NOT LISTED FOR SALE

372 Winspear Ave Buffalo, NY 14215

University Heights Neighborhood
-- Bed
-- Bath
12,134 Sq Ft
7,993 Sq Ft Lot

Last Sold July 29, 2022

Last sale price $1,500,000 $124 Per Sq Ft

12 Days on Market

Highlights

  • 0.18 Acre Lot
  • Wood Flooring
  • Awning
  • Property is near public transit
  • Patio
  • Ceiling Fan

About This Home

As of July 2022

14 unit all brick apartment building with terracotta roof, one of the most beautiful and durable roofing options, located across the street from University of Buffalo South campus and the VA (veterans) hospital, two huge drivers for tenancies. The building features 8 parking spots, and is well manicured and maintained. The building consists of (2) studio apartments, (6) two bed. apartments, and (6) one bed. apartments for an easier property management experience. The basement is under the entire building with limestone walls, steel beams and 10' ceilings and features a common laundry area with 2 sets of coin operated laundry machines. An add value component to this property is building out tenant storage lockers in the basement and/or other tenant amenities that's extremely possible in this space. The potential gross income (as is): $143,200, total property taxes (annually): $7,146.16, total utility expenses (gas, electric, water last 12mo): $14,315.90. Most of the tenants are on a month/month arrangements and rents can be reset to more market rate amounts. Lastly the onsite manager is willing to stay on post closing to make this a smooth acquisition.

Last Agent to Sell the Property

Nicholas Giambra

Listing by Iconic Real Estate License #10301221885 Listed on: 05/27/2022

Last Buyer's Agent

Pushpa Gunatilake

Listing by Pioneer Star Real Estate Inc. License #10311200587

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,148

Year Built

  • Built in 1900

Lot Details

  • 7,993 Sq Ft Lot
  • Lot Dimensions are 140x98

Home Design

  • Brick Exterior Construction
  • Copper Plumbing

Interior Spaces

  • 12,134 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Awning
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Driveway

Utilities

  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Water Heater

Additional Features

  • Patio
  • Property is near public transit

Listing and Financial Details

  • Rent includes heat, hot water, snow removal, trash collection
  • Tax Lot 2
  • Assessor Parcel Number 140200-079-650-0001-002-000

Community Details

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $46,530
  • Gross Income $143,220

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,148

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Property Type: Multi Family
  • Rent Includes: Heat, Hot Water, Snow Removal, Trash Collection
  • Year Built: 1900
  • ResoLaundryFeatures: Common Area
  • Lot Features: Near Public Transit, Residential Lot
  • Road Frontage Type: City Street
  • Directions: On the corner of Winspear and LeBrun located directly in Buffalo, the city of good neighbors.
  • Flooring: Carpet, Ceramic Tile, Hardwood, Varies, Vinyl
  • Garage Yn: No
  • Interior Features: Ceiling Fan(s)
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
  • Basement: Full
  • Basement YN: Yes
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.1835
  • Waterfront: No
  • Construction Type: Brick, Copper Plumbing
  • Exterior Features: Awning(s), Blacktop Driveway, Patio
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: Driveway, No Garage

Utilities

  • Heating: Gas, Radiant
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Senior Community: No

Schools

  • Junior High Dist: Buffalo

Lot Info

  • Parcel Number: 140200-079-650-0001-002-000
  • Lot Dimensions: 140X98
  • Lot Size Sq Ft: 7993.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 14
  • Annual Gross Income: 143220.0
  • Annual Operating Expense: 46530.0
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 7148.0
  • Tax Lot: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2022 07/29/22 Sold $1,500,000 +3.4% $124 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $1,450,000 -- $119 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nicholas Giambra

    Seller's Agent in 2022

    Nicholas Giambra

    Iconic Real Estate

    (716) 670-3721

    2 in this area

    188 Total Sales

    Nicholas Giambra
    Section Image
  • Pushpa Gunatilake

    Buyer's Agent in 2022

    Pushpa Gunatilake

    Pioneer Star Real Estate Inc.

    (716) 907-3046

    4 in this area

    374 Total Sales

    Pushpa Gunatilake
    Section Image
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Map

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

MLS Number: B1409312

Western New York Real Estate Information Services (WNYREIS)
New York Erie County Buffalo 14215 University Heights

372 Winspear Ave, Buffalo, NY

This home is located at 372 Winspear Ave, Buffalo, NY 14215 since 27 May 2022. This property was built in 1900. 372 Winspear Ave is a home located in Erie County with nearby schools including Westminster Community Charter School, St. Joseph University School, and Nativitymiguel Middle School - Buffalo.

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