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427 Delaware Ave Buffalo, NY 14202

Investment properties Google Maps
15,494 SF 0.41 ac lot Built 1931
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$420k
Range $378k – $462k (±10%)
Property ID US63-1355333

Property summary

AI-generated overview

This exceptional 6,500 square foot Class B office space at 427 Delaware Avenue in Buffalo, NY, is ideally situated for businesses seeking a prominent location. Currently occupied, the space will be vacated upon sale or lease. The two-story building boasts seven large private offices, each easily accommodating multiple workstations, plus expansive built-in workspaces suitable for 14-26 individuals depending on configuration. A fully equipped conference room comfortably seats over 18 people, and ample support spaces include a kitchenette, printer room, IT room, and substantial storage closets. The property showcases stunning historic Art Deco features, including marble entry stairs, terrazzo floors, and exquisite plaster ceiling reliefs, complemented by high-end white oak trim, doors, and built-in cabinetry. Parking is readily available with 13 spaces dedicated to the upstairs office space, in addition to 8 spaces for ground floor tenants. Enjoy unparalleled convenience with quick access to major transportation arteries, including the 33 Expressway and 190 Interstate, as well as public transit via a nearby bus route and the Allen Street subway station. The minimum divisible space is 240 square feet, making it suitable for a variety of business needs. This is a rare opportunity to secure a prestigious office space in a prime Buffalo location. The zip code is 14202.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1931
Total area 15,494 SF
Lot 0.41 ac (18,000 SF)
Zoning code N-2C
APN 140200 111.22-9-16
UPID US63-1355333

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
  • Architect
  • Architect

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$420k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
1969
Price N/A

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
Neighborhood: shopping center $2.0M +5.6%
Restaurant $1.9M +0.7%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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