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Property profile & analytics
FOR SALE
Office buildings
14 Lafayette Sq Buffalo, NY 14203
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3514667
For Sale
$6,999,999
14 Lafayette Sq, Buffalo, NY 14203
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1929
Total area
226,200 SF
Lot
0.3 ac (12,915 SF)
Zoning code
N-1D
APN
140200 111.13-6-2
UPID
US63-3514667
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cushman & Wakefield/Pyramid Brokerage Company - Buffalo Real Estate Agency
-
Tommaney Law PLLC Consultant
-
Townsquare Media Buffalo Advertising Agency Marketing & Advertising
-
The New 96.1 Joy FM Advertising Agency Marketing & Advertising
-
Paramount Legacy Group LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.67M
Owner & transaction history
Murphy Edward J III · 6 yrs held
Murphy Edward J III
since 2019
4 recorded transactions
Zoning & alternative use
N-1D · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buffalo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$7 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46,772
Tax year 2023
Assessed value
$9,000,000
Assessed 2023
Previous assessed
$9,000,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$139,000
Assessed improvement
$8,861,000
Land market value
$198,571
Improvement market value
$12,658,572
Total market value
$12,857,143
Applied tax rate
140,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1929
Heating
NONE
Buildings
1
Stories
26
Total area
226,200 SF
Lot
0.3 ac (12,915 SF)
Zoning code
N-1D
APN
140200 111.13-6-2
UPID
US63-3514667
Jurisdiction
ERIE
Zoning & alternative use
N-1D · Buffalo, NY
Zoning N-1D · permitted uses
N-1D · Buffalo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Buffalo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1929
Heating
NONE
Stories
26
Buildings
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Murphy Edward J III
Individual
Mailing address
255 PEARL STC004, BUFFALO, NY 14202-3104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2019
—
Msbp 14-438 LLC
—
Loan Modification
related
$2,750,000 · S&t Bk
Sep 30, 2019
—
Murphy Edward J III
Frank J Rackley
Affidavit Of Death
related
$1,050,636 · S&t Bk
Dec 30, 2014
$3,896,062
Msbp 14-438 LLC
Main Seneca Corp
Grant Deed
—
—
—
Msbp 14-438 LLC
—
Loan Modification
related
$7,999,102 · S&t Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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