Property profile

135 Delaware Ave Buffalo, NY 14202

OFF-MARKET
Office buildings
Property ID
US63-0230665
75,941 SF 0.34 ac lot Built 1961
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This six-story, Class B office building at 135 Delaware Avenue in Buffalo, NY, offers 75,941 square feet of executive office space. Located in the heart of the Central Business District, just one block from Niagara Square, this prime location provides easy access to courts, City Hall, and County Hall. Currently, there are three suites available, ranging from 750 to 4,425 contiguous square feet. The building features elevators and on-site adjacent parking. Leases are full-service (gross). Recent building improvements include LED lighting, fresh paint, and new flooring for incoming tenants. While some photos depict older spaces, these will be fully renovated and updated to the landlord's current standards for new tenants. The minimum divisible space is 750 square feet. The building was constructed in 1961 and is situated in Erie County, zip code 14202. This is an exceptional opportunity for businesses seeking a prestigious address in a convenient and well-maintained building.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1961
Total area 75,941 SF
Lot 0.34 ac (14,950 SF)
Zoning code N-1D
APN 140200 111.45-3-17
UPID US63-0230665

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Construction Company General Contractor
  • Law Firm
  • Law Firm

Location

135 Delaware Ave Buffalo, NY 14202-2416
Buffalo metro Census 16500 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$785k

Owner & transaction history

since 2006
2 recorded transactions
2006
$3.7M
1969
Price N/A

Zoning & alternative use

N-1D · Buffalo, NY
Zoning description

located in an N-1D, N-1C, N-1S, D-M, or D-E zone. B. Dwelling, Ancillary. A dwelling unit associated with and incidental to a principal dwelling on the same lot. 1. A detached ancillary dwelling must have a lower height…

General category COMMERCIAL

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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