Fully Occupied
For Sale
$624,900
368 Bryant Street, Buffalo, NY 14222
MULTI_FAMILY - Buffalo, NY
Property Size5,014 SF
Lot Size0.10 Acres
Price / SF$124.63
Days on Market9
Property Features for 368 Bryant Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 8, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 3, Bathroom 4, Basement, Bedroom 7, Bathroom 2, Bedroom 1, Bathroom 5
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-100-530-0001-024-000
Size
5,014 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
9791
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
4
Flooring type
Varies, Tile, Hardwood
Building materials
WoodSiding
Listing Agency:
Superlative Real Estate, Inc.
(716) 553-3558
Listed By:
Mark Hanes · License #10401260598
(716) 998-6089
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 11 at 8:06PM
MLS# B1702041
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 5,014-square-foot quadplex contains four occupied apartments with a varied mix: one 3BR/2 Bath unit, one 1BR/1 Bath unit, one 2BR/1Bath unit, and one 2BR plus den/1 bath unit. The 1910 building features wood siding, hardwood and tile flooring, forced-air heating with natural gas, public water, and basement space. The property sits on a 0.097-acre lot at 368 Bryant Street in Buffalo's Elmwood Village.
Elmwood Avenue's restaurants, boutiques, cafes, parks, and cultural attractions are within steps of the property. The location also provides access to downtown Buffalo, hospitals, and public transportation.
Elmwood Avenue's restaurants, boutiques, cafes, parks, and cultural attractions are within steps of the property. The location also provides access to downtown Buffalo, hospitals, and public transportation.
Key Highlights
- Four‑unit quadplex is fully occupied
- 5,014 square feet on a 0.097‑acre lot
- Unit mix includes 3BR/2 Bath, 1BR/1 Bath, 2BR/1Bath, and 2BR plus den/1 bath apartments
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
$49,751
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
7.96%
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%
$995,020
$995.0K
Cap Rate 7%
$710,729
$710.7K
Cap Rate 9%
$552,789
$552.8K
Market Conditions
NOI Build-Up for 5,014 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
$75.2K $15.00/SF
− Vacancy
−$4.1K −$0.83/SF
EGI
$71.1K $14.17/SF
− OpEx
−$21.3K −$4.25/SF
NOI
$49.8K $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%
$995,020
Cap Rate 7%
$710,729
Cap Rate 9%
$552,789
Alternative Uses
Best Use
Multifamily LT 5
$710.7K
$621.9K – $829.2K
NOI $49,751 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$654.6K
$572.8K – $763.8K
NOI $45,825 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,404 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,259
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four leased apartments offer varied layouts in a 1910 building with basement space.
Where is this quadplex located?
The property is located at 368 Bryant Street Buffalo, NY.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Four‑unit quadplex is fully occupied; 5,014 square feet on a 0.097‑acre lot; Unit mix includes 3BR/2 Bath, 1BR/1 Bath, 2BR/1Bath, and 2BR plus den/1 bath apartments
