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  • Overview

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Buy a multi-family propertyat 58 Park Street, Buffalo, NY 14201

$850,000

$0/mo

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Residential

4,799 Sq. Ft.

4,590 Sq. Ft. lot

6 Bedrooms

4 Bathrooms

297 Days on market

B1482079 MLS ID

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About 58 Park Street multi-family property

58 Park is located in Buffalo’s most diverse, eccentric, and walkable neighborhoods, (Josh) Allen-town. Located less than 1 mile from downtown Buffalo, 5 blocks to Buffalo Niagara Medical Corridor, and in the heart of the most vibrant entertainment district in the entire City of Buffalo. In 2018 the entire property was completely renovated from the roof, down to the basement, including every mechanical/plumbing/electrical system. There are (2) 2-bedroom units, and (2) 1-bedroom units and each dwelling has its own gas, electric, hot water, heat, air conditioning, and parking. The apartments feature tall ceilings, recessed lighting, stone countertops, hardwood floors, new solid wood windows, and patio/deck or balcony space. This property is one of the first AirBnB’s in the City of Buffalo with 4 years of track record, 50% 5 star reviews and a 4.5 star overall rating w/ over 750 reviews. Gross Income 2019: $86,367.71, 2020: $65,130.70 (owner lived in one unit), 2021: $96,047.01, 2022: $97,722.47, Year-To-Date (booked earnings): $68,271.00. All FF&E convey with the sale, enjoy the upside in revenue with more attention to detail and more listing platform exposure as a short term rental.
58 Park is located in Buffalo’s most diverse, eccentric, and walkable neighborhoods, (Josh) Allen-town. Located less than 1 mile from downtown Buffalo, 5 blocks to Buffalo Niagara Medical Corridor, and in the heart of the most vibrant entertainment district in the entire City of Buffalo. In 2018 the entire property was completely renovated from the roof, down to the basement, including every mechanical/plumbing/electrical system. There are (2) 2-bedroom units, and (2) 1-bedroom units and each dwelling has its own gas, electric, hot water, heat, air conditioning, and parking. The apartments feature tall ceilings, recessed lighting, stone countertops, hardwood floors, new solid wood windows, and patio/deck or balcony space. This property is one of the first AirBnB’s in the City of Buffalo with 4 years of track record, 50% 5 star reviews and a 4.5 star overall rating w/ over 750 reviews. Gross Income 2019: $86,367.71, 2020: $65,130.70 (owner lived in one unit), 2021: $96,047.01, 2022: $97,722.47, Year-To-Date (booked earnings): $68,271.00. All FF&E convey with the sale, enjoy the upside in revenue with more attention to detail and more listing platform exposure as a short term rental.

Property details

Property Access

City Street

Appliances and Equipment

Gas Water Heater

Basement

Full

Bathrooms

4 full bathrooms

4 total bathrooms

Bedrooms

6 total bedrooms

House

2 total stories

Built in 1900

Stories: 2

4,799 sqft living area

4799 total building sqft

Fourplex

Brick

Copper Plumbing

PEX Plumbing

Two

Balcony

Community

4 units in community

Cooling

Central Air

Expenses

See Remarks

Exterior Features

Balcony

Floors

Carpet

Hardwood

Tile

Varies

Foundation

Stone

Heating

Gas

Forced Air

Income

Net Operating Income: -11841

Interior Features

Natural Woodwork

Laundry

Common Area

Listing

Property Subtype: Multi Family

First day on market

Listed on 2023-07-04

Location

County: Erie

Lot

4590 sqft

0.1054 acres

Area: 0.1054

Dimensions: 38X120

Residential Lot

Parking

Concrete

Possession

Closing

Property

4 units

Resale

Roof

Asphalt

Schools

Elementary School District: Buffalo

Middle School District: Buffalo

High School District: Buffalo

Sewer

Connected

Taxes

Annual Amount: $11,841

Utilities

Circuit Breakers

5 separate electric meters

4 separate gas meters

Sewer Connected

Water Connected

Monthly cost

Estimated monthly cost

$6,097/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$799,000

+$25,500

$824,500

Seller agent commission$25,500 (3%)*

$0 (0%)

Buyer agent commission$25,500 (3%)*

$25,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $25,500 more selling your home
with an Unreal Estate agent

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State

  • Land in New York

Unreal Estate checked: Apr 27, 2024 at 7:48 a.m.

Data updated: Jul 5, 2023 at 4:15 p.m.

Courtesy of Keller Williams Realty WNY.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information © 2024 New York State Alliance. All Rights Reserved.

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