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37 Franklin St - Cathedral Park Tower 6,300 SF Office Condo Units Offered at $439,000 - $499,000 Per Unit in Buffalo, NY 14202



Investment Highlights
- Superb space for the professional office user who appreciates an unparalleled combination of amenities, affordability and convenience
- Steps to courts, Canalside, government offices, restaurants, KeyBank Center, Sahlen Field, Naval Park, and entertainment
- On site parking with attendant, and vehicle hand washing and waxing services available. Additional parking within one block
- Well suited for law firm, insurance agency, accounting/ financial services, or any professional office use
- Panoramic views of Lake Erie and City
- Newly renovated lobby and elevators
Executive Summary
Superb space for the professional office user who appreciates an unparalleled combination of amenities, affordability and convenience. Well suited for law firm, insurance agency, accounting/ financial services, or any professional office use. Steps to courts, Canalside, government offices, restaurants, KeyBank Center, Sahlen Field, Naval Park, entertainment, and everything downtown Buffalo has to offer. Panoramic views of Lake Erie and City. On site parking with attendant, and vehicle hand washing and waxing services available. Additional parking within one block. Newly renovated lobby and elevators. Energy efficient double insulated EIFS dry-vit construction. In suite HVAC with individually zoned offices. In the heart of Buffalo’s Central Business District. 24/7 secure access.
3 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User |
| Sale Type | Owner User |
Cathedral Park Tower was converted to Buffalo' s first and only Class A office condominium tower in 1985. The unit features a highly energy efficient heating and cooling system with individually zoned offices to ensure everyone' s comfort.
Originally constructed as a warehouse in 1915, the building was redeveloped into Buffalo’s first office condominium in 1985. The structure of the building is extremely robust due to poured concrete floors and occupants enjoy high-energy efficiency as a result of the DryVit exterior and insulation finish system (EIFS).
Office condominium ownership offers several advantages over leasing, including greater control over the workspace, professional image, potential for property appreciation, tax benefits (mortgage interest and property tax deductions), a hedge against fluctuating rents, the ability to customize space to suit business needs, and a sense of community within the building.
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
***Entire floor can be made available for sale, with income tenant in place. Various options available, please inquire***
Fully furnished. 3,561 sq. ft. suite can also be made available. Lease either side, lease entire floor, or purchase floor with income tenant in place. In the heart of Buffalo’s Central Business District. Superb space for the professional office user who appreciates an unparalleled combination of amenities, affordability & convenience. Well suited for law firm, insurance agency, accounting/ financial services, or any professional office use. Steps to courts, Canalside, government offices, restaurants, KeyBank Center, Sahlen field, Naval Park, entertainment, and everything downtown Buffalo has to offer. On site parking with attendant, and vehicle hand washing and waxing services available. Additional parking within one block. Panoramic views of Lake Erie and city. Newly renovated lobby and elevators. Energy efficient double insulated EIFS dry-vit construction. In suite HVAC with individually zoned offices.
***Entire floor can be made available for sale, with income tenant in place. Various options available, please inquire***
| Sale Type | Owner User |
| Sale Type | Owner User |
New HVAC 2023/24 — AC compressor, boiler, air handlers with individually zoned offices. In the heart of Buffalo’s Central Business District.
Superb space for the professional office user who appreciates an unparalleled combination of amenities, affordability and convenience. Ideal for law firm, insurance agency, accounting, financial services, or any professional office use.
Steps to courts, Canalside, government offices, restaurants, KeyBank Center, Sahlen Field, Naval Park, entertainment, and everything downtown Buffalo has to offer. On site parking with attendant, vehicle hand washing/waxing services available. Additional parking within one block. Panoramic views of Lake Erie and city. Newly renovated lobby and elevators. Energy efficient double insulated EIFS dry-vit construction. 24/7 secure access.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 600 | 6,300 SF | Office | $439,000 ($69.68/SF) | - |
| Unit 700 | 6,300 SF | Office | $449,000 ($71.27/SF) | - |
| Unit 800 | 6,300 SF | Office | $499,000 ($79.21/SF) | - |
Unit 600
| Unit Size |
| 6,300 SF |
| Condo Use |
| Office |
| Price |
| $439,000 ($69.68/SF) |
| NOI |
| - |
Unit 700
| Unit Size |
| 6,300 SF |
| Condo Use |
| Office |
| Price |
| $449,000 ($71.27/SF) |
| NOI |
| - |
Unit 800
| Unit Size |
| 6,300 SF |
| Condo Use |
| Office |
| Price |
| $499,000 ($79.21/SF) |
| NOI |
| - |
Unit 600
| Unit Size | 6,300 SF |
| Condo Use | Office |
| Price | $439,000 ($69.68/SF) |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| The Central Business District's finest office offering...in Buffalo's premier office condominium. This is a superb property for any professional office user who appreciates an unparalleled combination of amenities, affordability and convenience. Unit #600 offers a well-designed 6,300 sf layout and panoramic views of the city and waterfront, with an efficient mix of private perimeter offices and open areas. <br> <br> Cathedral Park Tower was converted to Buffalo' s first and only Class A office condominium tower in 1985. The unit features a highly energy efficient heating and cooling system with individually zoned offices to ensure everyone' s comfort.</li></ul> | |
| Sale Notes | |
| Just off I-190, Elm Street exit, on Franklin between Seneca and Swan. Close to courts, Peace Bridge, government offices...steps to restaurants, entertainment, pro sports, Naval Park, Canalside, St. Paul's Cathedral and everything downtown Buffalo has to offer.<br> <br> Originally constructed as a warehouse in 1915, the building was redeveloped into Buffalo’s first office condominium in 1985. The structure of the building is extremely robust due to poured concrete floors and occupants enjoy high-energy efficiency as a result of the DryVit exterior and insulation finish system (EIFS). <br> <br> Office condominium ownership offers several advantages over leasing, including greater control over the workspace, professional image, potential for property appreciation, tax benefits (mortgage interest and property tax deductions), a hedge against fluctuating rents, the ability to customize space to suit business needs, and a sense of community within the building.</li></ul> |
Unit 700
| Unit Size | 6,300 SF |
| Condo Use | Office |
| Price | $449,000 ($71.27/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| Superb space for the professional office user who appreciates an unparalleled combination of amenities, affordability & convenience. Well suited for law firm, insurance agency, accounting/ financial services, or any professional office use. Lease either side, lease entire floor, or purchase floor with income tenant in place.<br> ***Entire floor can be made available for sale, with income tenant in place. Various options available, please inquire***</li></ul> | |
| Sale Notes | |
| 2,742 sq. ft. professional office suite — available immediately, move-in ready.<br> Fully furnished. 3,561 sq. ft. suite can also be made available. Lease either side, lease entire floor, or purchase floor with income tenant in place. In the heart of Buffalo’s Central Business District. Superb space for the professional office user who appreciates an unparalleled combination of amenities, affordability & convenience. Well suited for law firm, insurance agency, accounting/ financial services, or any professional office use. Steps to courts, Canalside, government offices, restaurants, KeyBank Center, Sahlen field, Naval Park, entertainment, and everything downtown Buffalo has to offer. On site parking with attendant, and vehicle hand washing and waxing services available. Additional parking within one block. Panoramic views of Lake Erie and city. Newly renovated lobby and elevators. Energy efficient double insulated EIFS dry-vit construction. In suite HVAC with individually zoned offices. <br> ***Entire floor can be made available for sale, with income tenant in place. Various options available, please inquire***</li></ul> |
Unit 800
| Unit Size | 6,300 SF |
| Condo Use | Office |
| Price | $499,000 ($79.21/SF) |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| 6,300 sq ft professional 8th floor office suite — available immediately, move-in ready. Newly remodeled, Class A finishes throughout including restrooms.<br> New HVAC 2023/24 — AC compressor, boiler, air handlers with individually zoned offices. In the heart of Buffalo’s Central Business District.<br> Superb space for the professional office user who appreciates an unparalleled combination of amenities, affordability and convenience. Ideal for law firm, insurance agency, accounting, financial services, or any professional office use.<br> Steps to courts, Canalside, government offices, restaurants, KeyBank Center, Sahlen Field, Naval Park, entertainment, and everything downtown Buffalo has to offer. On site parking with attendant, vehicle hand washing/waxing services available. Additional parking within one block. Panoramic views of Lake Erie and city. Newly renovated lobby and elevators. Energy efficient double insulated EIFS dry-vit construction. 24/7 secure access.</li></ul> | |
| Sale Notes | |
| 6,300 sq ft professional 8th floor office suite — available immediately, move-in ready. Newly remodeled, Class A finishes throughout including restrooms.</li></ul> |
Property Facts
| Total Building Size | 72,250 SF | Typical Floor Size | 6,568 SF |
| Property Type | Office | Year Built | 1915 |
| Building Class | B | Lot Size | 0.16 AC |
| Floors | 11 | Opportunity Zone |
Yes
|
| Total Building Size | 72,250 SF |
| Property Type | Office |
| Building Class | B |
| Floors | 11 |
| Typical Floor Size | 6,568 SF |
| Year Built | 1915 |
| Lot Size | 0.16 AC |
| Opportunity Zone |
Yes |
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Storage Space
- Air Conditioning
Presented by
37 Franklin St - Cathedral Park Tower
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