Property profile

1053 Elmwood Ave Buffalo, NY 14222

OFF-MARKET
Investment properties
Property ID
US63-2592626
5,302 SF 0.09 ac lot Built 1912
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1912
Total area 5,302 SF
Lot 0.09 ac (3,990 SF)
Zoning code N-2C
APN 140200 89.62-4-7
UPID US63-2592626

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1053 Elmwood Ave Buffalo, NY 14222-1201
Buffalo metro Census 6302 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$780k
CAP Approach CAP
$880k
Comparable Approach Comparable
by Request
Blend (final) Blend
$775k

Owner & transaction history

since 2021
Last sale
$625,000
2 recorded transactions
2021
Price N/A
2021
$625,000

Zoning & alternative use

N-2C · Buffalo, NY
Zoning description

applied in the N-2C zone. C A B Interior side or Rear Lot LineResidential Zone Interior side or Rear Setback Line RequiredSetback Maximum height permitted in abutting residential zoneA Additional height permitted by step…

General category MIXED_USE
Top alternative use upside
Retail stores $760,000 +83.5%
Neighborhood: shopping center $690,000 +65.8%
Restaurant $655,000 +58.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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