New
For Sale
$229,900
161 Dodge Street, Buffalo, NY 14209
Duplexes
Property Size2,263 SF
Days on Market6
Property Features for 161 Dodge Street
General Information
Standard status
Active
Size
2,263 SF
Property subtype
Duplex
Site & Location
Neighborhood
Masten Park
Taxes and HOA fees
Annual Taxes
$1,443
Building Details
Building Size
2,263 SF
Year Built
1880
Listing Agency:
HUNT Real Estate ERA
Listed By:
Md Nazmul Hussain · License #10401369637
(347) 968-4231
Source:
Highfallssir
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 24 at 11:24PM
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 HUNT Real Estate ERA
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,682
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,640
$413.6K
Cap Rate 7%
$295,457
$295.5K
Cap Rate 9%
$229,800
$229.8K
Market Conditions
NOI Build-Up for 2,263 SF
Gross rent
$39.4K $17.40/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$37.6K $16.62/SF
− OpEx
−$16.9K −$7.48/SF
NOI
$20.7K $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%
$413,640
Cap Rate 7%
$295,457
Cap Rate 9%
$229,800
Alternative Uses
Best Use
Multifamily LT 5
$320.8K
$280.7K – $374.3K
NOI $22,455 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$295.5K
$258.5K – $344.7K
NOI $20,682 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$544.2K
$476.2K – $634.9K
NOI $38,094 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,158
Businesses Nearby
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Business Placement
Demographics for 14209, NY
8,251
Population
4,729
Households
1.7
Avg Household Size
39
Median Age
46%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
8,251
Density / Sq Mi
$49,359
Median Household Income
$33,329
Median Earnings
$1,025
Median Rent
$408,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this duplex located?
The property is located at 161 Dodge Street Buffalo, NY.
What is the asking price?
The asking price for this property is $229,900.
