Jordan Wang Acquires Retail Shopping Center In Buffalo From Paul Cutrone For $2.5M
2207 Niagara Street
$2,500,000
$63/SF
Building Size
39,336 SF
Asset Type
Retail
Closing
Jul 30, 2025
About this deal
AI
A retail shopping center located at 2207 Niagara Street in Buffalo was sold for $2,500,000. This property features a total square footage of 39,336 and was evaluated at a price per square foot of $63. At the time of the sale, the property was 70% occupied, leading to complex financing challenges that were successfully addressed during the transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Buyer: Jordan Wang
- Seller: Paul Cutrone
- Brokers: Samuel Finkler & Reese Weaver - Besen Partners
- Square Footage: 39,336
- Price per Square Foot: $63
The transaction was facilitated by Samuel Finkler and Reese Weaver of Besen Partners, who successfully brokered the sale on behalf of an exclusive client. Their expertise allowed them to navigate the financing challenges and ultimately procure a California-based buyer for the retail shopping center.
On the Map
$2,500,000
$63/SF
Retail
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Players
Buffalo Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93