Historic Brick Multifamily
176 North Street Buffalo, NY 14201
For Sale
$2,249,000
All-brick 9-unit building plus 2-unit carriage house in a historic Buffalo district, with updated kitchens, baths, and mechanical systems.
Property Size11,586 SF
Price / SF$194.11
Days on Market254
Property Features for 176 North Street
General Information
Standard status
Active
Size
11,586 SF
Property subtype
Multi Family / Other
Building Details
Year Built
1920
Listing Agency:
Buffalo First Realty Group Inc
(716) 465-1361
Listed By:
Raymond A Smith · License #40SM1090023
(716) 465-1361
Source:
Compass
Added: Nov 17, 2025
Changed: Jul 22
Last Checked: Jul 28 at 12:20PM
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 Buffalo First Realty Group Inc
Investment Insights
Based on property information with market context.
176 North Street presents a distinctive, all-brick multifamily building featuring nine units plus an additional two-unit carriage house. The property’s historic character is highlighted by architectural windows, original hand-crafted woodwork, a grand staircase, original hardwood floors, and stained glass details in the residences.
Unit interiors include updated kitchens and bathrooms alongside modern electrical systems. The property also benefits from newer hot water tanks and plumbing improvements, combining practical upgrades with preserved original finishes.
Overall, the building offers a residential income configuration of 11 total units within a setting identified as Buffalo’s Allentown Historical District.
Unit interiors include updated kitchens and bathrooms alongside modern electrical systems. The property also benefits from newer hot water tanks and plumbing improvements, combining practical upgrades with preserved original finishes.
Overall, the building offers a residential income configuration of 11 total units within a setting identified as Buffalo’s Allentown Historical District.
Key Highlights
- All‑brick 9‑unit building plus 2‑unit carriage house in Buffalo’s Allentown Historical District
- Updated kitchens and bathrooms throughout, with modern electrical systems and plumbing improvements
- Newer hot water tanks and gas forced‑air heating; gas water heater included
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 | $201.6k | $17.40 |
| − Vacancy | −$9.1k | −$0.78 |
| EGI | $192.5k | $16.62 |
| − OpEx | −$86.6k | −$7.48 |
| NOI | $105.9k | $9.14 |
11,586 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,889 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,034 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - All-brick 9-unit building plus 2-unit carriage house in a historic Buffalo district, with updated kitchens, baths, and mechanical systems.
Where is this apartment building located?
The property is located at 176 North Street Buffalo, NY.
What is the asking price?
The asking price for this property is $2,249,000.
What are key features of this property?
This property features: All‑brick 9‑unit building plus 2‑unit carriage house in Buffalo’s Allentown Historical District; Updated kitchens and bathrooms throughout, with modern electrical systems and plumbing improvements; Newer hot water tanks and gas forced‑air heating; gas water heater included
