164 Chalmers Avenue, Buffalo, NY 14214
Built in 2019 with 1- and 2-bedroom apartments featuring in-unit laundry and off-street parking.
- Added:
- Jun 8, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 20 at 3:49 am
Property Features for 164 Chalmers Avenue
General Information
- Standard status
- Active
- Size
- 45,337 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2019
Listing agent Sam Finkler License #NY 10401291664
Listing office Besen Partners
Listing date Jun 8, 2026
Source Crexi
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 Besen Partners
HighLights
- Built in 2019; 39 total apartments with a mix of 1- and 2‑bedroom units
- Average unit size is 1,162 SF per apartment
- Units include in‑unit laundry and stainless steel appliances
- Kitchen finishes include granite countertops and modern, open layouts
- Off‑street parking and landscaped green space on site
- Northeast Buffalo location: on the north side of Chalmers Ave between Holden St and Hill St
Overview
Located on the north side of Chalmers Avenue between Holden Street and Hill Street in Northeast Buffalo, the property is positioned for residents who want straightforward access to public transportation. The surrounding area supports a broader employment base that includes major regional institutions cited in the marketing materials, including the University at Buffalo, Buffalo Niagara Medical Campus, M&T Bank HQ, and Tesla Gigafactory 2.
For prospective tenants, the combination of contemporary finishes, spacious one- and two-bedroom floor plans, and in-unit laundry supports everyday convenience. For buyers, the building’s newer construction and established unit mix can help support straightforward leasing and property operations within Buffalo’s rental market, including connectivity to transit and on-site parking for residents.
Local Financial Insights For Apartment 5plus
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 | $788.9k | $17.40 |
| − Vacancy | −$35.5k | −$0.78 |
| EGI | $753.4k | $16.62 |
| − OpEx | −$339.0k | −$7.48 |
| NOI | $414.4k | $9.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.828476
- Latitude
- 42.967163
