111 Porter Avenue, Buffalo New York

Peace Bridge Apartments 111 Porter Avenue, Buffalo New York – 8.2% Cap Rate

A 125 unit brick complex located directly across from the Peace Bridge at

NYS I-190 Exit

Lot Size:        1.09 acres

Unit Mix:        114 Studios and 11 one bedroom

Features:

  • Excellent condition
  • Onsite laundromat facilities
  • Solid brick structure
  • 70 car parking
  • Additional indoor 32 car parking for income generating car and boat storage
  • 5 minutes from Downtown Buffalo
  • Close to D’Youville College
  • Insulated roof and windows are approximately 12 years old
  • Security system with cameras
  • Gas boiler in excellent condition
  • Studios rent for $650-$699 and one bedroom for $750
  • Originally constructed as hotel in 1959 so all or part could be converted to Air BNB to service Canadian visitors to United States

 

  • Address: 111 Porter Avenue Buffalo NY 
  • Price: $7,950,000 
  • Lot Size: 1.09 acres 
  • Done Deal: No