Two-Unit Duplex with
New
For Sale
$275,000
93 Preston Road, Buffalo, NY 14215
Both residences include kitchens and separate living and dining areas, with outdoor space provided by an upper-level balcony.
Property Size1,914 SF
Price / SF$143.68
Days on Market7
Property Features for 93 Preston Road
General Information
Standard status
Active
Size
1,914 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Cheektowaga
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,944
Amenities
private balcony
Building Details
Building Size
1,914 SF
Year Built
1931
Stories
2
Units
2
Listing Agency:
Keller Williams Realty WNY
Listed By:
Md Nabi Islam · License #10401400344
(646) 410-6786
Source:
Geracerealty
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 26 at 3:59AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex, constructed in 1931, contains two residences. Each has two bedrooms, one full bathroom, a kitchen, and dedicated living and dining areas. A private balcony extends the upper residence with additional outdoor space.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- Kitchens and separate living and dining areas in both units
- Private balcony serving the upper residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,992
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,840
$379.8K
Cap Rate 7%
$271,314
$271.3K
Cap Rate 9%
$211,022
$211.0K
Market Conditions
NOI Build-Up for 1,914 SF
Gross rent
$28.7K $15.00/SF
− Vacancy
−$1.6K −$0.83/SF
EGI
$27.1K $14.17/SF
− OpEx
−$8.1K −$4.25/SF
NOI
$19.0K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,840
Cap Rate 7%
$271,314
Cap Rate 9%
$211,022
Alternative Uses
Best Use
Multifamily LT 5
$271.3K
$237.4K – $316.5K
NOI $18,992 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$249.9K
$218.7K – $291.6K
NOI $17,493 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$460.3K
$402.8K – $537.0K
NOI $32,220 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include kitchens and separate living and dining areas, with outdoor space provided by an upper-level balcony.
Where is this duplex located?
The property is located at 93 Preston Road Buffalo, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; Kitchens and separate living and dining areas in both units; Private balcony serving the upper residence
