23 Allen St
Buffalo, NY 14202
Fairmount Apartments · Multifamily Property For Sale · 30 Units

23 Allen Street (N/E/C N. Pearl Street)Buffalo New York A brick and concrete mixed use building with 22 studio apartments, 6 one bedroom apartments and 2 storefronts in the Historic Allentown District with dense population, new restaurants and boutique retailers. A brick and concrete mixed use building with 22 studio apartments, 6 one bedroom apartments and 2 storefronts in the Historic Allentown District with dense population, new restaurants and boutique retailers. Features: • Top floor is unfinished and unoccupied (11 units). Estimated cost to finish is $75,000+/- • Four new Dunkirk high efficiency condensing gas hot water boilers create low gas bills • All apartments have A/C • All apartments were fitted with new appliances and kitchen cabinets. • All closets have been redone. • All bathrooms have new fixtures, toilets, sinks and exhaust fans • All new plumbing through out • All new electric and separate meters. • Hot water system has been updated with a new retaining tank. Additional Highlights for 23 Allen Street, Buffalo New York and the Immediate Area • Allen Street is in the process of being improved and widened commencing with this block. Improvements include: o Street widening o New streetscape o New utility lines and fiber optics o New streetlights and sidewalks o New trees o To be completed at a cost of $2 million per block ($6.5 million total) • Within walking distance of new $750 million Buffalo Niagara Medical Campus with over 17,000 employees and 6.5 million sq. ft. on 120 acres • Campus includes: o Roswell Park Cancer Institute o UB Jacobs School of Medicine and Biomedical Sciences ($325 million, 628,000 sq. ft.) o John R Oshei Children’s Hospital o Conventus Medical Building 300,000 sq. ft. o Gates Vascular Innovation Center of Buffalo • Allen Street Medical Campus Station of the Buffalo Metro Rail is 100 yards away • Adjacent new building is being constructed at 15 Allen Street which will enhance this block • Red Jacket Building at Main & Allen has been awarded $300,000 grant to improve vacant stores and add foot traffic to the area • 2nd floor apartments are under construction at 45 Allen Street at Franklin Street • Work is underway at 185 Allen Street with improved storefronts and 2 new apartments • 23 Allen Street would adapt itself well to low maintenance efficiency apartments for young professional or graduate students from the nearby medical campus or perhaps even an Air BNB