Highland Park

  • $5,000,000
For Sale New
164, Chalmers Avenue, North Buffalo, Buffalo, Erie County, New York, 14214, United States
For Sale New
164, Chalmers Avenue, North Buffalo, Buffalo, Erie County, New York, 14214, United States
  • $5,000,000
  • Multifamily
  • Property Type
  • 45,337
  • Gross SF
  • 3
  • Stories
  • 39
  • Residential Units
  • 3
  • Number of Buildings
  • 2019
  • Year Built
  • 7.34%
  • Cap Rate
  • $128,205
  • Price Per Unit

Description

Besen Partners has been exclusively retained by Ownership to market Highland Park – 164 Chalmers Avenue, Buffalo, NY 14214. The property was built in 2019 and contains 39 total apartments with a mix of one and two bedrooms. The units offer an attractively large average square footage of 1,162 per unit.

Situated on the north side of Chalmers Avenue between Holden Street and Hill Street in Northeast Buffalo, the property offers modern apartment living with open layouts, in-unit laundry, stainless steel appliances, granite countertops, landscaped green space, off-street parking and excellent connectivity to public transportation. The asset is well-positioned within the North Buffalo rental market, offering residents spacious, thoughtfully designed floor plans and contemporary finishes in a professionally maintained setting.

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Buffalo is an economic hub in Western New York, driven by a diversified economy, strategic location, and ongoing investment. As New York State’s second-largest city, it serves as a regional center for commerce, healthcare, and education.

Anchored by institutions like the University at Buffalo, Buffalo Niagara Medical Campus, M&T Bank HQ and Tesla Gigafactory 2, the city supports strong employment and innovation. Revitalization efforts in the downtown and waterfront—highlighted by projects like Canalside—continue to enhance its appeal.

With strong connectivity, relative affordability, and growth in tech and renewable energy, Buffalo offers a compelling opportunity for commercial real estate investors seeking long-term stability and upside.

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Property Documents

May 2026 T12
Real Property Tax and Sewer Rent Bill
Aged Receivables
County of Erie County and Town Tax
May 2026 Rent Roll

Details

  • Price: $5,000,000
  • Gross SF: 45,337
  • Year Built: 2019
  • Property Type: Multifamily
  • Property Status: For Sale
  • Stories: 3
  • Residential Units: 39
  • Number of Buildings: 3
  • Unit Layouts: 12 1-Bedroom, 27 2-Bedroom
  • Cap Rate: 7.34%
  • Price Per Unit: $128,205
  • City Buffalo
  • State/County Upstate New York
  • Neighborhood/Area Buffalo

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