77 Broadway
100% Occupied | Office & Parking Garage | Strong Tenant Mix
Marketing description
CBRE Upstate NY, as exclusive advisor, is pleased to present the opportunity to acquire a 100% occupied office building and adjacent 353-space parking garage in Buffalo's central business district.
77 Broadway is a ±63,880 sq. ft. three (3) story office building that is 100% occupied among five (5) tenants, anchored by NYS Tax & Finance - a long-term tenant of the property.
55 William Street is a two-story parking garage located across the street from 77 Broadway. The ±95,984 sq. ft. facility accounts for most of the 1.63-acre city block and features 353 parking spaces with an automated access system.
Any sale shall be subject to Consent to Assignment by the Office of the New York State Attorney General.
Visit www.77BroadwayBuffalo.com to access the offering materials.
Investment highlights
Strong Tenancy
- ±58% occupied by NYS Office of General Services (Taxation & Finance)
- Medical tenant (Horizon Health Services)
- Long-term occupancy history for several tenants
- Staggered lease terms
Amenity-Rich Location
- Prominent downtown location steps from Lafayette Square, Buffalo City Hall, and the central business district’s core business and government institutions.
- Excellent visibility and accessibility with direct access to major transit routes, NFTA bus lines, and nearby Metro Rail stations.
- Surrounded by major public and private investment, including waterfront redevelopment, Canalside, mixed-use projects, and the revitalization of the Broadway/Elm corridor.
- On-site parking and the adjacent parking garage provide tenants with a hard-to-come by and highly sought after amenity.
Solid Office Market Fundamentals
- Nearly 1 million sq. ft. of office space has been withdrawn from downtown Buffalo post-pandemic, tightening supply and creating opportunities for repositioning.
- Buffalo’s urban core is experiencing a surge of reinvestment, with new residential, hospitality, and mixed-use developments reshaping the city’s skyline.
Two-Story Parking Garage
- Included in the sale is a 353-car parking garage located directly across the street. This provides parking for building tenants and upside potential by offering parking for the public.
Listing Contacts
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