1900s Multifamily Building with
25 Mariner Street Buffalo, NY 14201
New
For Sale
$1,050,000
Six 1-bedroom units in a 3-story multifamily building with on-site laundry, on-street parking, zoned N-2R.
Property Size6,000 SF
Price / SF$175
Days on Market3
Property Features for 25 Mariner Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Multi-Unit
Listing Agency:
Buffalo Office
(716) 852-7500
Listed By:
Tyler A. Balentine
(716) 852-7500
Source:
Pyramidbrokerage
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 29 at 3:37AM
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 Office
Investment Insights
Based on property information with market context.
This 6,000 SF multifamily building was built in 1900 and features 6 units arranged across three stories. Each unit is a 1-bedroom, 1-bath layout. The property includes on-site laundry, and parking is available on the street.
Zoned N-2R, the building is positioned to benefit from proximity to the CBD and Elmwood Village. It presents a straightforward configuration for multifamily or apartment investors seeking an income-focused asset with established unit mix.
Zoned N-2R, the building is positioned to benefit from proximity to the CBD and Elmwood Village. It presents a straightforward configuration for multifamily or apartment investors seeking an income-focused asset with established unit mix.
Key Highlights
- 6,000 SF multifamily building built in 1900 with 6 total units in a 3‑story layout
- All units are 1 bedroom and 1 bath (6 units total)
- On‑site laundry 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 | $104.4k | $17.40 |
| − Vacancy | −$4.7k | −$0.78 |
| EGI | $99.7k | $16.62 |
| − OpEx | −$44.9k | −$7.48 |
| NOI | $54.8k | $9.14 |
6,000 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$783.4K
$685.5K – $913.9K
NOI $54,836 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,002 @ 7.0% cap · market cap 9.62%
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 - Six 1-bedroom units in a 3-story multifamily building with on-site laundry, on-street parking, zoned N-2R.
Where is this apartment building located?
The property is located at 25 Mariner Street Buffalo, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 6,000 SF multifamily building built in 1900 with 6 total units in a 3‑story layout; All units are 1 bedroom and 1 bath (6 units total); On‑site laundry included
