70 McKinley Pkwy - Multi-Family FOR SALE


Buffalo, NY 14220- South Park
$6,000,000 USD
716-883-2200
70 McKinley Pkwy, Buffalo, NY for Sale
$6,000,000 USD
Multi-Family - FOR SALE
1/48
null | 9.04% Cap Rate

70 McKinley Pkwy
Buffalo, NY 14220
South Park


OVERVIEW

An exceptional investment opportunity: this well-maintained, turnkey 70-unit, all-brick apartment complex with ample off street parking is ideally located on McKinley Parkway in South Buffalo close to Frederick Law Olmsted Designed South Park & Buffalo's Botanical Gardens. This Property spans 3.8 acres across 23 buildings & features a desirable unit mix of 25 one-bedroom, 23 two-bedroom, and 22 townhouse-style apartments. All units offer separate utilities and heating systems, central air, and on-site parking. Ownership covers water and garbage. The complex currently generates $60,986 in gross monthly income and benefits from long-term tenants with rents below market, presenting strong upside potential. Each building includes a full basement with storage and individual laundry hookups (tenant-supplied washers and dryers).

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$74 USD /SF

# OF UNITS

70

PRICE/UNIT

$85,714

CAP RATE

9.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downing St. Apartments

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.81 AC

LAND SF

165,823 SF

ZONING

-

APN/PARCEL ID

140200-133-800-0002-035-000

ASK ABOUT THIS PROPERTY

William AbelsHunt Real EstateMore Info
716-883-2200

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William AbelsHunt Real EstateMore Info
716-883-2200

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