Hertel Avenue Multifamily Investment
1925 Hertel Avenue Buffalo, NY 14214
For Sale
$1,250,000
Multifamily property with one vacancy available for showings.
Property Size8,442 SF
Price / SF$148.07
Days on Market104
Property Features for 1925 Hertel Avenue
General Information
Standard status
Active
Size
8,442 SF
Property subtype
Multi Family / Other
Building Details
Year Built
1970
Listing Agency:
Santa Maria Development, LLC
(716) 783-6920
Listed By:
Michael Santa Maria · License #10491211920
(716) 783-6920
Source:
Compass
Added: Apr 18
Changed: Jul 10
Last Checked: Jul 29 at 12:52PM
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 Santa Maria Development, LLC
Investment Insights
Based on property information with market context.
This multifamily property, with a size of 8442 square feet, presents an investment opportunity. Currently, there is one vacancy, and the unit is available for showings.
Key Highlights
- Expansive 8442 sq ft total area.
- Full basement offers potential for additional living space or storage.
- Two‑level layout provides distinct living zones.
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 | $146.9k | $17.40 |
| − Vacancy | −$6.6k | −$0.78 |
| EGI | $140.3k | $16.62 |
| − OpEx | −$63.1k | −$7.48 |
| NOI | $77.2k | $9.14 |
8,442 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$964.4K – $1.29M
NOI $77,154 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,109 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with one vacancy available for showings.
Where is this multifamily property located?
The property is located at 1925 Hertel Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Expansive 8442 sq ft total area.; Full basement offers potential for additional living space or storage.; Two‑level layout provides distinct living zones.
