Niagara Street Multifamily Investment
539 Niagara St, Buffalo, NY 14201
Two buildings with potential for 14 apartments near D’Youville University.
Type:Multifamily
Property size:
11,800 SFPrice / SF:
$31/SF- Added:
- Mar 19, 2024
- Days on Market:
- 786
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 539 Niagara St
General Information
- Standard status
- Active
- Size
- 11,800 SF
- Property subtype
- Multifamily
Listing agent Matt Hartrich License #NY 10491208216
Listing office Schneider Real Estate Services
Listing date Mar 19, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Schneider Real Estate Services
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.
- Convenient access to major transportation routes including I‑90, the Peace Bridge to Canada, and public transit.
- Building 1 contains 6 existing apartments, offering immediate rental income potential.
- Near waterfront parks, downtown Buffalo, and the Buffalo Niagara Medical Campus.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8891955
- Latitude
- 42.8986989
Nearby Similar for Sale
FAQs
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.
