Property profile

507 Niagara St Buffalo, NY 14201

OFF-MARKET
Apartment buildings
Property ID
US63-3379540
11,832 SF 0.14 ac lot Built 1910
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Property summary

AI-generated overview

This exceptional two-story apartment building, located at 507 Niagara Street in Buffalo, NY, presents a compelling investment opportunity. Boasting 11,832 square feet on a 0.14-acre lot, this 1910 building underwent a complete renovation in 2023. The property currently enjoys 100% occupancy with sixteen fully renovated one- and two-bedroom units. Each apartment features high-end finishes including stainless steel appliances, granite countertops, and hardwood floors. Modern amenities such as in-unit laundry, air conditioning, heating, renovated fireplaces, kitchen islands, and high-speed internet access are included. Ample storage space is available in each unit. The building also offers three parking spaces. Its prime location in downtown Buffalo provides convenient access to numerous amenities, including the D'Youville Campus and grocery stores like Tops Friendly Markets. This property offers a rare chance to acquire a fully renovated, high-performing multifamily asset in a thriving urban setting. The building's strong occupancy rate and desirable features make it an attractive investment for both seasoned and new investors seeking a stable and appreciating asset in a vibrant city. The property's excellent condition and modern amenities ensure a strong rental income stream and potential for future appreciation. This is a turnkey opportunity to own a piece of Buffalo's revitalized downtown core.

Property profile

Verified
Property type Apartment buildings
Year built 1910
Total area 11,832 SF
Lot 0.14 ac (6,098 SF)
UPID US63-3379540

Cap rate & NOI

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

Location

507 Niagara St Buffalo, NY 14201
Buffalo metro
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Value estimations

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Owner & transaction history

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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