16-Unit Apartment
For Sale
$1,799,000
575 Starin Ave, Buffalo, NY 14216
Four-building rental property with two-bedroom layouts and dedicated parking for every residence.
Property Size9,392 SF
Price / SF$191.55
Days on Market56
Property Features for 575 Starin Ave
General Information
Standard status
Active
Size
9,392 SF
Total Parking Spaces
16
Property subtype
Residential Income
Site & Location
Neighborhood
Central Park
Units
Unit Mix
16 x 2BR
Multifamily Units
16
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$25,975
Amenities
laundry hookup
secured storage
outdoor space
Building Details
Buildings
4
Listing Agency:
Gurney Becker & Bourne
(716) 849-1234
Listed By:
Gary Greco Jr · License #10401251303
(716) 208-5340
Source:
Exprealty
Added: Sep 3
Changed: Oct 27
Last Checked: Oct 26 at 9:10PM
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 Gurney Becker & Bourne
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Investment Insights
Based on property information with market context.
This multifamily property comprises 16 apartments distributed among four buildings at 575 Starin Ave. Every residence is configured as a two-bedroom unit with a kitchen, living area, full bathroom, closets, and additional storage. Individual heating and electric utilities serve each apartment, while hot water is provided by the landlord. Separate laundry hookups and secured storage are also included for each unit.
The complex occupies a corner at Starin Avenue and St. Lawrence in North Buffalo, Buffalo, NY. On-site parking provides 16 spaces, with one assigned to each apartment. Outdoor space behind the buildings adds a shared exterior area for residents.
The complex occupies a corner at Starin Avenue and St. Lawrence in North Buffalo, Buffalo, NY. On-site parking provides 16 spaces, with one assigned to each apartment. Outdoor space behind the buildings adds a shared exterior area for residents.
Key Highlights
- 16 two‑bedroom apartments across four buildings
- Each unit includes a kitchen, living room, full bathroom, closets, and storage
- Separate heating and electric utilities for every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,837
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,740
$1.7M
Cap Rate 7%
$1,226,243
$1.2M
Cap Rate 9%
$953,744
$953.7K
Market Conditions
NOI Build-Up for 9,392 SF
Gross rent
$163.4K $17.40/SF
− Vacancy
−$7.4K −$0.78/SF
EGI
$156.1K $16.62/SF
− OpEx
−$70.2K −$7.48/SF
NOI
$85.8K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,740
Cap Rate 7%
$1,226,243
Cap Rate 9%
$953,744
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,837 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,101 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
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Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-building rental property with two-bedroom layouts and dedicated parking for every residence.
Where is this apartment building located?
The property is located at 575 Starin Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 16 two‑bedroom apartments across four buildings; Each unit includes a kitchen, living room, full bathroom, closets, and storage; Separate heating and electric utilities for every apartment
