• 2007 new-construction mixed-use asset designed and built by an experienced architect builder team. New-vintage construction features modern building systems, low deferred maintenance, and no near-term capital expenditures required.
• Located on a premier stretch of the Elmwood Avenue commercial corridor, surrounded by consistent foot traffic, established retailers, and continued neighborhood reinvestment. Walking distance to other popular neighborhoods including 5 Points and Allentown.
• Retail anchored by Chayban’s Tailoring, a second-generation Elmwood Village staple, and Lock & Key Escape Room, a long-term tenant with over 10 years of operating history at the property.
• Residential units feature highly marketable amenities including balconies, central air, in-unit laundry (in some units), dishwashers, and great natural light — supporting tenant retention and rent growth.
• Mark-to-market opportunity: Current in-place rents are below prevailing submarket levels, with comparable apartments supporting achievable increases of approximately 15–20% and upwards of 50% on storefront retail. *Broker has comparables for reference.
• Latent upside through more attentive leasing and management that realizes rent normalization while maintaining occupancy.
• Positioned near downtown Buffalo, the Buffalo Niagara Medical Campus, D’Youville University, and the University at Buffalo Jacobs School of Medicine, providing established rental demand drivers
IDEAL FOR INVESTORS SEEKING:
• Stability in one of Buffalo’s most proven and in demand submarkets.
• Both Immediate and gradual income upside.
• Low maintenance asset.
PROPERTY FEATURES
• Constructed in 2007
• 11,437 Square Feet
• Apartments – (9) total –Mix of 1, 2, and 3 bedroom units, including lofted penthouse suites –In-unit laundry (4/9 units), AC (all units) –Balconies (all units)
• Commercial – 2,200 sf storefront retail + 2,000 sf additional retail
• Parking – Adjacent public lot accommodates resident and business parking
• ADA Compliant Building • Zoning – N-2C, “Mixed Use Center”
CONSTRUCTION
• Utilities – Individually metered gas and electric. Landlord pays for water/hot water
• Fully sprinkled, incl. fire alarm monitoring
• Exterior – Low-maintenance cement board siding, vinyl windows, and pitched asphalt roof
• Heated sidewalk – Reduces snow removal and liability
