632 W Ferry St - Apartments FOR SALE


Buffalo, NY 14222- Grant Ferry
$829,000 USD
716-849-1234
632 W Ferry St, Buffalo, NY for Sale
$829,000 USD
Apartments - FOR SALE
1/44
null | Request Cap Rate

632 W Ferry St
Buffalo, NY 14222
Grant Ferry


HIGHLIGHTS

  • 162' Of Street Frontage
  • High Street and Foot Traffic
  • All Brick Exterior
  • 2nd Floor Owner's Unit
  • Two Car Garage

OVERVIEW

A rare opportunity to own a distinguished mixed-use property in one of the city's most desirable neighborhoods. 632 West Ferry St. offers a prime Elmwood Village location, blending classic charm with modern amenities. This all-brick corner property is ideal for both investors and owner-occupants, offering excellent visibility and accessibility for commercial and residential tenants. The building features four fully utilized floors, including four residential apartments, a garden level office suite, a driveway, and a two car garage. The first floor offers two one bedroom apartments. The front unit is generously sized, featuring an updated kitchen, formal dining room, hardwood floors, a gas fireplace, built ins, and a bright solarium. The rear unit is a cozy one bedroom with hardwood floors, a kitchen, living area, and bath. The second floor is dedicated to an oversized owner’s unit with three bedrooms, one and a half baths, an eat in kitchen, formal dining room, spacious living area with gas fireplace and built-ins, a balcony, walk-in closet, and abundant storage. The third floor is a well updated, light filled two-bedroom with a renovated kitchen, skylit living area, and full bath with a stand up shower. The garden level office suite is bright and welcoming, offering a waiting area, three private offices, a kitchenette, and a bathroom. All units have separate heating systems with cooling capabilities. Two hot water tanks service the building, which is equipped with six electric meters and one gas meter. Additional updates include a full fire suppression system, new basement subfloor, drain tile, two sump pumps, and a replaced main sewer line. The roof was partially replaced 10 years ago. Tenant conveniences include two washers, two dryers, and a security/camera system. Square footage provided by tax records does not include third floor or garden level.

FOR SALE DETAILS

PRICE

$829,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

5

PRICE/UNIT

$165,800

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Four Apartments and One Office Suite

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,156 SF

ZONING

N-2E

APN/PARCEL ID

140200-100-290-0003-016-000

ASK ABOUT THIS PROPERTY

Gary GrecoGurney Becker & BourneMore Info
716-849-1234

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Gary GrecoGurney Becker & BourneMore Info
716-849-1234

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