Black Rock Freight House 68 Tonawanda St 35 Unit Apartment Building $6,350,000 ($181,429/Unit) Buffalo, NY 14207

Redeveloped in 2020, this former historic train freight house has been transformed into a low-maintenance, townhome style multifamily asset featuring 35 spacious loft apartments and 3,044 SF commercial space (leased through 2030 with a 5 year option). The building is efficiently designed with no interior common areas or building systems to maintain—making it well-suited for stable, long-term ownership. New proactive property management team has recently come aboard.
The community offers ample gated on-site parking, enhancing convenience and security. The unit mix is primarily two bedroom, two-bath units, with select one- and three-bedroom layouts, all featuring modern finishes, open-concept floor plans, and in-unit laundry. With private entrances and a layout that mirrors townhome living, the property is well-positioned for future condo conversion, offering clear value-add potential.
Located at the convergence of Buffalo’s West Side and Black Rock neighborhoods, the location benefits from ongoing investment activity, including the $35M Niagara Streetscape project. It offers excellent access to regional anchors like Buffalo State University, Rich Products Global HQ, and the new $50M Great Point Studios film production campus. The area is walkable and amenity-rich, anchored by two major grocers and vibrant corridors along Niagara and Amherst Streets featuring bars, restaurants, and other amenities.
The property has direct access to the I-90 Thruway, 198 Expressway, high-frequency NFTA bus lines, and a growing bike infrastructure network. This is a rare opportunity to acquire a distinctive multifamily asset in one of Buffalo’s fastest-growing corridors