Mixed-Use Retail and Apartments
736 Elmwood Ave Buffalo, NY 14222
736 Elmwood Ave, Buffalo, NY, 14222
$1,099,900
For Sale
$1,099,900
Fully rented mixed-use building with two street-level retail spaces and four renovated apartments.
Property Size5,497 SF
Price / SF$200.09
Days on Market24
Property Features for 736 Elmwood Ave
General Information
- Standard status
- Active
- Size
- 5,497 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing agency
HUNT Commercial Real Estate Corp. of Buffalo New York
(716) 864-1929
Listed by
Nicholas Corto
(716) 864-1929
Source
Huntcommercial
Added: Jun 29 Updated: Jul 21 at 3:13PM Checked: Jul 21 at 3:13PM
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 Real Estate Corp. of Buffalo New York
Investment Insights
Based on property information with market context.
This mixed-use building features two primary storefronts with retail space on the first floor totaling 2,000 square feet. The storefronts include modern windows, a brick facade, and updated buildouts. The second and third floors comprise four city apartments.
The apartments were renovated in 2013 and include updated kitchens and baths, hardwood floors, new windows, and spacious living areas. Retail and apartments each have separate utilities for gas and electric. Showings require 24 hours’ notice for apartment viewings.
The property is fully rented and described as bankable, with steady leases through an unspecified date.
The apartments were renovated in 2013 and include updated kitchens and baths, hardwood floors, new windows, and spacious living areas. Retail and apartments each have separate utilities for gas and electric. Showings require 24 hours’ notice for apartment viewings.
The property is fully rented and described as bankable, with steady leases through an unspecified date.
Key Highlights
- 5,497 sq ft mixed‑use building (built 1920) on a retail corridor in Elmwood Village
- Two street‑level storefronts with first‑floor retail totaling 2,000 sq ft
- Second and third floors include 4 city apartments, each renovated in 2013 with updated kitchens and baths
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.5k | $19.20 |
| − Vacancy | −$10.6k | −$1.92 |
| EGI | $95.0k | $17.28 |
| − OpEx | −$35.6k | −$6.48 |
| NOI | $59.4k | $10.80 |
5,497 SF · lease $19.20/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$848.1K
$742.1K – $989.5K
NOI $59,368 @ 7.0% cap · market cap 5.40%
Second Best
Multifamily LT 5
$779.2K
$681.8K – $909.1K
NOI $54,544 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,534 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ten Thousand Villages
(Bike/Boat/Book/etc) Store
The Atinga Project
Big Box & Wholesale Store
Similar For Sale Nearby
Similar Off Market Nearby
- Same Day Flower Delivery Buffalo - 64 Alo — 1464 Main St, Buffalo, NY 14209
- bōtan — 291 Bryant St, Buffalo, NY 14222
- Sage Flower Shop — 87 16th St, Buffalo, NY 14213
FAQs
What type of property is this?
Storefront property - Fully rented mixed-use building with two street-level retail spaces and four renovated apartments.
Where is this storefront property located?
The property is located at 736 Elmwood Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: 5,497 sq ft mixed‑use building (built 1920) on a retail corridor in Elmwood Village; Two street‑level storefronts with first‑floor retail totaling 2,000 sq ft; Second and third floors include 4 city apartments, each renovated in 2013 with updated kitchens and baths
