Multifamily Residence with Basement
For Sale
$279,900
Pending
32 BRUNSWICK BLVD, Buffalo, NY 14208
Vacant multifamily home with two full baths, a half bath, and a basement bonus bedroom.
Property Size2,037 SF
Days on Market383
Property Features for 32 BRUNSWICK BLVD
General Information
Standard status
Pending
Size
2,037 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$815
Amenities
Gas
Full
3
Hardwood
2 Garage Spaces.
Frame
Rectangular
35X105
City Road, Rectangular.
Building Details
Year Built
1922
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Syed Rizvi · License #10401279412
(716) 946-2700
Source:
Xome
Added: Aug 21, 2025
Changed: Sep 1
Last Checked: Sep 7 at 4:56AM
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 Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
This vacant multifamily residence offers a total of six bedrooms and two and a half bathrooms, with flexible living space spread across two floors plus additional basement area. The first floor includes a living-dining combination, two bedrooms, a kitchen, and a full bathroom. The second floor features three bedrooms, one full bath, and a living-dining combination. Additional space includes a bonus bedroom and a half bath in the basement.
The property is located at 32 Brunswick Blvd in Buffalo, NY 14208. Public remarks note a solid roof and foundation, along with a dry basement.
Overall, the layout provides distinct floor-by-floor living areas while retaining additional lower-level space for added functionality.
The property is located at 32 Brunswick Blvd in Buffalo, NY 14208. Public remarks note a solid roof and foundation, along with a dry basement.
Overall, the layout provides distinct floor-by-floor living areas while retaining additional lower-level space for added functionality.
Key Highlights
- Vacant multifamily home with 6 bedrooms, 2.5 bathrooms, and a basement bonus bedroom
- Two‑and‑a‑half story layout with 3 bedrooms and 1 full bath on the second floor
- First floor features a living‑dining combo, 2 bedrooms, a kitchen, and a full bath
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
$20,212
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
7.22%
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%
$404,240
$404.2K
Cap Rate 7%
$288,743
$288.7K
Cap Rate 9%
$224,578
$224.6K
Market Conditions
NOI Build-Up for 2,037 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
$30.6K $15.00/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$28.9K $14.17/SF
− OpEx
−$8.7K −$4.25/SF
NOI
$20.2K $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%
$404,240
Cap Rate 7%
$288,743
Cap Rate 9%
$224,578
Alternative Uses
Best Use
Multifamily LT 5
$288.7K
$252.7K – $336.9K
NOI $20,212 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$266.0K
$232.7K – $310.3K
NOI $18,617 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$489.9K
$428.6K – $571.5K
NOI $34,290 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 14208, NY
12,088
Population
5,884
Households
2.1
Avg Household Size
33
Median Age
23%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
10,073
Density / Sq Mi
$46,940
Median Household Income
$23,804
Median Earnings
$932
Median Rent
$118,900
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?
Duplex - Vacant multifamily home with two full baths, a half bath, and a basement bonus bedroom.
Where is this duplex located?
The property is located at 32 BRUNSWICK BLVD Buffalo, NY.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Vacant multifamily home with 6 bedrooms, 2.5 bathrooms, and a basement bonus bedroom; Two‑and‑a‑half story layout with 3 bedrooms and 1 full bath on the second floor; First floor features a living‑dining combo, 2 bedrooms, a kitchen, and a full bath
