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Rand Building-Resi/Boutique Hotel Conversion 14 Lafayette Sq 226,000 SF Office Building Buffalo, NY 14203 $6,999,000 ($30.97/SF)



Investment Highlights
- Prime location in Downtown Buffalo’s Central Business District.
- Walkable location close to public transit, parking garages, restaurants and downtown amenities.
- Historic Tax Credit Eligible for Luxury Residential and/or Boutique Hotel conversion.
- Iconic Art Deco design. Architectural influence for the Empire State Building.
- https://www.marriott.com/en-us/hotels/msptr-rand-tower-minneapolis-a-tribute-portfolio-hotel/overview/
- Ideal for developers, hoteliers, office users and investors.
Executive Summary
https://www.marriott.com/en-us/hotels/msptr-rand-tower-minneapolis-a-tribute-portfolio-hotel/overview/
Property Facts
Amenities
- Bus Line
- Metro/Subway
- Wheelchair Accessible
- Direct Elevator Exposure
- Natural Light
- Open-Plan
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Cushman & Wakefield | Pyramid Brokerage Company, formerly Pyramid Brokerage Company, began in 1971 in Syracuse as a residential and commercial real estate firm before shifting to commercial real estate only. The company now serves upstate New York as a Cushman & Wakefield Alliance member and works across brokerage, leasing, tenant and buyer representation, investment sales, property management, receivership, project management, facility management, and related advisory services. The business also covers retail, office, industrial, investment, hospitality, and impaired asset assignments, using local market knowledge alongside Cushman & Wakefield resources. The Corning/Elmira office reflects that regional model, supporting commercial real estate needs in Corning, Elmira, and nearby markets.
Feldman Kieffer began in 1995 as a New York law firm and has grown into a practice centered on litigation and counseling for clients across the state. The firm handles general litigation, professional negligence, corporate and business law, employment, health care, real estate, environmental law, and general counseling. Feldman Kieffer advises corporations, insurers, professionals, health care providers, small business owners, individuals, municipal corporations, school districts, utility companies, and authorities. The firm's work includes risk analysis and management, corporate restructurings, and support for matters that range from insurance disputes and disability claims to intellectual property and debt collection.
Magavern Magavern Grimm LLP began in 1826 and has built a long-running legal practice serving business and individual clients. The firm handles business law, litigation, real estate, estates and trusts, employment, municipal, tax, and elder law, giving the practice a broad mix of transactional and dispute work. Its client base includes businesses, governments, individuals, and communities, reflecting a general practice built around commercial matters and personal legal needs. The firm remains rooted in Western New York while maintaining work that reaches beyond the region.
Mura Law Group, formerly Mura & Storm, PLLC, is a Buffalo-based law firm that began in 2006 and has built its practice around insurance coverage analysis, insurance defense, commercial litigation, appellate work, fraud defense, and no-fault arbitration and litigation. The firm represents clients across New York in state and federal courts and handles complex disputes in a cost-effective way. The firm's attorneys work on first-party property claims, third-party liability matters, declaratory judgment actions, examinations under oath, and subrogation-related disputes.
NCAComp, Inc. began in 1991 as a third-party claims administrator focused on New York State workers' compensation and disability claims. Over time, the company expanded its service mix to include claims administration, workers' compensation program design, nurse case management, medical bill review, safety and loss control consultation, reimbursement and recovery services, and excess insurance brokerage. NCAComp works with public and private organizations, insurance companies, nonprofits, and government agencies, and the business serves clients across the United States while maintaining a focus on workers' compensation self-insurance and related claims services.
Northwest Bank began in 1896 and has grown into a Pennsylvania-chartered savings bank within Northwest Bancshares' financial services group. The company offers personal and business banking, lending, payments, employee benefits, wealth management, trust, and insurance-related services. Northwest Bank serves consumers, small businesses, corporations, and municipalities across a multi-state footprint in the Northeast and Midwest, with a broad branch network supporting retail and commercial banking needs.
Rand Capital began in 1969 and has since focused on investing in growing and transitioning businesses. The company is an externally managed business development company that targets debt and related equity investments in privately held lower middle market companies across a broad range of industries. Rand Capital also invests in businesses with sustainable, differentiated, and market-proven products, aiming to support current income and capital appreciation through long-term investment relationships.
Sugarman Law Firm began in 1909 and has grown into a New York litigation practice with a broad civil and criminal defense portfolio. The firm handles medical malpractice, personal injury, insurance coverage, commercial litigation, criminal law, municipal law, construction litigation, labor law violations, trucking litigation, and arbitration and mediation. The practice also covers matters involving architects, engineers, design professionals, insurance defense, professional liability defense, and appeals work, giving the firm a mix of courtroom and transactional experience. Sugarman Law Firm serves individuals, businesses, municipalities, insurers, and other professionals across a regional New York legal market while maintaining a long-running focus on dispute resolution and trial work.
Townsquare Media began in 2010 and was formerly known as Regent Communications before adopting its current name. The company owns and operates radio, digital, marketing services, and live event properties, and its business also includes digital marketing solutions for local advertisers. Townsquare Media focuses on markets outside the largest U.S. metro areas and combines broadcast radio with companion websites and digital advertising products. Its portfolio includes subscription-based digital marketing services, search engine optimization, social platforms, online reputation management, and other tools used to help businesses reach customers online.
Walsh Roberts & Grace was founded in 1985 to provide legal services in personal injury law, and the firm has since built its practice around civil litigation and trial work. The firm handles personal injury and related matters, including general civil practice, negligence, and appellate work, with services that span New York and federal trial and appellate courts. Walsh Roberts & Grace operates as a collaborative legal practice built on personal service, combining a small-firm approach with the resources needed for broader litigation matters.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Professional, Scientific, and Technical Services | - | - | - | ||
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Finance and Insurance | - | - | - | ||
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Finance and Insurance | - | - | - | ||
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Professional, Scientific, and Technical Services | - | - | - | ||
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Information | - | - | - | ||
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Property Taxes
| Parcel Number | 140200-111-130-0006-002-000 | Improvements Assessment | $7,641,500 |
| Land Assessment | $368,500 | Total Assessment | $8,010,000 |
Property Taxes
Contact the Sale Advisor
Rand Building-Resi/Boutique Hotel Conversion | 14 Lafayette Sq
