Multifamily
New
For Sale
$249,900
83 Wakefield Avenue, Buffalo, NY 14214
The seller will make no repairs as part of the sale.
Property Size2,258 SF
Days on Market4
Property Features for 83 Wakefield Avenue
General Information
Standard status
Active
Size
2,258 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$46,612
Building Details
Building Size
2,258 SF
Year Built
1920
Listing Agency:
Keller Williams Realty WNY
Listed By:
Hasan Mahmud · License #10401388714
(718) 902-0501
Source:
Highfallssir
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 4 at 2:15PM
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 Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
The multifamily property at 83 Wakefield Avenue in Buffalo, New York, was built in 1920. It is offered in its current condition, with the seller declining to complete repairs, including work requested by an appraiser or lender.
Key Highlights
- Built in 1920
- Seller will not complete repairs, including those required by an appraisal or lender
- 83 Wakefield Avenue, Buffalo, NY 14214
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,637
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,740
$412.7K
Cap Rate 7%
$294,814
$294.8K
Cap Rate 9%
$229,300
$229.3K
Market Conditions
NOI Build-Up for 2,258 SF
Gross rent
$39.3K $17.40/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$37.5K $16.62/SF
− OpEx
−$16.9K −$7.48/SF
NOI
$20.6K $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%
$412,740
Cap Rate 7%
$294,814
Cap Rate 9%
$229,300
Alternative Uses
Best Use
Apartment 5plus
$294.8K
$258.0K – $344.0K
NOI $20,637 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.0K
$475.1K – $633.5K
NOI $38,010 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 14214, NY
20,732
Population
9,280
Households
2.2
Avg Household Size
32
Median Age
46%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
6,282
Density / Sq Mi
$56,573
Median Household Income
$29,928
Median Earnings
$1,072
Median Rent
$234,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - The seller will make no repairs as part of the sale.
Where is this multifamily property located?
The property is located at 83 Wakefield Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Built in 1920; Seller will not complete repairs, including those required by an appraisal or lender; 83 Wakefield Avenue, Buffalo, NY 14214
