2700 Frst Rd Getzville, NY 14068-1527

Property Details for 2700 Frst Rd

Year built

1991

Lot size

68.90 lot acres

Property size

283,706 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

142289 41.03-1-1.111

APU

142289410311111

Description

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.

Location Insight

City

Getzville

County

Erie

State

New York

Longitude

-78.7894

Latitude

43.0152

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments