Seller's Agent in 2025
Julie Murek
Howard Hanna
(716) 885-4000
3 in this area
23 Total Sales
540 Niagara St Buffalo, NY 14201
West Side Neighborhood
3
Beds
--
Bath
7,731
Sq Ft
8,580
Sq Ft Lot
Highlights
- 0.2 Acre Lot
- Wood Flooring
- Forced Air Heating System
About This Home
As of February 2025Exciting opportunity to be part of the transformational redevelopment of Niagara St! Very large (7,731 total sq ft), brick, mixed-use investment property with reliable cash flow. Sale includes two buildings (540 Niagara St & 544 Niagara St). Property consists of: two storefront businesses (one barbershop, one restaurant/bakery, both well established & successful); a three bedroom townhome (tenant occupied); a partially gutted two bedroom townhome; and a two bedroom upper apartment (vacant). Separate utilities. Full, dry basement. Driveway, two car detached garage, & additional parking in the rear. Property is centrally located between downtown, Peace Bridge into Canada, Buffalo Niagara Medical Campus, D'Youville College, Allentown, & Elmwood Village. Close proximity to major thru-way systems. Current gross annual income $55,800. With renovation of the partially gutted townhome & leasing of the vacant two bedroom upper apartment, potential gross annual income $85,800.
Last Agent to Sell the Property
Listing by Howard Hanna WNY Inc Brokerage Phone: 716-602-2947 License #10401298096 Listed on: 07/08/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,774
Year Built
- Built in 1925
Lot Details
- 8,580 Sq Ft Lot
- Lot Dimensions are 65x132
Home Design
- Brick Exterior Construction
Interior Spaces
- 3 Bedrooms
- 7,731 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
Parking
- 3 Parking Spaces
- Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Radiant Heating System
- Gas Water Heater
Community Details
- 5 Units
- 4 Separate Gas Meters
Listing and Financial Details
- Rent includes trash collection, water
- Assessor Parcel Number 140200-110-270-0003-009-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 15, 2024
Sold by
Ruthful Llc
Bought by
Cv 12157 Llc
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $270,000 | None Available | |
| Deed | $270,000 | None Available | |
| Deed | $270,000 | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/12/2025 02/12/25 | Sold | $270,000 | -10.0% | $35 / Sq Ft |
| 10/24/2024 10/24/24 | Pending | -- | -- | -- |
| 07/08/2024 07/08/24 | For Sale | $299,900 | -- | $39 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $998 | $178,000 | $46,200 | $131,800 |
| 2023 | $902 | $178,000 | $46,200 | $131,800 |
| 2022 | $895 | $178,000 | $46,200 | $131,800 |
| 2021 | $895 | $178,000 | $46,200 | $131,800 |
| 2020 | $308 | $178,000 | $46,200 | $131,800 |
| 2019 | $1,538 | $40,000 | $9,200 | $30,800 |
| 2018 | $1,422 | $40,000 | $9,200 | $30,800 |
| 2017 | $238 | $40,000 | $9,200 | $30,800 |
| 2016 | $1,339 | $40,000 | $9,200 | $30,800 |
| 2015 | -- | $40,000 | $9,200 | $30,800 |
| 2014 | -- | $40,000 | $9,200 | $30,800 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Murek
-
Jeremy Ballsmith
Buyer's Agent in 2025
Jeremy Ballsmith
Towne Housing Real Estate
(716) 598-7257
1 in this area
10 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1550066
APN: 140200-110-270-0003-009-000
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