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Fully Leased New Construction Asset 32 Buffalo St 8 Unit Apartment Building $3,942,661 CAD ($492,833 CAD/Unit) 7% Cap Rate Churchville, NY 14428

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INVESTMENT HIGHLIGHTS

  • Newly constructed
  • New apartments and retail space on Black Creek
  • Brand new apartment building, 100 percent occupied

EXECUTIVE SUMMARY

32 Buffalo St & S Main St, Churchville, NY 14428
FOR SALE – NEW CONSTRUCTION | BLACK CREEK COMMONS
Introducing Black Creek Commons, a premier mixed-use development in the heart of Churchville, NY, overlooking the scenic Black Creek. Completed in Spring 2025, this brand-new construction offers a true hands-off investment opportunity with both residential and retail components fully in place.
Property Highlights:
8 Luxury Apartments – Spacious 2-bedroom, 2-bath units featuring private garages, elevator access, open floor plans, and high-quality finishes. Each unit is individually metered, providing efficiency and long-term ease of management.
2 Prime Ground-Level Retail Spaces – Highly visible storefronts with strong tenancy already secured. Current occupants include an established insurance company and a property management/real estate firm, ensuring immediate rental income stability.
Key Features:
Modern new construction with timeless design
Direct waterfront location on Black Creek
Elevator access to residential levels
Ample on-site parking and private garage options
Individually metered utilities for tenant efficiency
Convenient location in the Village of Churchville
Ideal 1031 Exchange opportunity
This is a rare chance to acquire a newly constructed, fully leased mixed-use asset in a growing community. With strong demand for rental housing and limited new supply in the area, Black Creek Commons is positioned as a long-term, stable investment with immediate income and future upside.

ATTACHMENTS

Survey, 2025

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $3,942,661 CAD
Price Per Unit $492,833 CAD
Sale Type Investment
Cap Rate 7%
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.96 AC
Building Size 17,000 SF
Average Occupancy 100%
No. Stories 3
Year Built 2025
Parking Ratio 0.47/1,000 SF
Cross Streets S Main St
Zoning multi family - multi-family and retail

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Property Manager on Site
  • Smoke Free
  • Elevator
  • Maintenance on site

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 8 $2,767 CAD 1,200

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
264801-143-100-0001-037-000
Land Assessment
$40,432 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$40,432 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 37654232

  • Date on Market: 2024-03-20

  • Last Updated:

  • Address: 32 Buffalo St, Churchville, NY 14428

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