42 Delaware AveBuffalo, NY 14202

Property Details for 42 Delaware Ave

Year built

1930

Lot size

0.21 AC

Property size (Sq ft)

63,248 SF

Zone code

N-1D

Property type

Office buildings

APN

140200 111.61-1-1.1

APU

14020011161111

Description

This Class A office building at 42 Delaware Ave in Buffalo, NY, offers flexible executive office and coworking spaces. Originally constructed in 1929 and extensively renovated in 2020, the building boasts approximately 30,000 square feet of total space. Multiple tenancy options are available, with suites ranging from a minimum of 400 square feet to a maximum contiguous space of 4,200 square feet. The building currently houses two suites in total. Its prime downtown location provides convenient access to key legal institutions, including the Erie County Holding Center, Buffalo City Court, and Erie County Courthouse, making it an ideal location for legal professionals and other businesses. The building's address is conveniently located near Delaware Ave. This exceptional property offers a blend of historical charm and modern amenities, providing a prestigious and efficient workspace in the heart of Buffalo. The building's strategic location and flexible space options make it an attractive opportunity for businesses of various sizes seeking a high-quality office environment. Interested parties should inquire about available space and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $11,473,444

  6.5%

  $10,590,871

  7%

  $9,834,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,050,959

  Geo Method

  $5,706,176

• Alternative Use

  Use

  Valuation

  Residential

  $13,132,681

  Hospitality

  $12,029,465

  Educational

  $10,008,373

  Medical

  $10,352,577

  Retail

  $15,568,581

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8849

Longitude

-78.8791

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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