Four-Bay Garage
For Sale
$300,000
1083 E Lovejoy Street, Buffalo, NY 14206
Updated mechanical systems and a multi-vehicle garage complement the duplex’s residential space.
Property Size2,688 SF
Price / SF$111.61
Days on Market64
Property Features for 1083 E Lovejoy Street
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Lovejoy
Taxes and HOA fees
Annual Taxes
$2,257
Amenities
garden area
Attic
Building Details
Building Size
2,688 SF
Year Built
1920
Stories
2
Units
2
Listing Agency:
Iconic Real Estate
(716) 236-7644
Listed By:
Ayat Nieves · License #10401247677
(716) 708-8360
Source:
Gentryrealtyproperties
Added: Aug 27
Changed: Oct 25
Last Checked: Oct 26 at 4:01AM
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 Iconic Real Estate
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Investment Insights
Based on property information with market context.
This 2,688-square-foot duplex, built in 1920, includes a four-bay garage and a driveway with room for 10 or more vehicles. Interior finishes include hardwood flooring and vinyl flooring. Updates include the electrical system, furnaces, roof, and replacement windows.
The property occupies a triple lot with almost 90 feet of frontage and includes a garden area. The garage, driveway, and outdoor space provide substantial room for vehicles and property use.
The property occupies a triple lot with almost 90 feet of frontage and includes a garden area. The garage, driveway, and outdoor space provide substantial room for vehicles and property use.
Key Highlights
- Four‑bay garage
- 2,688 square feet; built in 1920
- Triple lot with almost 90 feet of frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,672
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,440
$533.4K
Cap Rate 7%
$381,029
$381.0K
Cap Rate 9%
$296,356
$296.4K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$40.3K $15.00/SF
− Vacancy
−$2.2K −$0.83/SF
EGI
$38.1K $14.17/SF
− OpEx
−$11.4K −$4.25/SF
NOI
$26.7K $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 Rate 5%
$533,440
Cap Rate 7%
$381,029
Cap Rate 9%
$296,356
Alternative Uses
Best Use
Multifamily LT 5
$381.0K
$333.4K – $444.5K
NOI $26,672 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$351.0K
$307.1K – $409.5K
NOI $24,567 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$646.4K
$565.6K – $754.2K
NOI $45,249 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
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Business Placement
Demographics for 14206, NY
21,706
Population
10,677
Households
2
Avg Household Size
38
Median Age
18%
College-Educated
87%
High-School Grad
5.0 sq mi
ZIP Area
4,341
Density / Sq Mi
$46,842
Median Household Income
$38,379
Median Earnings
$886
Median Rent
$111,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated mechanical systems and a multi-vehicle garage complement the duplex’s residential space.
Where is this duplex located?
The property is located at 1083 E Lovejoy Street Buffalo, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four‑bay garage; 2,688 square feet; built in 1920; Triple lot with almost 90 feet of frontage
