42 Delaware Avenue

Investment Overview

42 Delaware Avenue presents the opportunity to acquire a well-positioned office building with established tenancy and long-term utility. This 63,248 SF, eight-story property contains 20 units and is currently 85% occupied, offering investors an in-place income component within a proven downtown office asset. Originally built in 1930 and renovated in 2020, the building combines enduring character with updated improvements. Its Class B profile and N-1D zoning support continued office use, making it a compelling consideration for investors seeking a substantial Buffalo office holding with scale, occupancy, and recent capital updates.

Investment Highlights

• Stabilized office asset with 85% occupancy
• Designed in 1929 by architect Howard L. Beck as the Buffalo City Court building
• Anchored by Lipsitz Green Scime Cambria LLP, a prominent law firm
• Investment opportunity with potential for strong cash on cash returns and asset appreciation
• Recent capital improvements include over $200,000 in a new boiler system and heat pumps, roof, windows, and updated elevator cabs and mechanicals
• Located around nearby parking in the Downtown Historic District with executive, on-site, covered parking
• Prominent visibility fronting Delaware Avenue