2700 Frst Rd, Getzville, NY 14068-1527
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.
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JEFFERY TODD FACER Physician
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Menorah Campus Inc Home Health Care Service
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Weinberg Campus Retirement Community
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Rosa Coplon Living Center Nursing Home
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Rosa Coplon Long Term Home Nursing Home
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.