Mixed-Use Property with
New
For Sale
$249,900
1044 Grant Street, Buffalo, NY 14207
A ground-floor shop is paired with two residential units and additional storage.
Property Size2,436 SF
Days on Market5
Property Features for 1044 Grant Street
General Information
Standard status
Active
Size
2,436 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,580
Building Details
Building Size
2,436 SF
Year Built
1905
Buildings
1
Listing Agency:
Keller Williams Realty WNY
Listed By:
David Deynes · License #10401365470
(716) 705-1383
Source:
Highfallssir
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:52PM
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
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Investment Insights
Based on property information with market context.
Built in 1905, this mixed-use property at 1044 Grant Street combines a street-facing storefront with two apartments: an upper residence with three bedrooms and a separate one-bedroom unit. Store equipment may be negotiated separately. A full attic and partial basement add storage space, and the property also includes a separate yard.
The property is in Buffalo, near dining and breweries on Chandler Street, shopping on Amherst Street, Wegmans, and Buffalo State University. Delaware Park, Hoyt Lake, the Buffalo AKG Art Museum, and the Burchfield Penney Art Center are among the other nearby destinations.
The property is in Buffalo, near dining and breweries on Chandler Street, shopping on Amherst Street, Wegmans, and Buffalo State University. Delaware Park, Hoyt Lake, the Buffalo AKG Art Museum, and the Burchfield Penney Art Center are among the other nearby destinations.
Key Highlights
- Street‑level storefront with equipment negotiable
- Upper apartment has three bedrooms; separate apartment has one bedroom
- Full attic and partial basement provide storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,263
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,260
$445.3K
Cap Rate 7%
$318,043
$318.0K
Cap Rate 9%
$247,367
$247.4K
Market Conditions
NOI Build-Up for 2,436 SF
Gross rent
$42.4K $17.40/SF
− Vacancy
−$1.9K −$0.78/SF
EGI
$40.5K $16.62/SF
− OpEx
−$18.2K −$7.48/SF
NOI
$22.3K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,260
Cap Rate 7%
$318,043
Cap Rate 9%
$247,367
Alternative Uses
Best Use
Mixed Use
$375.8K
$328.9K – $438.5K
NOI $26,309 @ 7.0% cap · market cap 10.53%
Second Best
Retail
$339.0K
$296.6K – $395.5K
NOI $23,728 @ 7.0% cap · market cap 9.49%
Theoretical Best
Office A
$585.8K
$512.6K – $683.5K
NOI $41,007 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor shop is paired with two residential units and additional storage.
Where is this mixed-use property located?
The property is located at 1044 Grant Street Buffalo, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Street‑level storefront with equipment negotiable; Upper apartment has three bedrooms; separate apartment has one bedroom; Full attic and partial basement provide storage
