1416 Main Street Buffalo NY 14209 | B1474358

Fantastic Investment opportunity with great income potential. These 10 units consists of 9 residential and 1 Store front that has been completely renovated in 1995 as the first completely ADA Compliant Building in the City of Buffalo. The apartments all have handicap showers, 36″ doors, wheelchair accessible kitchen cabinets and sinks. The building itself has elevator, access ramps and no step entries. This fully sprinklered building is being offered up for sale with no restrictions to type of tenants. This buildings addition and majority of Sqft was added on in 1995 with block construction and covered parking. The front was the original Engine 16 fire station with historic designation (see attached docs). Building is well maintained with updated mechanics, contracted servicers and regular maintenance. There is 7 (1)bedrooms, 2 (2)bedrooms and 1 commercial storefront. Appliances included in each apartment along with 2 sets of coined washers and dryers. Building has common area 2nd floor lounge, Mailbox area and rear outside green space. Plenty of potential with new rental concept.

Property Details

Price:
$900,000
MLS #:
B1474358
Status:
Active
Beds:
0
Baths:
0
Address:
1416 Main Street
Type:
Commercial
City:
Buffalo
Listed Date:
Jun 1, 2023
State:
NY
Finished Sq Ft:
15,832
ZIP:
14209
Subdivision:
Downtown
Lot Size:
12,200 sqft / 0.28 acres (approx)
Year Built:
1995

Schools

School District:
Buffalo

Interior

Cooling
Separate Meters
Flooring
Carpet, Linoleum, Vinyl
Heating
Gas, Separate Meters, Forced Air

Exterior

Construction Materials
Brick, Block, Masonry
Parking Features
On Site, Parking Lot
Roof
Flat

Financial

Buyer Agent Compensation
3%
Net Operating Income
$12,785
Taxes
$18,237

Map

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