510 Washington St - Apartments FOR SALE


Buffalo, NY 14203- Downtown Buffalo
$3,250,000 USD
585-507-1500
510 Washington St, Buffalo, NY for Sale
$3,250,000 USD
Apartments - FOR SALE
1/17
null | 7.64% Cap Rate

510 Washington St
Buffalo, NY 14203
Downtown Buffalo


HIGHLIGHTS

  • Twelve (12) Apartments and One (1) Commercial Space = 13 total units
  • Unit Mix: (6) 1 bed / 1.5 bath (6) 2 bed / 2 bath and (1) 1,350 SF Retail Space
  • City Tax Abatement through 2032
  • Complete Conversion-Renovation in 2018-2019

OVERVIEW

Premier investment opportunity in the heart of Downtown Buffalo. The property known as The Alexandre Apartments, located at 510 Washington Street, is a luxury 12-unit multifamily/mixed use building, offering a rare chance to acquire a high-quality asset in Buffalo's Central Business District. This meticulously maintained building features 12 upscale residential units and first floor commercial space. Its prime location provides immediate access to major employers, entertainment venues, public transportation, and benefits from the momentum of downtown revitalization efforts. Please call 716-852-7500, or email tbalentine@pyramidbrokerage.com for financials and rent roll.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

12

PRICE/UNIT

$270,833

CAP RATE

7.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Alexandre Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

N-12

APN/PARCEL ID

140200-111-460-0009-006-000

ASK ABOUT THIS PROPERTY

Tyler A. BalentineCushman and Wakefield/Pyramid Brokerage CompanyMore Info
585-507-1500

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Tyler A. BalentineCushman and Wakefield/Pyramid Brokerage CompanyMore Info
585-507-1500

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