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Meidenbauer House 204 High St 7 Unit Apartment Building $1,600,000 ($228,571/Unit) 6.84% Cap Rate Buffalo, NY 14204
INVESTMENT HIGHLIGHTS
- Located on the very edge of the (BNMC)Buffalo Niagara Medical Campus
- Completed in February 2025 and fully occupied
- All new inside and restored outside
EXECUTIVE SUMMARY
7-unit apartment building, fully occupied investment property located at the edge of the Buffalo Niagara Medical Campus. Originally built in 1865, formerly a triplex now restored and repurposed into a 7-unit luxury apartment building, completed in February 2025. A dedicated on-site parking lot fenced with a remote gate access.
The Buffalo Niagara Medical Campus is a medical center of health care, life sciences research, and medical education institutions, co-located on 120 acres in Buffalo, New York. The BNMC was founded in 2001 by a consortium. This project comprises one of the five "Strategic Investment Areas" that make up Buffalo, NY's Queen City Hub Plan, the city's strategic plan for urban redevelopment.
The Buffalo Niagara Medical Campus is a medical center of health care, life sciences research, and medical education institutions, co-located on 120 acres in Buffalo, New York. The BNMC was founded in 2001 by a consortium. This project comprises one of the five "Strategic Investment Areas" that make up Buffalo, NY's Queen City Hub Plan, the city's strategic plan for urban redevelopment.
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 | 6.84% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1865/2024 |
| Property Type | Multifamily | Parking Ratio | 2.09/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| 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 | 6.84% |
| Sale Condition | 1031 Exchange |
| 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/Renovated | 1865/2024 |
| 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
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Meidenbauer House | 204 High St
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