Property profile

2700 Frst Rd Getzville, NY 14068

OFF-MARKET
Assisted living facilities
Property ID
US63-3186268
283,706 SF 68.9 ac lot Built 1991
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1991
Total area 283,706 SF
Lot 68.9 ac (3,001,284 SF)
APN 142289 41.03-1-1.111
UPID US63-3186268

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Home Health Care Service
  • Retirement Community
  • Nursing Home
  • Nursing Home

Location

2700 Frst Rd Getzville, NY 14068-1527
Getzville metro Census 9112 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$2.67M

Owner & transaction history

since 2018
2 recorded transactions
2018
$10.3M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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