Multifamily Property with Updated
For Sale
$374,900
40 Fairchild Place, Buffalo, NY 14216
Traditional woodwork and hardwood flooring retain interior character alongside modernized kitchen spaces.
Property Size2,727 SF
Days on Market14
Property Features for 40 Fairchild Place
General Information
Standard status
Active
Size
2,727 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,228
Building Details
Building Size
2,727 SF
Year Built
1910
Listing Agency:
HUNT Real Estate ERA
Listed By:
Steven Persico · License #10301222741
(716) 553-1486
Source:
Highfallssir
Added: Oct 5
Changed: Oct 17
Last Checked: Oct 16 at 2:59PM
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
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Investment Insights
Based on property information with market context.
Built in 1910, this multifamily property includes two updated kitchens, traditional woodwork, and hardwood floors. The interior combines these original details with refreshed kitchen areas.
The property is at 40 Fairchild Place in Buffalo, New York, ZIP code 14216.
The property is at 40 Fairchild Place in Buffalo, New York, ZIP code 14216.
Key Highlights
- Two updated kitchens
- Traditional woodwork and hardwood floors
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,923
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,460
$498.5K
Cap Rate 7%
$356,043
$356.0K
Cap Rate 9%
$276,922
$276.9K
Market Conditions
NOI Build-Up for 2,727 SF
Gross rent
$47.4K $17.40/SF
− Vacancy
−$2.1K −$0.78/SF
EGI
$45.3K $16.62/SF
− OpEx
−$20.4K −$7.48/SF
NOI
$24.9K $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%
$498,460
Cap Rate 7%
$356,043
Cap Rate 9%
$276,922
Alternative Uses
Best Use
Apartment 5plus
$356.0K
$311.5K – $415.4K
NOI $24,923 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$655.8K
$573.8K – $765.1K
NOI $45,905 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
Explore this area
Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Traditional woodwork and hardwood flooring retain interior character alongside modernized kitchen spaces.
Where is this multifamily property located?
The property is located at 40 Fairchild Place Buffalo, NY.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two updated kitchens; Traditional woodwork and hardwood floors; Built in 1910
