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580 Starin Ave 16 Unit Apartment Building $1,760,000 ($110,000/Unit) 7.30% Cap Rate Buffalo, NY 14216
Executive Summary
Situated in North Buffalo this 16-unit apartment building has received over $180,000 in capital improvements since purchase.
10 of the 16 units have been renovated with Quartz countertops and tile bathrooms.
All brick exterior with newer windows.
100% occupancy with a long history of strong occupancy.
12 garage spots with 8 additional parking spots.
Attractive landscaping and professionally management help secure long term tenants.
10 of the 16 units have been renovated with Quartz countertops and tile bathrooms.
All brick exterior with newer windows.
100% occupancy with a long history of strong occupancy.
12 garage spots with 8 additional parking spots.
Attractive landscaping and professionally management help secure long term tenants.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
| Price | $1,760,000 | Apartment Style | Low-Rise |
| Price Per Unit | $110,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.60 AC |
| Cap Rate | 7.30% | Building Size | 19,122 SF |
| Gross Rent Multiplier | 8.2 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1949/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.94/1,000 SF |
| Zoning | N-3R | ||
| Price | $1,760,000 |
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| Gross Rent Multiplier | 8.2 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.60 AC |
| Building Size | 19,122 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1949/2022 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | N-3R |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Double Pane Windows
- Family Room
- Smoke Free
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | $1,150 | - |
1 1
Moderately walkable
60/100
Fairly drivable
50/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 140200-078-430-0003-015-000 | Total Assessment | $983,000 (2024) |
| Land Assessment | $234,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $749,000 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
140200-078-430-0003-015-000
Land Assessment
$234,000 (2024)
Improvements Assessment
$749,000 (2024)
Total Assessment
$983,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Danahy Real Estate
580 Starin Ave
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