Brick Warehouse with
1433 Niagara St Buffalo, NY 14213
For Sale
Contact for pricing
Two-story brick warehouse plus a two-bay 1-story cinder block garage on a lot with Niagara frontage.
Property Size4,744 SF
Lot Size0.60 Acres
Price / SF$184.44
Days on Market368
Property Features for 1433 Niagara St
General Information
Standard status
Active
Size
4,744 SF
Lot size
0.60 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Gurney Becker & Bourne
(716) 335-2227
Listed By:
Carmelo Parlato · License #10401209029
Source:
Moodyscre
Added: Jul 28, 2025
Changed: Jul 26
Last Checked: Jul 29 at 4:00PM
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 Gurney Becker & Bourne
Investment Insights
Based on property information with market context.
This property includes a 10,972-square-foot brick building standing two stories, along with a two-bay, one-story cinder block garage. The combined site is described as 26,070 square feet (approximately 0.6 acres) and includes adjacent lot 1425 Niagara St for a total of 118 feet of frontage on Niagara with 220 feet of depth.
The most recent use was construction staging, and it was formerly used as a salvage yard. The remarks also reference an ongoing streetscape and infrastructure project intended to shift Niagara St from its industrial past toward a more active destination with pedestrian and bicycle activity, supporting a multimodal corridor.
The property is zoned N-1S, described as a code that aims to support employment centers with a mix of uses, particularly those with existing mid-rise and large footprint industrial structures. The site is noted as being across from the future Westside Bazaar and within walking distance to the Crescendo, a 42-unit luxury loft apartment building.
The most recent use was construction staging, and it was formerly used as a salvage yard. The remarks also reference an ongoing streetscape and infrastructure project intended to shift Niagara St from its industrial past toward a more active destination with pedestrian and bicycle activity, supporting a multimodal corridor.
The property is zoned N-1S, described as a code that aims to support employment centers with a mix of uses, particularly those with existing mid-rise and large footprint industrial structures. The site is noted as being across from the future Westside Bazaar and within walking distance to the Crescendo, a 42-unit luxury loft apartment building.
Key Highlights
- 26,070 SF property on approximately 0.6 acres with frontage on Niagara St.
- Includes a 10,972 SF two‑story brick building and a 2‑bay one‑story cinder block garage.
- Adjacent lot 1425 Niagara St included for a combined 118 ft of Niagara frontage and 220 ft of depth.
Financial Insights For Warehouse
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 | $48.4k | $10.20 |
| − Vacancy | −$919 | −$0.19 |
| EGI | $47.5k | $10.01 |
| − OpEx | −$7.1k | −$1.50 |
| NOI | $40.3k | $8.51 |
4,744 SF · lease $10.20/SF/yr · vacancy 1.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$576.4K
$504.4K – $672.5K
NOI $40,349 @ 7.0% cap · market cap 4.61%
Second Best
Flex RnD
$491.6K
$430.2K – $573.6K
NOI $34,413 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.14M
$998.2K – $1.33M
NOI $79,859 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Secure Storage — 31 Tonawanda St, Buffalo, NY 14207
- BLACK ROCK MINI STORAGE — 111 Tonawanda St, Buffalo, NY 14207
- Off street storage — 1455 Niagara St, Buffalo, NY 14213
- Secure Storage of Buffalo — 31 Tonawanda St, Buffalo, NY 14207
Frequently Asked Questions
What type of property is this?
Warehouse - Two-story brick warehouse plus a two-bay 1-story cinder block garage on a lot with Niagara frontage.
Where is this warehouse located?
The property is located at 1433 Niagara St Buffalo, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 26,070 SF property on approximately 0.6 acres with frontage on Niagara St.; Includes a 10,972 SF two‑story brick building and a 2‑bay one‑story cinder block garage.; Adjacent lot 1425 Niagara St included for a combined 118 ft of Niagara frontage and 220 ft of depth.
