NOT LISTED FOR SALE

504 E Ferry St Buffalo, NY 14208

Hamlin Park Historic District Neighborhood

Estimated Value: $78,000 - $186,000

6 Beds
2 Baths
2,244 Sq Ft
$63/Sq Ft Est. Value

Last Sold March 09, 2016

Last sale price $40,000 $18 Per Sq Ft

Est. 253% increase in value since last sale

Current estimated payment $757/month

35 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Property is near bus stop
  • Full Attic

About This Home

As of March 2016

Start the year off right with this cash cow. This 2 unit money maker in the Buffalo's historic Hamlin Park neighborhood is fully occupied. Both units have 3 bedrooms. Currently the home grosses 16,800 yearly. Both apartments are rented for $700 monthly with good tenants who take care of their units. At it's current income, this home has a 22% cap rate. Both bathrooms have been remodeled. Electrical updated 2014. Slate roof! The home is centrally located with close proximity to downtown Buffalo, the 33 expressway, and bus routes. Call now and invest in the city!

Last Agent to Sell the Property

Anja Wright

Listing by Roncroft Realty License #10491212867 Listed on: 12/18/2015

Last Buyer's Agent

Syed Rizvi

Listing by Keller Williams Realty WNY License #10401279412

Keller Williams Realty WNY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $998

Year Built

  • Built in 1925

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 105 x 35

Parking

  • No Garage

Home Design

  • Duplex

Interior Spaces

  • 2,244 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Linoleum

Location

  • Property is near bus stop

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes no utilities, refuse removal
  • Assessor Parcel Number 140200-100-350-0003-038-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$998

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Age: 90
  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 28600
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 105
  • Lot Dimension Front: 35
  • Lot Information: Near Bus Line, Neighborhood Street
  • L P Per Acre: 623750.0000
  • List Price per Sq Ft: 22.2370
  • Nearest Cross Street: Humboldt
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 500000.00
  • Ratio Close Price By Sq Ft: 17.83
  • Ratio List Price By Acres: 623750.00
  • Ratio List Price By Sq Ft: 22.24
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: No Utilities, Refuse Removal
  • School Tax: 406
  • Sale Price List Price: 0.8016
  • S P Per Acre: 500000.0000
  • S P Per Sq Ft: 17.8300
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit, Duplex
  • Type of Sale: Normal
  • Value Range Search Low Price: 49900.00
  • Year Built Description: Existing
  • Age of Building: 97
  • Year Built: 1925
  • Directions To Property: Take Humboldt pkwy. to East Ferry.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1925

Interior Features

  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Linoleum/Vinyl, Wood-Some
  • Number of Rooms: 12
  • Total Sq Ft: 2244

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.0800

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces

Utilities

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

Lot Info

  • Parcel Number: 140200-100-350-0003-038-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 998

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2022
Sold by
Alam Mohammed M and Alam Sultana S
Bought by
Rokshana Sharmin Sultana
Current Estimated Value
$141,323

Purchase Details

Listed on
Dec 18, 2015
Closed on
Mar 4, 2016
Sold by
Austin Timothy
Bought by
Alam Sultana S and Alam Mohammed M
Seller's Agent
Anja Wright
Roncroft Realty
Buyer's Agent
Syed Rizvi
Keller Williams Realty WNY
List Price
$54,900
Sold Price
$40,000
Premium/Discount to List
-$14,900
-27.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.60%

Purchase Details

Closed on
Aug 10, 2015
Sold by
Daniels Jennell E and Daniels Jennell E
Bought by
Austin Timothy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rokshana Sharmin Sultana $65,000 None Available
Rokshana Sharmin Sultana $65,000 None Available
Rokshana Sharmin Sultana $65,000 None Available
Rokshana Sharmin Sultana $65,000 None Available
Alam Sultana S $45,000 Title Resources Guaranty Com
Alam Sultana S $45,000 Title Resources Guaranty Com
Alam Sultana S $45,000 Title Resources Guaranty Com
Alam Sultana S $45,000 Title Resources Guaranty Com
Austin Timothy $1,100,000 None Available
Austin Timothy $1,100,000 None Available
Austin Timothy $1,100,000 None Available
Austin Timothy $1,100,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2016 03/09/16 Sold $40,000 -27.1% $18 / Sq Ft
01/22/2016 01/22/16 Pending -- -- --
12/18/2015 12/18/15 For Sale $54,900 -- $24 / 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 $286 $51,000 $3,000 $48,000
2023 $258 $51,000 $3,000 $48,000
2022 $256 $51,000 $3,000 $48,000
2021 $256 $51,000 $3,000 $48,000
2020 $220 $51,000 $3,000 $48,000
2019 $785 $28,600 $2,100 $26,500
2018 $738 $28,600 $2,100 $26,500
Source: Public Records

Agents Affiliated with this Home

  • Anja Wright

    Seller's Agent in 2016

    Anja Wright

    Roncroft Realty

    (716) 218-0015

    1 in this area

    28 Total Sales

    Anja Wright
    Section Image
  • Syed Rizvi

    Buyer's Agent in 2016

    Syed Rizvi

    Keller Williams Realty WNY

    (716) 946-2700

    7 in this area

    220 Total Sales

    Syed Rizvi
    Section Image
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Map

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

MLS Number: B490633

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-100-350-0003-038-000

New York Erie County Buffalo 14208 Hamlin Park Historic District

504 E Ferry St, Buffalo, NY

Not Listed for Sale

MultiFamily

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