Second-Floor Office
For Sale
Contact for pricing
1054 Broadway, Buffalo, NY 14212
Professional office layout with private rooms, reception space, a full bathroom, and a dedicated entrance.
Property Size7,056 SF
Price / SF$0.26
Days on Market86
Property Features for 1054 Broadway
General Information
Standard status
Active
Size
7,056 SF
Additional Details
Floor
Second floor
Listing Agency:
Towne Housing Real Estate
(716) 264-4135
Listed By:
Kazi Rashid · License #10401389019
(646) 549-4280
Source:
Nicholcityrealty
Added: Jul 24
Changed: Oct 2
Last Checked: Oct 16 at 8:27AM
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 Towne Housing Real Estate
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Investment Insights
Based on property information with market context.
The second floor at 1054 Broadway provides over 1,000 square feet of office space arranged for professional operations. The layout includes four private offices, a full bathroom, and a generous lobby or reception area. A separate entrance serves the upper-level space, supporting a distinct business presence within the building.
Parking is available on both sides of the property and behind the building, with 25+ spaces for clients and employees. The basement is excluded from the offering. The space was previously occupied by an insurance company office.
Parking is available on both sides of the property and behind the building, with 25+ spaces for clients and employees. The basement is excluded from the offering. The space was previously occupied by an insurance company office.
Key Highlights
- Over 1,000 square feet of second‑floor office space
- Four private office rooms plus lobby/reception area
- Full bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,985
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,759,700
$1.8M
Cap Rate 7%
$1,256,929
$1.3M
Cap Rate 9%
$977,611
$977.6K
Market Conditions
NOI Build-Up for 7,056 SF
Gross rent
$143.9K $20.40/SF
− Vacancy
−$26.6K −$3.77/SF
EGI
$117.3K $16.63/SF
− OpEx
−$29.3K −$4.16/SF
NOI
$88.0K $12.47/SF
Area
Buffalo, NY
Vacancy
18.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,759,700
Cap Rate 7%
$1,256,929
Cap Rate 9%
$977,611
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $87,985 @ 7.0% cap · market cap 4,888.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,778 @ 7.0% cap · market cap 6,598.78%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 14212, NY
13,533
Population
5,935
Households
2.3
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
2.1 sq mi
ZIP Area
6,444
Density / Sq Mi
$35,517
Median Household Income
$26,545
Median Earnings
$829
Median Rent
$89,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Office units - Professional office layout with private rooms, reception space, a full bathroom, and a dedicated entrance.
Where is this office units located?
The property is located at 1054 Broadway Buffalo, NY.
What are key features of this property?
This property features: Over 1,000 square feet of second‑floor office space; Four private office rooms plus lobby/reception area; Full bathroom included
