Historic Triplex with Exposed
For Sale
$419,999
Pending
46 Whitney Place, Buffalo, NY 14201
Three-unit residential property with high ceilings, oversized windows, and two vacant units for renovation or occupancy planning.
Property Size3,271 SF
Days on Market56
Property Features for 46 Whitney Place
General Information
Standard status
Pending
Size
3,271 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,060
Building Details
Building Size
3,271 SF
Year Built
1870
Listing Agency:
716 Realty Group WNY LLC
Listed By:
Gregory Straus · License #10491211091
(716) 864-1055
Source:
Highfallssir
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 16 at 6:32PM
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 716 Realty Group WNY LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1870, this Buffalo triplex contains three residential units with distinct layouts and period character. Interior features include exposed brick accents, high ceilings, and oversized windows that bring natural light into the spaces. Two units are currently vacant, while the property’s configuration allows the next owner to evaluate renovation, leasing, or owner-occupancy plans.
The property is located at 46 Whitney Place in Buffalo, NY 14201, near downtown dining, entertainment, businesses, and major routes. Its central setting places the building within an established urban environment while retaining the architectural character associated with its construction era.
The property is located at 46 Whitney Place in Buffalo, NY 14201, near downtown dining, entertainment, businesses, and major routes. Its central setting places the building within an established urban environment while retaining the architectural character associated with its construction era.
Key Highlights
- Three‑unit triplex built in 1870
- Two of three units currently vacant
- Exposed brick accents and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,456
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,120
$649.1K
Cap Rate 7%
$463,657
$463.7K
Cap Rate 9%
$360,622
$360.6K
Market Conditions
NOI Build-Up for 3,271 SF
Gross rent
$49.1K $15.00/SF
− Vacancy
−$2.7K −$0.83/SF
EGI
$46.4K $14.17/SF
− OpEx
−$13.9K −$4.25/SF
NOI
$32.5K $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%
$649,120
Cap Rate 7%
$463,657
Cap Rate 9%
$360,622
Alternative Uses
Best Use
Multifamily LT 5
$463.7K
$405.7K – $540.9K
NOI $32,456 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$427.1K
$373.7K – $498.3K
NOI $29,895 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$786.6K
$688.3K – $917.7K
NOI $55,063 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,351
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with high ceilings, oversized windows, and two vacant units for renovation or occupancy planning.
Where is this triplex located?
The property is located at 46 Whitney Place Buffalo, NY.
What is the asking price?
The asking price for this property is $419,999.
What are key features of this property?
This property features: Three‑unit triplex built in 1870; Two of three units currently vacant; Exposed brick accents and high ceilings
