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Financial
Distress signals
Property profile

377 Main St Buffalo, NY 14203

FOR SALE
Community centers
Property ID
US63-6116689
283,776 SF 0.83 ac lot Built 1920
Last sale Feb 2020 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 10-story office building totaling approximately 310,000 square feet is situated on a 0.84-acre site at 377 Main St in Downtown Buffalo. The building’s floorplate sizes are arranged as six floors of roughly 35,000 square feet each, three upper floors of approximately 17,000 square feet each, and an 11,000-square-foot top floor, supporting configurations for both contiguous space and multi-tenant use. The property fronts Main Street and is located near Sahlen Field, KeyBank Center, the Buffalo…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value$2.50M
Assessed land$398k
Assessed improvement$2.10M
Effective rate0.52%

Value estimate

· Oct 2026
$1.84M
$1.65M – $2.02M
AI approach$1.52M
Submarket $/SF estimate$1.97M
NOI build-up
Gross scheduled income$5.95M
Vacancy & credit loss−$595k
Operating expenses−$2.01M
NOI · 33.48% cap applied$3.35M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$130/SF
Submarket average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$42 – $236

Cap rate analysis

How does the asset earn?
33.48%
$3.35M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
N-1D
The N-1D zone addresses the core of downtown Buffalo to facilitate development of substantial scale with an intense mix of uses
General categoryCOMMERCIAL
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.9
Laundry Service10.5
Tailor Shop10.4

Location

377 Main St Buffalo, NY 14203
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

12 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
6 properties of the same type in this city
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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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