2-Unit Tudor
For Sale
$1,495,000
Pending
200 Summer Street, Buffalo, NY 14222
Two separately serviced residences include updated kitchens, central air, and forced-air heat.
Property Size9,106 SF
Days on Market15
Property Features for 200 Summer Street
General Information
Standard status
Pending
Size
9,106 SF
Property subtype
Business
Site & Location
Neighborhood
Elmwood Bryant
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,337
Amenities
sunroom
covered driveway entrance
detached garage
basement
Building Details
Building Size
9,106 SF
Year Built
1892
Buildings
1
Construction
Tudor Revival
Listing Agency:
Keller Williams Realty WNY
Listed By:
Lynn M McCarthy · License #10301214462
(716) 308-1708
Source:
Highfallssir
Added: Oct 15
Changed: Oct 28
Last Checked: Oct 28 at 6:03PM
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 Keller Williams Realty WNY
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Investment Insights
Based on property information with market context.
Built in 1892, this Tudor Revival duplex contains two similar residential units. Interior details include original woodwork, hardwood flooring, leaded glass, and a windowed sunroom. Both kitchens have been updated, and the upper unit includes a Wolf range. Separate utilities, central air, forced-air heating, and full dry basements serve the property. The third floor remains unfinished, offering additional flexible space. Exterior features include a three-story tower, decorative wood detailing, a covered driveway entrance, and a detached garage with a new roof.
The property is on Summer Street near Allentown, Elmwood Village, Symphony Circle, Kleinhans Music Hall, the Buffalo AKG Art Museum, and Delaware Park.
The property is on Summer Street near Allentown, Elmwood Village, Symphony Circle, Kleinhans Music Hall, the Buffalo AKG Art Museum, and Delaware Park.
Key Highlights
- Two residential units with separate utilities
- Tudor Revival property built in 1892
- Updated kitchens; upper unit includes a Wolf range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,354
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,080
$1.8M
Cap Rate 7%
$1,290,771
$1.3M
Cap Rate 9%
$1,003,933
$1.0M
Market Conditions
NOI Build-Up for 9,106 SF
Gross rent
$136.6K $15.00/SF
− Vacancy
−$7.5K −$0.83/SF
EGI
$129.1K $14.17/SF
− OpEx
−$38.7K −$4.25/SF
NOI
$90.4K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,080
Cap Rate 7%
$1,290,771
Cap Rate 9%
$1,003,933
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,354 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,223 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,287 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,316
Businesses Nearby
Explore this area
Business Placement
Demographics for 14222, NY
13,629
Population
7,355
Households
1.9
Avg Household Size
32
Median Age
63%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
11,358
Density / Sq Mi
$83,692
Median Household Income
$50,045
Median Earnings
$1,168
Median Rent
$408,100
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
What type of property is this?
Duplex - Two separately serviced residences include updated kitchens, central air, and forced-air heat.
Where is this duplex located?
The property is located at 200 Summer Street Buffalo, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Two residential units with separate utilities; Tudor Revival property built in 1892; Updated kitchens; upper unit includes a Wolf range
