507 Niagara StBuffalo, NY 14201

For Sale
$2,900,000

16 Units, Fully Renovated, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $2,900,000 asking price for a 16-unit apartment building.
  • 11,832 square feet, two-story building on a 0.14-acre lot, built in 1910 and fully renovated in 2023.
  • 100% occupancy with 16 units, offering a mix of one- and two-bedroom apartments.
  • Luxury finishes throughout, including stainless steel appliances, granite countertops, hardwood floors, in-unit laundry, air conditioning, heating, renovated fireplaces, kitchen islands, and ample storage.
  • Three parking spaces available on-site.

Property Details for 507 Niagara St

Property type
Multifamily properties, Apartment buildings
Square Feet
11,832 SF
Year Built/Renovated
1910/2023
Stories
2
Lot Size (sq. ft)
6,098 SF
Units
16

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.8978643
Longitude
-78.8884476
507 Niagara St, Buffalo, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
507 Niagara St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message