31 Herkimer Street Buffalo, NY 14213
For Sale
$260,000
Duplexes
Days on Market53
Property Features for 31 Herkimer Street
General Information
Standard status
Active
Property subtype
Multi Family
Building Details
Year Built
1870
Listing Agency:
Red Door Real Estate WNY LLC
(716) 819-6662
Listed By:
Ahmad Nieves · License #10401336458
(716) 819-6662
Source:
Highfallssir
Added: Jun 8
Changed: Jul 30
Last Checked: Jul 30 at 2:39AM
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 Red Door Real Estate WNY LLC
Financial Insights For Multifamily LT 5
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 | $33.0k | $15.00 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $31.2k | $14.17 |
| − OpEx | −$9.4k | −$4.25 |
| NOI | $21.8k | $9.92 |
2,200 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$311.9K
$272.9K – $363.8K
NOI $21,830 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$287.2K
$251.3K – $335.1K
NOI $20,107 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$529.1K
$462.9K – $617.2K
NOI $37,034 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
Where is this duplex located?
The property is located at 31 Herkimer Street Buffalo, NY.
What is the asking price?
The asking price for this property is $260,000.
