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29512186
29512185

1416 Main Street, Buffalo, NY 14209

TD
NY NY 10301201083
Chubb Aubrey Leonard Real Estate
KH
10401374102
Listed by Chubb Aubrey Leonard Real Estate
$1,250,000
322 days on market
Updated 21 days ago

1416 Main Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,832
Units 10
Cap Rate 7.83%
NOI $97,932
Occupancy 100%
Pro-Forma Cap Rate 9.28%
Pro-Forma NOI $116,052
Price per SqFt $79
Broker Co-Op Yes
Class B
Year Built 1995
Year Renovated 1995, 2025
Buildings 1
Stories 2
Parking Spaces 8 spaces
Parking Per SqFt 0.51
Sale Condition For sale by owner

10 Unit Apartment Building

Marketing description

1416 Main Street is a fully renovated all brick 10-unit mixed-use property in the heart of Buffalo’s vibrant Midtown corridor. Formerly known as Engine 16, this historic fire hall originally built in 1886 with a complete renovation and addition in 1995, has been revitalized into a modern, income-producing asset while preserving its character. It was the city of Buffalo's first completely ADA compliant building that features 9 updated residential units—seven 1-bedroom and two 2-bedroom apartments—plus one ground-floor commercial space. A blend of history and functionality, the property includes an elevator, laundry room with coin op washer and dryer, and 8 off-street parking spaces, 4 of which are covered—a rare amenity in this area. Private green space. Electric and gas are separately metered. With its prime location near the Buffalo Niagara Medical Campus, Canisius College, and the Elmwood Village, this property is perfectly positioned for both immediate cash flow and long-term growth. Listing Agent is part owner.

Listing Contacts

TD
NY NY 10301201083
Chubb Aubrey Leonard Real Estate
KH
10401374102
Listed by Chubb Aubrey Leonard Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$97,932.00
$8,161.00/mo

Valuation Metrics

0
DSCR
7.83%
Cap Rate
7.83%
ROI

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Additional Information

Name
Todd Danni
License
NY 10301201083
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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