Property summary
This exceptional 52-unit multifamily property, located at 2700 N Forest Rd, Buffalo, NY 14228, presents a compelling investment opportunity. Built in 1993 and renovated in 2010, this Class B building boasts 49,591 square feet, offering spacious one- and two-bedroom apartments. Each unit features large closets and either a full kitchen or an efficiency kitchenette, along with washer/dryer hookups. All utilities are included, and cable TV and telephone service are available. The property is currently configured for senior living, but its adaptable design makes it suitable for continued use as senior housing or conversion to studios, apartments, or student housing. Residents enjoy individually controlled heating and air conditioning, 24-hour security, weekly housekeeping, and convenient on-site laundry facilities. A significant advantage is the inclusion of restaurant-style dining with chef-prepared meals, incorporating resident input on menu selections. A robust activities program and access to campus amenities, including a gift shop, deli, banking services, salon, and game room, enhance the living experience. The property also features a backup generator for reliable power. This corporate-owned asset is priced at $4,465,000, representing $90.04 per square foot and $85,865.38 per unit. The property's location in Erie County, New York, offers strong potential for various uses and a solid return on investment.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Home Health Care Service
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Retirement Community
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Nursing Home
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Nursing Home
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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