242 Grant St - Apartments FOR SALE


Buffalo, NY 14213- Grant Ferry
$849,900 USD
716-563-2166
242 Grant St, Buffalo, NY for Sale
$849,900 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

242 Grant St
Buffalo, NY 14213
Grant Ferry


HIGHLIGHTS

  • Walkable community
  • Business district
  • Separate meters

OVERVIEW

Exceptional opportunity for investors and 1031 exchange buyers seeking immediate scale in one of Buffalo's most active rental corridors. This mixed-use asset features 10 residential apartments and 2 commercial storefronts under one roof, providing multiple income streams and long-term upside. The property encompasses approximately 12,000+ square feet and is strategically positioned on Grant Street, a highly visible commercial corridor with strong foot and vehicle traffic. The building is located just minutes from the campus of the State University of New York at Buffalo, attracting a consistent tenant base and benefiting from the area's ongoing demand for rental housing. The property includes a mix of spacious residential units and street-level commercial spaces, creating diversification and stability for investors. Conveniently located near shopping, restaurants, public transportation, downtown Buffalo, Delaware Park, and major commuter routes. Whether you're looking to expand an existing portfolio, complete a 1031 exchange, or acquire a value-add mixed-use asset with substantial income potential, 242-244 Grant Street presents a rare opportunity to own a cornerstone investment in Buffalo's thriving West Side market.

FOR SALE DETAILS

PRICE

$849,900 USD

PRICE/SF

$68 USD /SF

# OF UNITS

12

PRICE/UNIT

$70,825

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

N-2C

APN/PARCEL ID

140200-088-830-0007-023-000

ASK ABOUT THIS PROPERTY

Todd VanderlipPark Realty of WNYMore Info
716-563-2166

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Todd VanderlipPark Realty of WNYMore Info
716-563-2166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.