1537 Hertel Ave, Buffalo, NY
All-brick mixed-use property with retail and apartments in vibrant location.
- Added:
- Jul 4, 2025
- Days on Market:
- 346
- Last Refresh:
- May 20 at 9:12 pm
Property Features for 1537 Hertel Ave
General Information
- Standard status
- Active
- Size
- 6,930 SF
- Lot size
- 0.07 Acres
- Property subtype
- RETAIL
Listing agent John Heffron License #40HE0999928
Listing office Gurney Becker & Bourne (716) 849-1234
Listing date Jul 4, 2025
Source Moodyscre
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
HighLights
- Prime location on a vibrant block of Hertel Strip in North Buffalo.
- Nearly 4,000 square feet of prime retail frontage, total space close to 8,000 square feet.
- Mixed‑use building with retail space and two updated apartments.
- Income‑generating potential from retail space and apartments.
- All‑brick construction with timeless curb appeal.
- Flexible layout offering endless potential for various uses.
Overview
Local Financial Insights For Mixed Use
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 | $133.1k | $19.20 |
| − Vacancy | −$13.3k | −$1.92 |
| EGI | $119.8k | $17.28 |
| − OpEx | −$44.9k | −$6.48 |
| NOI | $74.8k | $10.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8512
- Latitude
- 42.9474