Updated
For Sale
$209,900
271 Roslyn Street, Buffalo, NY 14215
Recent interior and mechanical improvements include renovated bathrooms, new flooring, a furnace, and a hot water tank.
Property Size1,779 SF
Days on Market11
Property Features for 271 Roslyn Street
General Information
Standard status
Active
Size
1,779 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Schiller Park
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,640
Building Details
Building Size
1,779 SF
Year Built
1937
Buildings
1
Stories
2
Listing Agency:
HUNT Real Estate ERA
Listed By:
Md Nazmul Hussain · License #10401369637
(347) 968-4231
Source:
Highfallssir
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 28 at 4:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HUNT Real Estate ERA
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex, built in 1937, has undergone interior and system updates. Improvements include fresh paint, new flooring, remodeled bathrooms, updated electrical, a replacement furnace, and a new hot water tank. Appliances are included with the property.
Shopping, restaurants, schools, and public transportation are nearby, along with other everyday services.
Shopping, restaurants, schools, and public transportation are nearby, along with other everyday services.
Key Highlights
- Duplex built in 1937
- Remodeled bathrooms and new flooring
- New furnace and hot water tank
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,652
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,040
$353.0K
Cap Rate 7%
$252,171
$252.2K
Cap Rate 9%
$196,133
$196.1K
Market Conditions
NOI Build-Up for 1,779 SF
Gross rent
$26.7K $15.00/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$25.2K $14.17/SF
− OpEx
−$7.6K −$4.25/SF
NOI
$17.7K $9.92/SF
Area
Buffalo, NY
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,040
Cap Rate 7%
$252,171
Cap Rate 9%
$196,133
Alternative Uses
Best Use
Multifamily LT 5
$252.2K
$220.7K – $294.2K
NOI $17,652 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$232.3K
$203.2K – $271.0K
NOI $16,259 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$427.8K
$374.3K – $499.1K
NOI $29,947 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Recent interior and mechanical improvements include renovated bathrooms, new flooring, a furnace, and a hot water tank.
Where is this duplex located?
The property is located at 271 Roslyn Street Buffalo, NY.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Duplex built in 1937; Remodeled bathrooms and new flooring; New furnace and hot water tank
