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Fully Leased New Construction Asset 32 Buffalo St 8 Unit Apartment Building $2,850,000 ($356,250/Unit) 7% Cap Rate Churchville, NY 14428
Investment Highlights
- Newly constructed
- New apartments and retail space on Black Creek
- Brand new apartment building, 100 percent occupied
Executive Summary
32 Buffalo St & S Main St, Churchville, NY 14428
FOR SALE – NEW CONSTRUCTION | BLACK CREEK COMMONS
Introducing Black Creek Commons, a premier mixed-use development in the heart of Churchville, NY, overlooking the scenic Black Creek. Completed in Spring 2025, this brand-new construction offers a true hands-off investment opportunity with both residential and retail components fully in place.
Property Highlights:
8 Luxury Apartments – Spacious 2-bedroom, 2-bath units featuring private garages, elevator access, open floor plans, and high-quality finishes. Each unit is individually metered, providing efficiency and long-term ease of management.
2 Prime Ground-Level Retail Spaces – Highly visible storefronts with strong tenancy already secured. Current occupants include an established insurance company and a property management/real estate firm, ensuring immediate rental income stability.
Key Features:
Modern new construction with timeless design
Direct waterfront location on Black Creek
Elevator access to residential levels
Ample on-site parking and private garage options
Individually metered utilities for tenant efficiency
Convenient location in the Village of Churchville
Ideal 1031 Exchange opportunity
This is a rare chance to acquire a newly constructed, fully leased mixed-use asset in a growing community. With strong demand for rental housing and limited new supply in the area, Black Creek Commons is positioned as a long-term, stable investment with immediate income and future upside.
FOR SALE – NEW CONSTRUCTION | BLACK CREEK COMMONS
Introducing Black Creek Commons, a premier mixed-use development in the heart of Churchville, NY, overlooking the scenic Black Creek. Completed in Spring 2025, this brand-new construction offers a true hands-off investment opportunity with both residential and retail components fully in place.
Property Highlights:
8 Luxury Apartments – Spacious 2-bedroom, 2-bath units featuring private garages, elevator access, open floor plans, and high-quality finishes. Each unit is individually metered, providing efficiency and long-term ease of management.
2 Prime Ground-Level Retail Spaces – Highly visible storefronts with strong tenancy already secured. Current occupants include an established insurance company and a property management/real estate firm, ensuring immediate rental income stability.
Key Features:
Modern new construction with timeless design
Direct waterfront location on Black Creek
Elevator access to residential levels
Ample on-site parking and private garage options
Individually metered utilities for tenant efficiency
Convenient location in the Village of Churchville
Ideal 1031 Exchange opportunity
This is a rare chance to acquire a newly constructed, fully leased mixed-use asset in a growing community. With strong demand for rental housing and limited new supply in the area, Black Creek Commons is positioned as a long-term, stable investment with immediate income and future upside.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Smoke Free
- Elevator
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $2,000 | 1,200 |
1 1
Property Taxes
| Parcel Number | 264801-143-100-0001-037-000 | Total Assessment | $28,800 (2024) |
| Land Assessment | $28,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
264801-143-100-0001-037-000
Land Assessment
$28,800 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$28,800 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Fully Leased New Construction Asset | 32 Buffalo St
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