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    990 Niagara St Buffalo, NY 14213

    • Warehouses
    • 49,874 SF
    • 0.94 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US63-1571522
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 990 Niagara St

    Year built
    1930
    Lot size
    0.94 lot acres
    Property size
    49,874 SF
    Zone code
    N-1S
    Property type
    Warehouses
    APN
    140200 99.49-6-8
    APU
    140200994968

    Description

    This exceptional redevelopment opportunity in Buffalo, NY, presents a fully entitled project at 990 Niagara Street. The 1.05-acre site features approved plans and permits for a 10-story building (130' high) encompassing 95 residential units – 48 one-bedroom and 47 two-bedroom apartments – and 6,000 square feet of ground-level retail space. The development also includes a 170-car parking ramp, a landscaped rooftop terrace with panoramic views, and a dog park. Construction drawings and site plans are available. The existing 50,246 - 125,000 square foot structure includes a parking ramp approved for ground-level commercial use. This project benefits from approximately $5.5 million in Brownfield Cleanup Program (BCP) credits, significantly reducing development costs. The building's design incorporates a three-story terrace atop the parking ramp. The asking price is $4.25 million. This prime location offers stunning views of the Niagara River and capitalizes on Buffalo's thriving market. The property's year of construction is 1923 for the existing structure, with the new construction to be determined. This is a rare chance to acquire a fully permitted, high-value mixed-use development in a rapidly growing urban area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $640,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $400,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $435,000
      Mixed-Use
      $375,000
      Hospitality
      $405,000
      Educational
      $410,000
      Residential Income
      $420,000
      Energy
      $445,000
      Income-Based Land
      $415,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.9006
    Latitude
    42.9103
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,378
    $441,700
    $208,300
    $650,000
    -
    $631,000
    $297,571
    $928,571

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    • Value Estimation
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      1511 Niagara St

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    • Value Estimation
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    • Value Estimation
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      0.06 Acres

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    990 Niagara St
    Buffalo, NY 14213
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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
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