Multifamily
For Sale
$300,000
Pending
354 Tonawanda Street, Buffalo, NY 14207
The Buffalo property dates to 1900.
Property Size1,776 SF
Days on Market13
Property Features for 354 Tonawanda Street
General Information
Standard status
Pending
Size
1,776 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,254
Building Details
Building Size
1,776 SF
Year Built
1900
Listing Agency:
HUNT Real Estate ERA
Listed By:
Christine M Noonan · License #40NO0808337
(716) 578-8701
Source:
Highfallssir
Added: Sep 24
Changed: Sep 29
Last Checked: Oct 5 at 11:00PM
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 HUNT Real Estate ERA
Investment Insights
Based on property information with market context.
This multifamily property at 354 Tonawanda Street in Buffalo, New York, was built in 1900.
Key Highlights
- Built in 1900
- Located at 354 Tonawanda Street, Buffalo, NY 14207
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,231
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,620
$324.6K
Cap Rate 7%
$231,871
$231.9K
Cap Rate 9%
$180,344
$180.3K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$30.9K $17.40/SF
− Vacancy
−$1.4K −$0.78/SF
EGI
$29.5K $16.62/SF
− OpEx
−$13.3K −$7.48/SF
NOI
$16.2K $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%
$324,620
Cap Rate 7%
$231,871
Cap Rate 9%
$180,344
Alternative Uses
Best Use
Apartment 5plus
$231.9K
$202.9K – $270.5K
NOI $16,231 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$427.1K
$373.7K – $498.3K
NOI $29,896 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Explore this area
Business Placement
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
Median Home Value
Check the figures for this property
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?
Multifamily property - The Buffalo property dates to 1900.
Where is this multifamily property located?
The property is located at 354 Tonawanda Street Buffalo, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Built in 1900; Located at 354 Tonawanda Street, Buffalo, NY 14207
