167-173 Miller Rd - Apartments FOR SALE


Getzville, NY 14068
$2,600,000 USD
716-884-4437
167-173 Miller Rd, Getzville, NY for Sale
$2,600,000 USD
Apartments - FOR SALE
1/4
null | 6.05% Cap Rate

167-173 Miller Rd
Getzville, NY 14068


HIGHLIGHTS

  • Ten single floor luxury townhouse apartments
  • Two-bedroom two-bath apartments with attached garages and private patios
  • New construction in 2018, high end finishes
  • Sale is cash to assumption of existing $1,475,000 Fannie Mae mortgage or buyer to arrange new mortgage financing
  • Included are 2.82 acres for future development
  • Highly rated Williamsville Central School District location

OVERVIEW

The Crossings Townhouse Apartment Complex; 10 two-bedroom single floor townhouses with attached garages built in 2019 in Getzville in the town of Amherst within the Williamsville Central School District. The two-bedroom two-bath townhouses include a private entrance, separate tenant utilities, modern open layouts, gas fire place, washers and dryers, and an attached garage. The kitchens have high end finishes; quartz countertops and stainless appliances. The apartments are zero step with no carpeting, all hard floor finishes. Included are 2.82 acres for future development. The existing $1,475,000 +/- Fannie Mae fixed rate first mortgage through Hunt Real Estate Capital LLC (now Lument Capital) may be assumed in the sale or new mortgage financing may be arranged and buyer to pay yield maintenance prepayment penalty. Amherst is Western New York’s wealthiest suburb and the neighborhoods within the Williamsville School District are the most desirable. Nearby is the CrossPoint Business Park and the State University of NY at Buffalo north campus.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

10

PRICE/UNIT

$260,000

CAP RATE

6.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Crossings

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

-

APN/PARCEL ID

142289 41.08-5-2.1

ASK ABOUT THIS PROPERTY

Brian HeineBrian Heine - Licensed Real Estate BrokerMore Info
716-884-4437

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Brian HeineBrian Heine - Licensed Real Estate BrokerMore Info
716-884-4437

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.