NOT LISTED FOR SALE

850 West Ave Buffalo, NY 14213

Upper West Side Neighborhood
-- Bed
-- Bath
4,041 Sq Ft
1900 Built

Last Sold July 07, 2020

Last sale price $242,500 $60 Per Sq Ft

4 Days on Market

Highlights

  • Wood Flooring
  • Full Attic
  • Ceiling Fan

About This Home

As of July 2020

4 family home currently marketed at an 10.14% cap rate (at below market rents) two blocks from Niagara Street. The location of this property features tremendous potential as it's situated on the same block as Rich Products 3.62 acre development lot on the corner of Niagara and Ferry and within walking distance of all Niagara Street community revitalization developments projects. Property features 10 year old tear off roof (20 year shingle), separate electric service (no house meter, all circuit breakers), 4 boilers (age of boilers: 2016, 2016, 2014, 2017), 4 hot water tanks replaced in 2020, off street parking and separate laundry hook ups for all tenants. A current certificate of occupancy will transfer to the new owner, and new tentative tax assessment is $220,000. Actual gross income is $2,875/month, and potential gross income well over $4,000/month with cosmetic improvements.

Last Agent to Sell the Property

Nicholas Giambra

Listing by Iconic Real Estate License #10301221885 Listed on: 05/29/2020

Last Buyer's Agent

Zanna Barth

Listing by No Office Affiliation License #10401311879

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,304

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 220 x 40

Home Design

  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 4,041 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Parking

  • 3 Car Garage
  • Driveway

Utilities

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

Listing and Financial Details

  • Rent includes refuse removal, water
  • Assessor Parcel Number 140200-099-420-0001-012-000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Operating Expense $10,171
  • Gross Income $34,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,304

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Annual Operating Expenses: 10171
  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 220000
  • Gross Annual Income: 34500
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 220
  • Lot Dimension Front: 40
  • Nearest Cross Street: Ferry
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Sq Ft: 60.01
  • Ratio List Price By Sq Ft: 59.39
  • Regional Board Code: Buffalo
  • Rent Includes: Refuse Removal, Water
  • Roof Description: Asphalt
  • School Tax: 439
  • Sub Board Code: Buffalo
  • Type of Residence: 4 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: On West Avenue between Ferry and Albany.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some, Pex Plumbing- Some
  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Laminate-Some
  • Total Sq Ft: 4041

Exterior Features

  • Construction: Composition, Wood

Garage/Parking

  • Number of Electric Meters: 4
  • Number of Garage Spaces: 3.0000
  • Parking Driveway: Concrete, Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Hot Water
  • Number of Gas Meters: 4
  • Number of Heating Units: 4
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Buffalo

Lot Info

  • Parcel Number: 140200-099-420-0001-012-000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 1304

MLS Schools

  • School District Name: Buffalo

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 Change Sq Ft Price
07/07/2020 07/07/20 Sold $242,500 +1.0% $60 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $240,000 -- $59 / 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 2020

    Nicholas Giambra

    Iconic Real Estate

    (716) 670-3721

    10 in this area

    203 Total Sales

    Section Image

  • Z

    Buyer's Agent in 2020

    Zanna Barth

    No Office Affiliation

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Map

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

MLS Number: B1267401

Western New York Real Estate Information Services (WNYREIS)

New York Erie County Buffalo 14213 Upper West Side

850 West Ave, Buffalo, NY

This home is located at 850 West Ave, Buffalo, NY 14213 since 29 May 2020. This property was built in 1900. 850 West Ave is a home located in Erie County with nearby schools including West Buffalo Charter School and Buffalo Creek Academy Charter School.

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