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    84 Mariner St Buffalo, NY 14201

    Sponsored
    For Sale
    $1,017,000

    8-unit apartment building, high ROI potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional value-add opportunity presents an eight-unit apartment building located at 84 Mariner Street in Buffalo, New York's vibrant Allentown neighborhood. The property boasts 11,872 square feet across four stories in a single building. Currently, it offers a 13% cap rate with a pro-forma cap rate of 17.5% and a pro-forma NOI of $178,000. The asking price is $1,017,000, translating to a price per unit of $127,125. This presents a significant opportunity for investors seeking to increase profitability through renovations and repositioning. The property's location within the thriving Allentown area provides easy access to Buffalo's downtown core and major attractions, ensuring strong rental demand. This is a Class B multifamily investment, ideal for those seeking to capitalize on Buffalo's ongoing growth. The property's current condition offers substantial potential for value enhancement, making it an attractive investment for experienced real estate investors. Detailed financial projections and further information are available upon request. This is a for-sale-by-owner property.

    Property Features for 84 Mariner St

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Buildings
    1
    Stories
    4
    Units
    8
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.877993996968
    Latitude
    42.899178424688

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    FAQs

    What type of property is this?
    Multifamily property - 8-unit apartment building, high ROI potential.
    Where is this multifamily property located?
    The property is located at 84 Mariner St Buffalo, NY.
    What is the asking price?
    The asking price for this property is $1,017,000.
    Request Owner's contact information
    84 Mariner St Buffalo, NY 14201
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    Buffalo, NY 14201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    84 Mariner St Buffalo, NY 14201
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