Corner-Lot
New
For Sale
$535,000
319 Bryant Street, Buffalo, NY 14222
Residential, Buffalo, NY
Property Size2,649 SF
Lot Size0.06 Acres
Price / SF$201.96
Days on Market4
Property Features for 319 Bryant Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Exterior features
Balcony
Appliances
GasWaterHeater
Lot features
Corner Lot, Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Directions
Elmwood to Bryant
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-100-450-0002-026-000
Size
2,649 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4955
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Flooring type
Varies, Vinyl, Hardwood
Building materials
CompositeSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
LoVallo Real Estate
(716) 634-5101
Listed By:
Michael Calabrese · License #10301218793
(716) 949-3405
Added: Aug 17
Changed: Aug 19
Last Checked: Aug 20 at 2:06AM
MLS# B1707423
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,649-square-foot triplex, built in 1900, contains three apartments with two bedrooms on the first level, three bedrooms on the second, and one bedroom upstairs. The lower two units have updated windows, kitchen cabinetry, bedroom carpeting, lighting, and interior paint. Hardwood flooring appears throughout much of the building, complemented by a sunroom, built-in cabinetry, and a second-floor walk-out porch. A full basement, one-car driveway, composite siding, asphalt roof, public water, forced-air natural gas heat, and a gas water heater add to the property’s physical features.
The building occupies a 0.0597-acre corner lot at 319 Bryant Street in Buffalo’s Elmwood Village. Trattoria Aroma is across the street, while Elmwood Avenue is one block away. The third-floor apartment is currently occupied, and the property includes three bathrooms in total.
The building occupies a 0.0597-acre corner lot at 319 Bryant Street in Buffalo’s Elmwood Village. Trattoria Aroma is across the street, while Elmwood Avenue is one block away. The third-floor apartment is currently occupied, and the property includes three bathrooms in total.
Key Highlights
- Three‑unit layout with 2‑bedroom, 3‑bedroom, and 1‑bedroom apartments
- 2,649 square feet on a 0.0597‑acre corner lot
- Lower two apartments updated with windows, cabinetry, carpeting, lighting, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,285
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$525,700
$525.7K
Cap Rate 7%
$375,500
$375.5K
Cap Rate 9%
$292,056
$292.1K
Market Conditions
NOI Build-Up for 2,649 SF
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.
Gross rent
$39.7K $15.00/SF
− Vacancy
−$2.2K −$0.83/SF
EGI
$37.5K $14.17/SF
− OpEx
−$11.3K −$4.25/SF
NOI
$26.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$525,700
Cap Rate 7%
$375,500
Cap Rate 9%
$292,056
Alternative Uses
Best Use
Multifamily LT 5
$375.5K
$328.6K – $438.1K
NOI $26,285 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$345.9K
$302.6K – $403.5K
NOI $24,210 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$637.0K
$557.4K – $743.2K
NOI $44,592 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,370
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer varied bedroom layouts, updated lower units, and residential income property configuration.
Where is this triplex located?
The property is located at 319 Bryant Street Buffalo, NY.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Three‑unit layout with 2‑bedroom, 3‑bedroom, and 1‑bedroom apartments; 2,649 square feet on a 0.0597‑acre corner lot; Lower two apartments updated with windows, cabinetry, carpeting, lighting, and fresh paint
