Listed by Network One Realty
$6,000,000
BROS RE STUDENT HOUSING PACKAGE
Details
APN 079-460-0001-011-100
Property Type Multifamily
Sub Type Student Housing
Square Footage 40,017
Net Rentable (SqFt) 34,014
Units 41
Beds 166
Cap Rate 9.25%
NOI $554,902
Occupancy 98%
Pro-Forma Cap Rate 11.92%
Pro-Forma NOI $715,414
Price per SqFt $150
Broker Co-Op Yes
Class C
Year Built 1915
Year Renovated 2000
Buildings 23
Stories 2
Investment Type Stabilized
Occupancy Date 10/22/2025
Ownership FEE SIMPLE
Multifamily | 41 Units | $146,341/unit
Marketing description
THE BROS RE PORTFOLIO OF STUDENTHOUSINGIS A UNIQUE AND PROFITABLE 23 BUILDING PORTFOLIO LOCATED IN THENUNIVERSITYNHEHTSDISTRICT OF BUFFALONEW YORK
ALL BUILDINGS WITHINWALKING DISTANCETOSUNYBUFFALO MIAN ST. CAMPUS.
EXCEPTION RENTS, PERBUILDING
ALL BUILDISN ON A SINGLE 12ONTHLEASE.
UTITLTIES ARENINCLUDEDNIN THE RENTS
2025 IN PLACE NOI WILL EXCEED 13%
NO PRIVATE FINANCING AVIALBE
LONG TIME OWNER OFFERING AN EXCEPTION OPPOTNITYTOMOWN INDIVDUAL PROPETIES IN AN EXCALATING VALUE ADD NEIGHBORHOOD.
ONGOING CAP EX.
POSSIBLE RETENTION OF CURRENT STAFF
Listing Contacts
Listed by Network One Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$554,902.00
$46,241.83/mo
Valuation Metrics
0
DSCR
9.25%
Cap Rate
9.25%
ROI
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