506 Elmwood Ave, Buffalo, NY 14222

• 2007 new-construction mixed-use asset designed and built by an experienced architect builder team. New-vintage construction features modern building systems, low deferred maintenance, and no near-term capital expenditures required.

• Located on a premier stretch of the Elmwood Avenue commercial corridor, surrounded by consistent foot traffic, established retailers, and continued neighborhood reinvestment. Walking distance to other popular neighborhoods including 5 Points and Allentown.

• Retail anchored by Chayban’s Tailoring, a second-generation Elmwood Village staple, and Lock & Key Escape Room, a long-term tenant with over 10 years of operating history at the property.

• Residential units feature highly marketable amenities including balconies, central air, in-unit laundry (in some units), dishwashers, and great natural light — supporting tenant retention and rent growth.

• Mark-to-market opportunity: Current in-place rents are below prevailing submarket levels, with comparable apartments supporting achievable increases of approximately 15–20% and upwards of 50% on storefront retail. *Broker has comparables for reference.

• Latent upside through more attentive leasing and management that realizes rent normalization while maintaining occupancy.

• Positioned near downtown Buffalo, the Buffalo Niagara Medical Campus, D’Youville University, and the University at Buffalo Jacobs School of Medicine, providing established rental demand drivers

IDEAL FOR INVESTORS SEEKING:

• Stability in one of Buffalo’s most proven and in demand submarkets.

• Both Immediate and gradual income upside.

• Low maintenance asset.