1900s Multifamily Building with
For Sale
$1,050,000
25 Mariner Street, Buffalo, NY 14201
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 Market74
Property Features for 25 Mariner Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Multi-Unit
Zoning
N-2R
Additional Details
Multifamily Units
6
Amenities
on-site laundry
on-street parking
Building Details
Building Size
6,000 SF
Year Built
1900
Stories
3
Listing Agency:
Buffalo Office
Listed By:
Tyler A. Balentine
(716) 852-7500
Source:
Pyramidbrokerage
Added: Jul 27
Changed: Sep 25
Last Checked: Oct 7 at 8:37AM
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
Estimated NOI and Cap Rate
NOI / Yr
$54,836
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,720
$1.1M
Cap Rate 7%
$783,371
$783.4K
Cap Rate 9%
$609,289
$609.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$104.4K $17.40/SF
− Vacancy
−$4.7K −$0.78/SF
EGI
$99.7K $16.62/SF
− OpEx
−$44.9K −$7.48/SF
NOI
$54.8K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,720
Cap Rate 7%
$783,371
Cap Rate 9%
$609,289
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
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 14201, NY
12,364
Population
7,172
Households
1.7
Avg Household Size
33
Median Age
39%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
11,240
Density / Sq Mi
$34,204
Median Household Income
$34,081
Median Earnings
$953
Median Rent
$327,900
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
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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
