Property profile

539 Niagara St Buffalo, NY 14201

FOR SALE
Apartment buildings
Property ID
US63-6229716
11,800 SF
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Property summary

AI-generated overview

Building 1 : (6) Existing Apartments - (2) rented month-to-month, and (4) are vacant. Requires renovation. Approx. 4,200 SF (1,400 SF per floor) Building 2 - Vacant/Fully Gutted. 8 potential apartments. Approx. 5,904 SF (Floor 1 & 2: Approx. 2200 SF each / Floor 3: Approx. 1600 SF) Vacant Lot at 543 Niagara St - Not part of listing. 28’ x 132’. Owned by related party and available for purchase. 539 Niagara Street is located in a rapidly appreciating corner of the City of Buffalo, and situated on a major urban corridor that has been the recipient of tremendous public and private investment in recent years. The property is 2 short blocks from D’Youville University - a thriving institution offering undergraduate, graduate, and professional degrees. Their ongoing growth and investments are a huge boon for the neighborhood and region, including the recently announced $154M medical school development. 2 blocks in the other direction lies the confluence of Lake Erie and the Niagara River, and two world-class waterfront parks to enjoy it from, including the Ralph Wilson Park that is currently in the midst of a $110M redevelopment. The property is a mile from downtown, and less than mile to the booming Buffalo Niagara Medical Campus - home to the University at Buffalo’s School of Medicine, and 3 major hospitals including the world-renowned Roswell Park Cancer Center. The property is within 1⁄2 mile of both the 1-90 interstate and the international Peace Bridge and Canadian border. It’s also situated on one of the most prominent transit corridors.

Property profile

Verified
Property type Apartment buildings
Total area 11,800 SF
UPID US63-6229716

Cap rate & NOI

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

Location

539 Niagara St Buffalo, NY 14201
Buffalo metro
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Value estimations

Realmo proprietary · 4 methods
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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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