Niagara Street Multifamily Investment
For Sale
Contact for pricing
Pending
539 Niagara St, Buffalo, NY 14201
Two buildings with potential for 14 apartments near D’Youville University.
Property Size11,800 SF
Days on Market888
Property Features for 539 Niagara St
General Information
Standard status
Pending
Size
11,800 SF
Class
C
Property subtype
Multifamily
Investment Type
Redevelopment
Building Details
Buildings
2
Stories
3
Units
14
Listing Agency:
Schneider Real Estate Services
(716) 882-0212
Listed By:
Matt Hartrich · License #NY 10491208216
Source:
Crexi
Added: Mar 19, 2024
Changed: Aug 10
Last Checked: Aug 22 at 12:18PM
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 Schneider Real Estate Services
Investment Insights
Based on property information with market context.
The property at 539 Niagara Street features two buildings, situated in a rapidly appreciating area of Buffalo, on a major urban corridor with significant public and private investment. Building 1 contains six existing apartments, with two rented month-to-month and four vacant, requiring renovation, and has an approximate area of 4,200 square feet, with 1,400 square feet per floor. Building 2 is vacant and fully gutted, offering the potential for eight apartments, with an approximate area of 5,904 square feet; floors 1 and 2 are approximately 2,200 square feet each, and floor 3 is approximately 1,600 square feet. The property is located two blocks from D’Youville University, which is undergoing growth and investments, including a recently announced $154 million medical school development. It is also two blocks from Lake Erie and the Niagara River, and two waterfront parks, including the Ralph Wilson Park, which is currently undergoing a $110 million redevelopment. The property is one mile from downtown and less than a mile from the Buffalo Niagara Medical Campus, home to the University at Buffalo’s School of Medicine and three major hospitals, including Roswell Park Cancer Center. It is also within 1/2 mile of the I-90 interstate and the international Peace Bridge and Canadian border and is situated on a prominent transit corridor. The total property size is 11,800 square feet.
Key Highlights
- Prime location in a rapidly appreciating area of Buffalo with significant public and private investment.
- Close proximity to D’Youville University, including its announced $154M medical school development.
- Building 2 offers the potential for 8 apartments after renovation.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
923
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings with potential for 14 apartments near D’Youville University.
Where is this apartment building located?
The property is located at 539 Niagara St Buffalo, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Prime location in a rapidly appreciating area of Buffalo with significant public and private investment.; Close proximity to D’Youville University, including its announced $154M medical school development.; Building 2 offers the potential for 8 apartments after renovation.
