Two-Story Mixed-Use
22 Lafayette Blvd, Buffalo, NY 14221
For Sale
Contact for pricing
Three occupied spaces combine two offices with a two-bedroom residence in a well-maintained building.
Property Size3,744 SF
Lot Size0.38 Acres
Price / SF$132.21
Days on Market14
Property Features for 22 Lafayette Blvd
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Office Units
Additional Details
Condition
Highway Access
Tenant in Place
Property Use
Building Details
Buildings
Stories
Building Size
Tenancy
Listing Agency:
Hunt Commercial - Buffalo
(716) 854-5943
Listed By:
Joseph Farrauto · License #10301211758
(716) 465-2063
Source:
Moodyscre
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 7 at 5:32PM
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 Commercial - Buffalo
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Investment Insights
Based on property information with market context.
This two-story mixed-use building contains 3,744 square feet on a 0.38-acre parcel. Its layout includes two office suites and a two-bedroom apartment, with long-term tenants in place. HVAC has been updated, and the property has been maintained over time.
On-site parking serves the property, with the I-90 and I-290 expressways and downtown Buffalo a short drive away. The surrounding area includes housing, restaurants, and retail.
On-site parking serves the property, with the I-90 and I-290 expressways and downtown Buffalo a short drive away. The surrounding area includes housing, restaurants, and retail.
Key Highlights
- 3,744‑square‑foot, two‑story building on 0.38 acres
- Two office spaces and one two‑bedroom apartment
- Long‑term tenancies in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,435
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,700
$808.7K
Cap Rate 7%
$577,643
$577.6K
Cap Rate 9%
$449,278
$449.3K
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$71.9K $19.20/SF
− Vacancy
−$7.2K −$1.92/SF
EGI
$64.7K $17.28/SF
− OpEx
−$24.3K −$6.48/SF
NOI
$40.4K $10.80/SF
Area
Buffalo, NY
Vacancy
10.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,700
Cap Rate 7%
$577,643
Cap Rate 9%
$449,278
Alternative Uses
Best Use
Office B
$666.9K
$583.6K – $778.1K
NOI $46,686 @ 7.0% cap · market cap 9.43%
Second Best
Mixed Use
$577.6K
$505.4K – $673.9K
NOI $40,435 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$900.4K
$787.8K – $1.05M
NOI $63,025 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
1
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 14221, NY
55,275
Population
25,281
Households
2.2
Avg Household Size
48
Median Age
57%
College-Educated
96%
High-School Grad
23.4 sq mi
ZIP Area
2,362
Density / Sq Mi
$101,275
Median Household Income
$58,665
Median Earnings
$1,560
Median Rent
$298,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Buffalo, NY
Properties on Market for Mixed-use properties in Buffalo
Vacancy Rate% for Office in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three occupied spaces combine two offices with a two-bedroom residence in a well-maintained building.
Where is this mixed-use property located?
The property is located at 22 Lafayette Blvd Buffalo, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 3,744‑square‑foot, two‑story building on 0.38 acres; Two office spaces and one two‑bedroom apartment; Long‑term tenancies in place
