Erie County  »  14201  »  Prospect  »  505 Prospect

505 Prospect, Buffalo, NY 14201 - Property report

Also known as: 505 Prospect

Property image for 505 Prospect, Buffalo, NY 14201
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Property type

Colleges and Universities (613)

Year built

1966

Acreage

1.31

General information

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Address
Primary address
505 Prospect
ZIP code
14201
County
Erie
Parcel ID
99.750-7-1.110

Owner

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Tax
Tax year
2025-2026
Zoning & Use
Zoning
Office sq. ft.
Retail sq. ft.
Industrial sq. ft.
Building
Property type
Colleges and Universities (613)
Building sq. ft.
71700
Buildings on lot
1
Stories
12
Story height
Year built
1966
Last altered
1990
AC coverage
Elevator
Units
308
Lot
Total sq. ft.
71,700
Acreage
1.31
Frontage
361 ft
Water
Comm/public
Sewer
Comm/public
Garage sq. ft.
Parking sq. ft.
Sprinkler coverage

Area overview

Walk score
86 /100.  Very Walkable
Transit score
49 /100.  Some Transit
Bike score
84 /100.  Very Bikeable
School district
140200

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 505 Prospect, Buffalo, NY

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 505 Prospect, Buffalo, NY 14201

No recently recorded sales for this property.

More about Erie County property records.

Title documents

No recently recorded documents for this property.

Tax

Property taxes for 505 Prospect, Buffalo, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Base tax
$52,332
Recent tax assessments
Market value
$5,377,500
Land value
$225,100
Building value
$5,152,400
Assessed value
$5,377,500

More about Erie County property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Tax rate Property tax Y-o-Y change
2025 $5,853,659 $3,600,000 9.7317 $35,034 -27.54%
2024 $5,142,857 $3,600,000 13.43 $48,348 -8.70%
2023 $4,615,400 $3,600,000 14.71 $52,956 -8.12%
2022 $4,067,800 $3,600,000 16.01 $57,636 -1.29%
2021 $4,000,000 $3,600,000 16.22 $58,392 +2.07%
2020 $4,579,400 $2,930,800 19.52 $57,209 -3.79%
2019 $4,310,000 $2,930,800 20.29 $59,466 n/a
Permits

Permit information for 505 Prospect, Buffalo, NY

Issued date Permit number Permit type Sub type Valuation Finaled date Status
12/18/2023
10/24/2023
10/24/2023
10/24/2023
10/24/2023

*Most recent permits on record for this property.

Neighborhood

Demographics by ZIP code

Total population
12,369
Median age
34.3
Average household income
$64,518
Family households
35.7%
People per household (average)
1.98
Occupied housing units
6,022
Owner-occupied units
23.6%
Median year structure built
1938
Median value mortgaged units
$346,800
Median value unmortgaged units
$286,100

Risk

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FEMA flood zones

FEMA flood zones
X

Transportation

Daily traffic map
View daily traffic map

Access the detailed traffic volume map for 505 Prospect, Buffalo, NY 14201 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Neighbors for 505 Prospect, Buffalo, NY

443 Porter, Buffalo 187 Fargo, Buffalo 328 Pennsylvania, Buffalo 173 Fargo, Buffalo 100 Plymouth, Buffalo 329 Porter, Buffalo 92 Plymouth, Buffalo 112 Plymouth, Buffalo 181 Fargo, Buffalo 98 14th, Buffalo 175 Fargo, Buffalo 171 Fargo, Buffalo 104 Plymouth, Buffalo 320 Jersey, Buffalo 88 Plymouth, Buffalo 179 Fargo, Buffalo 94 Plymouth, Buffalo 183 Fargo, Buffalo 96 Plymouth, Buffalo 108 Plymouth, Buffalo

Nearby ZIP codes for 505 Prospect, Buffalo, NY

14150, Erie County, NY 14202, Erie County, NY 14203, Erie County, NY 14204, Erie County, NY 14206, Erie County, NY 14207, Erie County, NY 14208, Erie County, NY 14209, Erie County, NY 14210, Erie County, NY 14211, Erie County, NY 14212, Erie County, NY 14213, Erie County, NY 14214, Erie County, NY 14215, Erie County, NY 14216, Erie County, NY 14217, Erie County, NY 14218, Erie County, NY 14220, Erie County, NY 14222, Erie County, NY 14223, Erie County, NY

Frequently asked questions

What is the year built for 505 Prospect, Buffalo, NY 14201?

The development at 505 Prospect, Buffalo, NY 14201 was built in 1966.

What is the total square footage of 505 Prospect, Buffalo, NY 14201?

505 Prospect, Buffalo, NY 14201 has a total of 71,700 square feet.

What is the assessed value of 505 Prospect, Buffalo, NY 14201?

505 Prospect, Buffalo, NY 14201 is currently assessed at $5,377,500.

What are the property taxes for 505 Prospect, Buffalo, NY 14201?

The property taxes for 505 Prospect, Buffalo, NY 14201 total $52,332.

How many residential units does this building have?

This building has 308 residential unit(s).

Disclaimer

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