82 Merrimac St - Apartments FOR SALE


Buffalo, NY 14214- University
$1,500,000 USD
716-874-3530
82 Merrimac St, Buffalo, NY for Sale
$1,500,000 USD
Apartments - FOR SALE
1/5
null | 8.74% Cap Rate

82 Merrimac St
Buffalo, NY 14214
University


HIGHLIGHTS

  • GREAT RENTAL LOCATIONS/STUDENT LEASES ARE JOINT AND SEVERAL
  • 2026-PROJECED CAP RATE WILL BE 13%
  • MANAGEMENT AND STAFF WILLING TO STAY

OVERVIEW

6 BUILDINGPACKAGEOF STABILIZED STUDENT HOUSING NEAR THE UNIVERSITY AT BUFFALO, NY, MAIN ST. CAMPUS. ALL BUILDINGS UNDER 12 MONTHLEASES ATHAT ARE JOINT AND SEVERAL. 3-7 MINUTES WALK TO CAMPUS. 2026-2027 LEASEUPS IN PROCESS NOW. MANAGMENT AND STAFF WILLING TO STAY ON. CURRENT INPLACE NOI = $131,000 SUPPORTING A CAP RATE OF 8.6%. 2026 NOI WILL SUPPORT A CAP RATE OF 13%.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$534 USD /SF

# OF UNITS

11

PRICE/UNIT

$136,364

CAP RATE

8.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MERRIMAC STUDENT HOUSING PACKAGE

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

140200-079-460-0007-010-000

ASK ABOUT THIS PROPERTY

Michael BattagliaNetwork One RealtyMore Info
716-874-3530

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Michael BattagliaNetwork One RealtyMore Info
716-874-3530

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