The Buffalo and South Western Railroad was short-lived and was leased by the New York, Lake Erie and Western Railroad on August 1, 1880, for an annual rental of 35 percent of the gross earnings for the line.
A railroad that was operational for a short period, the Buffalo and South Western, was taken over by the New York, Lake Erie and Western on August 1, 1880, under an agreement where the latter would receive a portion of its earnings as rent.