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    FOR SALE
    Apartment buildings

    539 Niagara St, Buffalo, NY 14201

    11,800 SF
    Property ID
    US63-6229716
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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