UNDER CONTRACT2075 & 2079 Main StreetBuffalo, NY 14208
Offering for sale a three building, 43 unit, former student housing complex with on-site surface parking.
The assessed value of the property indicates a FMV of $5 million. Attractive Crossroads Location for Apartment Development Intersection of Main Street and Rt 33/198 with a Light Rail Transit Station adjacent to the site. The transit station, expressway access ramps and the Main Street corridor provide a short, easy commute to large employment centers in downtown Buffalo, the Buffalo Niagara Medical Campus and SUNY’s Main Street Campus. The property is in walking distance to Canisius College, Medialle College, Sister’s Hospital and Delaware Park. The site is within easy reach of Wegman’s and the restaurants and shops of Elmwood and Hertel Avenue. Asset Overview Buildings A-B-C (2079-2083 Main St) 20,940 sq. ft. and Buildings D-E (207-215 Humboldt Pkwy) 13,680 sq. ft., were originally constructed in 1988 and 1990 for student housing, but configured for conventional apartment use. There are 29 two bedroom / two bath units and 2 one bedroom / one bath units. The units have newer 80% AFUE Goodman gas fired, forced air furnaces with air conditioning. All have separately metered gas and electrical service. (Building A, apartments 6 & 7 have newer Fujitsui mini split units). Each building has a lower level laundry area. Griffin Hall (2075 Main St) 15,496 sq. ft., is adjacent to 2079 Main St. Constructed circa 1949, EPDM roof still under warranty through 2025. The parcel is .32 acres with a rear yard accessible through 2079 Main St. for potential parking development. Seven 1-bedroom and five 2-bedroom units. The units are heated with a hot water (radiators) boiler system, no air conditioning. All utilities are included in the rent and unit finishes are dated, yet functional. |
Exterior View of 2079 Main St Commercial Real Estate for Sale
|
