257 Genesee StBuffalo, NY 14202

Property Details for 257 Genesee St

Year built

2007

Lot size

8.18 AC

Property size (Sq ft)

473,220 SF

Zone code

N-1C

Property type

Office buildings

APN

140200 110.60-2-2.1

APU

14020011060221

Description

This prestigious Class A office building, completed in 2007, offers 440,610 square feet of space in two eight-story buildings. Located in downtown Buffalo, between City Hall and the waterfront, it boasts stunning city and lake views from its expansive glass curtain wall. Suites ranging from 25,000 square feet and larger will be available for lease in 2024. The property features a 1,500-space secured parking garage with key card access, providing convenient parking for tenants and visitors. Its prime location offers easy access to major highways (I-190 and Route 5, less than 0.5 miles away), and is just 2.5 miles from the Peace Bridge. The building's LEED Silver certification reflects its commitment to sustainability. Tenants will enjoy the vibrant downtown location, with easy access to popular neighborhoods like Allentown, the Erie Basin Marina, and entertainment venues. High-visibility signage and naming rights opportunities are also available. This is an exceptional opportunity to secure prime office space in a landmark building with unparalleled amenities and location.

• CAP approach

  CAP return

  Valuation

  6%

  $85,844,056

  6.5%

  $79,240,664

  7%

  $73,580,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $45,273,132

  Geo Method

  $42,694,876

• Alternative Use

  Use

  Valuation

  Residential

  $98,258,424

  Hospitality

  $90,004,192

  Educational

  $74,882,432

  Medical

  $77,457,752

  Retail

  $116,483,776

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8858

Longitude

-78.883

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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