NOT LISTED FOR SALE

1225 Hertel Ave Buffalo, NY 14216

North Park Neighborhood

Estimated Value: $1,793,123

-- Bed
-- Bath
11,310 Sq Ft
$159/Sq Ft Est. Value

Last Sold June 07, 2019

Last sale price $1,075,000 $95 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $9,657/month

360 Days on Market

Highlights

  • Wood Flooring
  • Tankless Water Heater
  • Baseboard Heating
  • Corner Lot

About This Home

As of June 2019

Amazing investment opportunity in prominent North Buffalo area. Well maintained 3 story brick building. 12- 1bdr. apartments and 3 storefronts with long time tenants. Updates include:new windows and insulation, new high efficiency hot water system, electric, updated plumbing, roof is in excellent condition( per owner). Money maker. Close proximity to schools, shopping, Delaware Park and Buffalo Zoo.
Just minutes away from Peace Bridge/ Canada

Last Agent to Sell the Property

Rick Recckio

Listing by Recckio R.E. & Development,Inc License #31RE0821429 Listed on: 02/13/2018

Last Buyer's Agent

Annette Fachko

Listing by No Office Affiliation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,090

Year Built

  • Built in 1920

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 50x80
  • Corner Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 11,310 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 3 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Baseboard Heating
  • Tankless Water Heater

Community Details

  • 12 Units
  • 15 Separate Gas Meters

Listing and Financial Details

  • Rent includes trash collection, water
  • Tax Lot 1
  • Assessor Parcel Number 140200-078-720-0002-001-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,090

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Property Type: Multi Family
  • Rent Includes: Trash Collection, Water
  • Year Built: 1920
  • Lot Features: Corner Lot
  • Directions: Hertel, at the corner of Traymore st.
  • Flooring: Ceramic Tile, Hardwood, Varies
  • Garage Yn: No
  • Year Built Details: Existing
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Appliances: See Remarks, Tankless Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.0918
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Blacktop Driveway

Garage/Parking

  • Parking Features: Three or more Spaces, No Garage

Utilities

  • Heating: Other, See Remarks, Baseboard
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Available
  • Water Source: Not Connected, Public

Schools

  • Junior High Dist: Buffalo

Lot Info

  • Parcel Number: 140200-078-720-0002-001-000
  • Lot Dimensions: 50X80
  • Lot Size Sq Ft: 4000.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 12
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15

Tax Info

  • Tax Annual Amount: 10090.0
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2024
Sold by
Bd Hertel Lp
Bought by
Buffalos Nationwide Real Estate Llc
Current Estimated Value
$1,793,123

Purchase Details

Listed on
Feb 13, 2018
Closed on
May 13, 2019
Sold by
1225 Hertel Llc
Bought by
Bd Hertel Lp
Seller's Agent
Rick Recckio
Recckio R.E. & Development,Inc
Buyer's Agent
Annette Fachko
No Office Affiliation
List Price
$1,250,000
Sold Price
$1,075,000
Premium/Discount to List
-$175,000
-14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%

Purchase Details

Closed on
Apr 22, 2008
Sold by
Dasgupta Tridib
Bought by
1225 Hertel Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,250
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 2004
Sold by
1225 Hertel Avenue Associates
Bought by
Dasgupta Tridib

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 1995
Sold by
Lenz Thomas
Bought by
1225 Hertel Ave Assoc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Buffalos Nationwide Real Estate Llc $1,625,000 None Available
Bd Hertel Lp $1,075,000 None Available
Bd Hertel Lp $1,075,000 None Available
Bd Hertel Lp $1,075,000 None Available
1225 Hertel Llc $312,000 None Available
1225 Hertel Llc $312,000 None Available
Dasgupta Tridib $260,000 --
1225 Hertel Ave Assoc $193,890 --
1225 Hertel Ave Assoc $193,890 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1225 Hertel Llc $215,250
Previous Owner Dasgupta Tridib $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2019 06/07/19 Sold $1,075,000 -14.0% $95 / Sq Ft
02/07/2019 02/07/19 Pending -- -- --
02/07/2019 02/07/19 For Sale $1,250,000 +16.3% $111 / Sq Ft
02/01/2019 02/01/19 Off Market $1,075,000 -- --
02/01/2019 02/01/19 Pending -- -- --
02/12/2018 02/12/18 For Sale $1,250,000 -- $111 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,026 $540,000 $38,000 $502,000
2023 $2,736 $540,000 $38,000 $502,000
2022 $2,715 $540,000 $38,000 $502,000
2021 $2,715 $540,000 $38,000 $502,000
2020 $2,040 $540,000 $38,000 $502,000
2019 $10,191 $265,000 $10,000 $255,000
2018 $9,421 $265,000 $10,000 $255,000
2017 $1,576 $265,000 $10,000 $255,000
2016 $8,868 $265,000 $10,000 $255,000
2015 -- $265,000 $10,000 $255,000
2014 -- $265,000 $10,000 $255,000
Source: Public Records

Agents Affiliated with this Home

  • Rick Recckio

    Seller's Agent in 2019

    Rick Recckio

    Recckio R.E. & Development,Inc

    (716) 636-8888

    9 Total Sales

    Rick Recckio
    Section Image
  • Annette Fachko

    Buyer's Agent in 2019

    Annette Fachko

    No Office Affiliation

    (716) 523-1009

    18 in this area

    766 Total Sales

    Annette Fachko
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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1098863

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-078-720-0002-001-000

New York Erie County Buffalo 14216 North Park

1225 Hertel Ave, Buffalo, NY

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