Mixed-Use Retail and
79 Main Street Hamburg, NY 14075
79 Main Street, Hamburg, NY, 14075
$950,000
For Sale
$950,000
Two storefronts and seven apartments are complemented by a 12-car parking lot on a multi-building residential income property.
Property Size12,608 SF
Price / SF$75.35
Days on Market73
Property Features for 79 Main Street
General Information
- Standard status
- Active
- Size
- 12,608 SF
- Property subtype
- Multi Family / Commercial
Building Details
- Year Built
- 1900
Listing agency
Howard Hanna WNY Inc.
(716) 825-0600
Listed by
Martha B Szczygiel · License #40SZ0965471
(716) 825-0600
Source
Compass
Added: May 11 Updated: Jul 21 at 12:11PM Checked: Jul 21 at 12:11PM
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 Howard Hanna WNY Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes two storefront spaces, two separate buildings, and seven apartments. The residential units consist of three one-bedroom apartments and four two-bedroom apartments. Each apartment has its own heating unit, and most units have separate utilities with water shared.
A recent grant to the Village of Hamburg enabled updates to the storefronts for the two commercial units. Each storefront currently has long-term tenants.
The property also includes a 12-car parking lot to support customer and resident access.
A recent grant to the Village of Hamburg enabled updates to the storefronts for the two commercial units. Each storefront currently has long-term tenants.
The property also includes a 12-car parking lot to support customer and resident access.
Key Highlights
- Multi‑building property with 2 storefronts and 7 apartments plus a 12‑car parking lot.
- Apartment mix includes 3 one‑bedroom units and 4 two‑bedroom units; total 7 apartments.
- Both storefronts have long‑term tenants; recent grant funded updated storefronts.
Local Financial Insights For Apartment 5plus
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 | $204.2k | $16.20 |
| − Vacancy | −$71.9k | −$5.70 |
| EGI | $132.4k | $10.50 |
| − OpEx | −$59.6k | −$4.72 |
| NOI | $72.8k | $5.77 |
12,608 SF · lease $16.20/SF/yr · vacancy 35.20% · expense 45.00%
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,363 @ 7.0% cap · market cap 11.93%
Second Best
Apartment 5plus
$1.04M
$909.9K – $1.21M
NOI $72,795 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $192,933 @ 7.0% cap · market cap 20.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Turn The Page Used ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two storefronts and seven apartments are complemented by a 12-car parking lot on a multi-building residential income property.
Where is this apartment building located?
The property is located at 79 Main Street Hamburg, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Multi‑building property with 2 storefronts and 7 apartments plus a 12‑car parking lot.; Apartment mix includes 3 one‑bedroom units and 4 two‑bedroom units; total 7 apartments.; Both storefronts have long‑term tenants; recent grant funded updated storefronts.
