Corner Multifamily
597 Elmwood Ave Buffalo, NY 14222
597 Elmwood Ave, Buffalo, NY, 14222
Contact for pricing
For Sale
Contact for pricing
Pending
Three-story brick 49-unit building with ground-floor commercial space, currently vacant and requiring full rehabilitation.
Property Size37,886 SF
Days on Market357
Property Features for 597 Elmwood Ave
General Information
- Standard status
- Pending
- Size
- 37,886 SF
- Property subtype
- Multifamily
Listing agency
716 Realty Group
(716) 266-6691
Listed by
Gregory Straus · License #NY 10491211091
Source
Crexi
Added: Aug 1, 2025 Updated: Jul 22 at 12:42AM Checked: Jul 22 at 6:18PM
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 716 Realty Group
Investment Insights
Based on property information with market context.
This property is a three-story brick multifamily building with 49 apartments and a ground-floor commercial space. The current unit mix includes 32 one-bedroom apartments, 15 studios, and 1 two-bedroom unit. The building has been vacant and condemned by the City of Buffalo for the past two years, and it will require full rehabilitation throughout.
The rehabilitation scope is expected to include structural, mechanical, and electrical work, along with interior renovations. Some units may need to be completely gutted, while select original features such as decorative fireplaces, hardwood flooring, and detailed woodwork may remain.
Major building systems referenced in the remarks—roof, boiler, fire escapes, windows, and electrical panels—are described as due for full modernization. The property is bank owned, and proof of funds and a signed hold harmless agreement are required prior to showings.
The rehabilitation scope is expected to include structural, mechanical, and electrical work, along with interior renovations. Some units may need to be completely gutted, while select original features such as decorative fireplaces, hardwood flooring, and detailed woodwork may remain.
Major building systems referenced in the remarks—roof, boiler, fire escapes, windows, and electrical panels—are described as due for full modernization. The property is bank owned, and proof of funds and a signed hold harmless agreement are required prior to showings.
Key Highlights
- Iconic 3‑story brick 49‑unit apartment building with ground‑floor commercial space at the corner of Elmwood and Lexington
- Over 27,000 SF of historic architecture in Elmwood Village
- Unit mix: 32 one‑bedroom apartments, 15 studios, and 1 two‑bedroom unit
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Three-story brick 49-unit building with ground-floor commercial space, currently vacant and requiring full rehabilitation.
Where is this apartment building located?
The property is located at 597 Elmwood Ave Buffalo, NY.
What are key features of this property?
This property features: Iconic 3‑story brick 49‑unit apartment building with ground‑floor commercial space at the corner of Elmwood and Lexington; Over 27,000 SF of historic architecture in Elmwood Village; Unit mix: 32 one‑bedroom apartments, 15 studios, and 1 two‑bedroom unit
