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    1 home
      1 home available
      585 Niagara Street #1, Buffalo, NY 14201
      Closed Feb 16, 2024
      585 Niagara Street #1, Buffalo, NY 14201
      $1,000,000
      9beds
      14,119sqft
      0.13acres

      585 Niagara Street #1, Buffalo, NY 14201

      Listing by: Keller Williams Realty WNY
      1 - 1 of 1 results
      © 2025 Greater Rochester Association of REALTORS®. All Rights Reserved.
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
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      Membio
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      585 Niagara Street #1, Buffalo, NY 14201
      Closed Feb 16, 2024
      $1,000,000
      9beds
      full,half bath
      14,119sqft
      0.13acres

      585 Niagara Street #1, Buffalo, NY 14201

      City/Town:Buffalo   Post Office: Buffalo     

      by Ryan BurkeKeller Williams Realty WNY.

      Data checked -. Listing last updated 649 days ago.
      1. Overview
      2. Details
      3. More 

      Explore an investment opportunity in the heart of Buffalo's thriving West Side, where significant developments are fueling growth. Nestled on Niagara Street witness the 'Niagara Street Now' project, a monumental streetscape redesign by the City of Buffalo, setting the stage for the area's resurgence. Rich Products is at the helm of constructing a major film and TV studio complex (1.3 miles), promising to drive economic activity. D'Youville College (0.1 miles) from this site, has committed hundreds of millions for campus improvements, including a forthcoming $100M academic center. This property features an 8-unit mixed-use brick building (w/ 2 retail spaces) at the corner of Niagara/Jersey St, along with the adjacent 3-unit building at 181 Jersey St totaling 11 total rentable spaces. The property currently enjoys full occupancy, yielding an impressive ~$120k in top-line revenue and being marketed at a TRUE 6.37% cap rate.Rental rates for the 'tenanted' spaces are below market, offering room for favorable adjustments. Join the growth trajectory and capitalize on the promising market dynamics and position for attractive returns. Don't miss your chance to be part of Buffalo's future!

      Internet Serviceability
      Details
        Property type
      Multi Family
        Year built
      1920
        Heating
      Gas, Baseboard, Forced Air
        Cooling
      None
        Total rooms
        Garage
      No
        City/Town
      Buffalo
        Post Office
      Buffalo
        Parking spots
      -
      B1504660
      MLS ID
      Closed
      Status
      Feb 16, 2024
      Closed
      Levels  Levels
      Two
        Roof
      Asphalt,Flat
        Laundry features
        Fireplace
      No
        Pets allowed
        Architectural Style
        Basement
      Full
      Interior features
      Exterior features
      Lot features
      Near Public Transit
      Appliances included
      Gas Water Heater
      Construction materials
      Brick
      Flooring
      Hardwood, Varies, Vinyl
      Utilities
      Water source
      Parking features
      Monthly taxes
      $1,046
      Yearly taxes
      $12,557
      School district
      Buffalo
      Schools
      -
      Senior community
      No
      HOA
      -
      HOA Amentities
      Open Houses
      In-Person
      No upcoming in-person open houses
      Virtual
      No upcoming virtual open houses
      Contact Agent
      Listing By:
      RB
      Ryan Burke
      NG
      Nicholas Giambra
      RB
      Ryan Burke
      NY Licensed Assoc. R.E. Broker, WNY Metro Roberts Realty
       
       
      NG
      Nicholas Giambra
      NY Licensed R.E. Broker, Giambra Realty Corp
       
       
      Location
      Directly on Niagara St and Jersey
      For Sale Nearby
      No nearby homes are For Sale Nearby.
      Recently Sold
      No nearby homes have been Recently Sold.
      585 Niagara Street #1, Buffalo, NY 14201, is a 9 bedroom, 14119 sqft. Other built in 1920. This property is currently available for sale and was listed on Greater Rochester Association of REALTORS® on 10-16-2023. The MLS# for this Other is MLS# B1504660.
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
      Copyright ©2026 Greater Rochester Association of REALTORS®