NOT LISTED FOR SALE

Estimated Value: $370,095

Studio
-- Bath
4,440 Sq Ft
$83/Sq Ft Est. Value

Last Sold November 28, 2022

Last sale price $270,000 $61 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,010/month

86 Days on Market

Highlights

  • Wood Flooring
  • 1-minute walk to Lasalle
  • Ceiling Fan
  • Fenced Yard
  • Property is near bus stop
  • Hot Water Heating System

About This Home

As of November 2022

Mixed use property with busy high visibility location in the University District. Across the street from Four M Sales, Aldi's and the Lasalle metro station. Several blocks from UB's Main St campus. This 4,440sqft building contains a storefront and three residential apartments. Long term tenant in the upper paying $940/month. Lower rear pays $1000. Tenants pay on time each month. Storefront has a tenant ready to lease at $1200/month. Upper rear apt will be rented for $1300 after improvements are made. Garage tenant paying $200/month includes maintenance and snow removal. Property gross $4640/month fully occupied. 3 car detached garage. Recent updates include a new vinyl railing on the back upper porch, vinyl windows, vinyl siding, a tear off roof, new electric service from the pole, new main overhead garage door, the boilers and hot water tanks have been replaced in the last few years. Cap rate is 13.9%. A qualified buyer can assume the existing commercial loan with acceptable down payment.

Last Agent to Sell the Property

Sarah Duran

Listing by WNY Metro Roberts Realty License #10401241013 Listed on: 07/06/2022

WNY Metro Roberts Realty

Last Buyer's Agent

Jennifer Hobson

Listing by WNY Metro Roberts Realty License #40GU1118030

WNY Metro Roberts Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,356

Year Built

  • Built in 1917

Lot Details

  • 4,104 Sq Ft Lot
  • Lot Dimensions are 114 x 36
  • Fenced Yard

Home Design

  • Mixed Use
  • Stone Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,440 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 3 Car Garage
  • Driveway

Location

  • Property is near bus stop

Utilities

  • Multiple Heating Units
  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 140200-079-620-0004-034-000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,356

Year Built

Built in 1917

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 180000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 114
  • Lot Dimension Front: 36
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 34
  • Nearest Cross Street: Minnesota
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 2866242.04
  • Ratio Close Price By Sq Ft: 60.81
  • Ratio List Price By Acres: 3077494.69
  • Ratio List Price By Sq Ft: 65.29
  • Regional Board Code: Buffalo
  • Roof Description: Asphalt
  • School Tax: 1194
  • Sub Board Code: Buffalo
  • Type of Residence: 4 Unit, Mixed Use
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4104
  • Age of Building: 105
  • Year Built: 1917
  • Directions To Property: Main St
  • Sq Ft Total Pub: 4440
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1917

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Laminate-Some, Vinyl-Some
  • Total Sq Ft: 4440

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Fully Fenced Yard
  • Number of Acres: 0.0942

Garage/Parking

  • Number of Electric Meters: 3
  • Number of Garage Spaces: 3.0000
  • Parking Driveway: Blacktop

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Hot Water
  • Number of Gas Meters: 3
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 140200-079-620-0004-034-000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 3356

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Nov 10, 2022
Sold by
Forest Buffalo Development Llc
Bought by
Bros Re Properties Inc
Seller's Agent
Sarah Duran
WNY Metro Roberts Realty
Buyer's Agent
Jennifer Hobson
WNY Metro Roberts Realty
List Price
$320,000
Sold Price
$270,000
Premium/Discount to List
-$50,000
-15.62%
Views
34
Current Estimated Value
$370,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,095
Avg. Annual Appreciation
10.49%
Original Mortgage
$250,000
Outstanding Balance
$241,936
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$128,159

Purchase Details

Listed on
Mar 6, 2020
Closed on
Aug 26, 2020
Sold by
Kayandar Developments Llc
Bought by
Forest Buffalo Development Llc
Seller's Agent
Luigi Rodo
Keller Williams Realty WNY
Buyer's Agent
Sarah Duran
WNY Metro Roberts Realty
List Price
$250,000
Sold Price
$217,000
Premium/Discount to List
-$33,000
-13.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%
Original Mortgage
$176,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 2014
Sold by
Hoque Mohammed and Talukder Abul
Bought by
Kayandar Developments Llc

Purchase Details

Closed on
Mar 3, 2007
Sold by
Alberts Richard J and Grasso Eugene D
Bought by
Talukder Abul and Shamim Anwar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2000
Sold by
Grasso Donald N
Bought by
Grasso Eugene D

Purchase Details

Closed on
Dec 16, 1999
Sold by
Dean Dorothy M
Bought by
Davis Danielle Y

Purchase Details

Closed on
Jan 15, 1998

Purchase Details

Closed on
Dec 9, 1997

Purchase Details

Closed on
Feb 8, 1994
Sold by
Lauer Erwin P and Lauer W
Bought by
Grasso Donald N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bros Re Properties Inc $270,000 None Available
Bros Re Properties Inc $270,000 None Available
Bros Re Properties Inc $270,000 None Available
Bros Re Properties Inc $270,000 None Available
Forest Buffalo Development Llc $220,000 None Available
Forest Buffalo Development Llc $220,000 None Available
Forest Buffalo Development Llc $220,000 None Available
Forest Buffalo Development Llc $220,000 None Available
Kayandar Developments Llc $125,000 None Available
Kayandar Developments Llc $125,000 None Available
Talukder Abul $120,000 Ticor Title Insurance Compan
Talukder Abul $120,000 Ticor Title Insurance Compan
Grasso Eugene D -- --
Grasso Eugene D -- --
Grasso Eugene D -- --
Davis Danielle Y $26,500 --
Davis Danielle Y $26,500 --
Davis Danielle Y $26,500 --
-- $75,268 --
-- $75,268 --
-- -- --
-- -- --
Grasso Donald N $94,000 --
Grasso Donald N $94,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bros Re Properties Inc $250,000
Closed Bros Re Properties Inc $250,000
Previous Owner Forest Buffalo Development Llc $176,000
Previous Owner Talukder Abul $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/28/2022 11/28/22 Sold $270,000 -6.9% $61 / Sq Ft
09/30/2022 09/30/22 Pending -- -- --
09/22/2022 09/22/22 Price Changed $289,900 -3.3% $65 / Sq Ft
08/10/2022 08/10/22 Price Changed $299,900 -6.3% $68 / Sq Ft
07/06/2022 07/06/22 For Sale $320,000 +47.5% $72 / Sq Ft
08/26/2020 08/26/20 Sold $217,000 -13.2% $49 / Sq Ft View Prior Sale
05/03/2020 05/03/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $250,000 -- $56 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $1,009 $180,000 $40,400 $139,600
2023 $912 $180,000 $40,400 $139,600
2022 $905 $180,000 $40,400 $139,600
2021 $905 $180,000 $40,400 $139,600
2020 $631 $180,000 $40,400 $139,600
2019 $3,153 $82,000 $13,500 $68,500
2018 $2,915 $82,000 $13,500 $68,500
2017 $488 $82,000 $13,500 $68,500
2016 $2,744 $82,000 $13,500 $68,500
2015 -- $82,000 $13,500 $68,500
2014 -- $82,000 $13,500 $68,500
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1417511

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-079-620-0004-034-000