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