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Meidenbauer House 204 High St 7 Unit Apartment Building $1,600,000 ($228,571/Unit) 7.32% Cap Rate Buffalo, NY 14204
Investment Highlights
- Fully Renovated, Turn -Key Asset (2024)
- Historic Property with Modern Repositioning
- Strategic Location Adjacent to Buffalo Niagara Medical Campus
Executive Summary
As the exclusive agent, Cushman & Wakefield | Pyramid Brokerage Company is pleased to offer 204 High Street for sale. The property is a 6,685 square foot, 7 -unit multifamily building located in Buffalo, New York (the “Property”). 204 High Street is ideally situated in the Buffalo Niagara Medical Campus, one of Buffalo’s most established and in -demand neighborhoods. The area is characterized by a dense concentration of medical, research, and educational institutions, along with a growing mix of residential, retail, and lifestyle amenities. The Property is located within immediate walking distance of some of the region’s largest and most stable employers. Major institutions nearby include Buffalo General Medical Center, Roswell Park Comprehensive Cancer Center, and Oishei Children’s Hospital, supporting consistent rental demand from healthcare professionals, researchers, and affiliated staff.
Please reach out directly to receive the OM.
Please reach out directly to receive the OM.
Property Facts
| Price | $1,600,000 | Building Class | B |
| Price Per Unit | $228,571 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 6,685 SF |
| Cap Rate | 7.32% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 2.09/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | N-2C - The N-2C zoning in Buffalo addresses mixed-use, walkable centers of the city's most compact neighborhoods. This zoning allows for a variety uses. | ||
| Price | $1,600,000 |
| Price Per Unit | $228,571 |
| Sale Type | Investment |
| Cap Rate | 7.32% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 6,685 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 2.09/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | N-2C - The N-2C zoning in Buffalo addresses mixed-use, walkable centers of the city's most compact neighborhoods. This zoning allows for a variety uses. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 7 | - | 754 |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 140200-100-800-0003-004-000 | Improvements Assessment | $17,000 |
| Land Assessment | $5,000 | Total Assessment | $22,000 |
Property Taxes
Parcel Number
140200-100-800-0003-004-000
Land Assessment
$5,000
Improvements Assessment
$17,000
Total Assessment
$22,000
Contacts
-
Lucian Issa -
Jonathan Weinstein -
Robert Stewart -
Cushman and Wakefield/Pyramid Brokerage Company
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Meidenbauer House | 204 High St
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