Brick Duplex with Replacement
New
For Sale
$260,000
402 Busti Avenue, Buffalo, NY 14201
Both residences include a living room, an eat-in kitchen, and separate gas and electric meters.
Property Size2,028 SF
Days on Market7
Property Features for 402 Busti Avenue
General Information
Standard status
Active
Size
2,028 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,481
Building Details
Building Size
2,028 SF
Year Built
1900
Construction
brick
Listing Agency:
eXp Realty
Listed By:
Crystal Moye · License #10401385111
(716) 401-9200
Source:
Highfallssir
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 11:04PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Built in 1900, this brick duplex contains two residences with a combined six bedrooms and two full bathrooms. Each unit has three bedrooms, one bathroom, a living room, and an eat-in kitchen. Interior work includes refreshed kitchens and bathrooms, newer flooring, and replacement windows.
Separate gas and electric meters serve the units. The property is in Buffalo, near Niagara Street, downtown, and the Peace Bridge.
Separate gas and electric meters serve the units. The property is in Buffalo, near Niagara Street, downtown, and the Peace Bridge.
Key Highlights
- Two residences with 3 bedrooms and 1 full bath each
- Brick exterior with replacement windows
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,123
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,460
$402.5K
Cap Rate 7%
$287,471
$287.5K
Cap Rate 9%
$223,589
$223.6K
Market Conditions
NOI Build-Up for 2,028 SF
Gross rent
$30.4K $15.00/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$28.7K $14.17/SF
− OpEx
−$8.6K −$4.25/SF
NOI
$20.1K $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 Rate 5%
$402,460
Cap Rate 7%
$287,471
Cap Rate 9%
$223,589
Alternative Uses
Best Use
Multifamily LT 5
$287.5K
$251.5K – $335.4K
NOI $20,123 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$264.8K
$231.7K – $308.9K
NOI $18,535 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$487.7K
$426.7K – $569.0K
NOI $34,139 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
Business Placement
Demographics for 14201, NY
12,364
Population
7,172
Households
1.7
Avg Household Size
33
Median Age
39%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
11,240
Density / Sq Mi
$34,204
Median Household Income
$34,081
Median Earnings
$953
Median Rent
$327,900
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include a living room, an eat-in kitchen, and separate gas and electric meters.
Where is this duplex located?
The property is located at 402 Busti Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two residences with 3 bedrooms and 1 full bath each; Brick exterior with replacement windows; Separate gas and electric meters for each unit
