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