Historic Victorian Office
525 Delaware Ave, Buffalo, NY 14202
Three-story office building with parking in prime location.
Type:Office
Property size:
6,111 SFPrice / SF:
$237/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Apr 5 at 8:58 pm
Property Features for 525 Delaware Ave
General Information
- Standard status
- Active
- Size
- 6,111 SF
- Property subtype
- Office
Building Details
- Year Built
- 1900
Listing agent Heidi Nuessle License #10301212311 (716) 880-1917
Listing office Hunt Commercial - Buffalo (716) 880-1917
Listing date Nov 21, 2025
Source Huntcommercial
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 Commercial - Buffalo
HighLights
- Prime location on Delaware Avenue with easy access to Downtown, thruways, and Peace Bridge.
- Historic E.B. Green‑designed Victorian architecture, meticulously maintained.
- Additional attached parcel included, offering ample parking for 37 cars and generating income from month‑to‑month leases.
- Approximately 6,100 SF of flexible office space suitable for various professional configurations.
- Grand Victorian oak staircase and hall, refurbished oak floors, pocket doors, and original hardware.
- Abundant natural light, five fireplaces, marbled bathroom, and alabaster Italian sconces.
Overview
This historic three-story office building, designed by renowned architect E.B. Green and built in 1896, offers approximately 6,100 square feet of office space. The building has been meticulously maintained, blending historic charm with modern office functionality. It features a grand Victorian oak staircase and hall, refurbished oak floors, pocket doors, and original hardware. Five fireplaces add a cozy ambiance, while a marbled bathroom and alabaster Italian sconces exude elegance. Large windows and high ceilings provide abundant natural light. The flexible layout includes reception and conference rooms, private offices, and bathrooms on each floor, suitable for a variety of professional office configurations and uses. The property generates income from month-to-month leased parking spots. Amenities include a detached 2-car garage, a building alarm system, and 3-zone heating. The dry basement is ideal for storage. The property has two means of ingress and egress from both Delaware Avenue and Virginia Place. An additional attached parcel is included in the sale, offering ample parking for 37 cars. The property is located in a prime location on Delaware Avenue, near Allen St, offering easy access to Downtown’s CBD, thruways and Peace Bridge. A majority of the spaces are leased on a month-to-month basis providing additional income.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$846.7K
NOI $76,201 @ 9.00% cap · cautious / downside scenario
Moderate
$1.09M
NOI $76,201 @ 7.00% cap · market / base-case scenario
Aggressive
$1.52M
NOI $76,201 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.7k | $20.40 |
| − Vacancy | −$23.1k | −$3.77 |
| EGI | $101.6k | $16.63 |
| − OpEx | −$25.4k | −$4.16 |
| NOI | $76.2k | $12.47 |
6,111 SF · lease $20.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.09M
$952.5K – $1.27M
NOI $76,201 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.71M
NOI $102,870 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Cosgrove Law Offices
Law Firm
Cosgrove James C
Law Firm
Lennon J Michael
Law Firm
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8737
- Latitude
- 42.8986
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Three-story office building with parking in prime location.
Where is this office building located?
The property is located at 525 Delaware Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Prime location on Delaware Avenue with easy access to Downtown, thruways, and Peace Bridge.; Historic E.B. Green‑designed Victorian architecture, meticulously maintained.; Additional attached parcel included, offering ample parking for 37 cars and generating income from month‑to‑month leases.
