard
Building Details
Building Size
2,068 SF
Year Built
1941
Stories
2
Units
2
Listing Agency:
Keller Williams Realty WNY
(716) 292-8756
Listed By:
Thejan Kodituwakku · License #10401342241
(716) 292-8756
Source:
Homeprocny
Added: Aug 12
Changed: Aug 27
Last Checked: Aug 28 at 11:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
This 2,068-square-foot duplex, built in 1941, provides two separate residences in a side-by-side configuration. The three-bedroom unit includes first-floor laundry, while the second residence offers two bedrooms. Recent improvements include a new roof, replacement windows, updated kitchens and bathrooms, and new flooring throughout.
Each residence has a private driveway for off-street parking, and the property also includes a two-car garage. A large backyard adds outdoor space for the occupants. Located at 1 Brookhaven Dr in Buffalo, the property combines separate living areas with substantial recent updates.
Each residence has a private driveway for off-street parking, and the property also includes a two-car garage. A large backyard adds outdoor space for the occupants. Located at 1 Brookhaven Dr in Buffalo, the property combines separate living areas with substantial recent updates.
Key Highlights
- 2,068‑square‑foot side‑by‑side duplex
- Three‑bedroom unit includes first‑floor laundry
- Second unit features two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,520
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,400
$410.4K
Cap Rate 7%
$293,143
$293.1K
Cap Rate 9%
$228,000
$228.0K
Market Conditions
NOI Build-Up for 2,068 SF
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.
Gross rent
$31.0K $15.00/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$29.3K $14.17/SF
− OpEx
−$8.8K −$4.25/SF
NOI
$20.5K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,400
Cap Rate 7%
$293,143
Cap Rate 9%
$228,000
Alternative Uses
Best Use
Multifamily LT 5
$293.1K
$256.5K – $342.0K
NOI $20,520 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$270.0K
$236.3K – $315.0K
NOI $18,900 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$497.3K
$435.2K – $580.2K
NOI $34,812 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
Business Placement
Demographics for 14225, NY
34,066
Population
16,253
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,962
Density / Sq Mi
$65,562
Median Household Income
$44,408
Median Earnings
$937
Median Rent
$154,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct units include three- and two-bedroom layouts with individual driveways.
Where is this duplex located?
The property is located at 1 Brookhaven Drive Buffalo, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,068‑square‑foot side‑by‑side duplex; Three‑bedroom unit includes first‑floor laundry; Second unit features two bedrooms
