Log In/Sign Up
Your email has been sent.
Auden Buffalo 2915-2949 N Forest Rd 153 Unit Apartment Building $48,300,000 ($315,686/Unit) 5.98% Cap Rate Amherst, NY 14068
Investment Highlights
- Modern 2021-Built Property: 154-unit, 481-bed student housing asset built in 2021, spans 5.50 acres with sleek design and premium finishes
- Resort-Style Amenities: Boasting a 2,374 SF clubhouse with study pods and gaming, fitness center, resort-style pool, movie theater, hot tub & more
- Versatile Unit Mix: Offering studios, one-, two-, three-, and four-bedroom units; the property appeals to diverse student needs
- Supply-Constrained Campus Proximity: Located minutes from UB’s North Campus, the property thrives in a market with 32,000 students
Executive Summary
Global Real Estate Advisors (GREA) extends to well-qualified investors the unique opportunity to acquire the fee simple interest in Auden Buffalo. This property offers investors a premier opportunity to acquire a best-in-class student housing asset, built in 2021 and located just minutes from the University at Buffalo’s North Campus in Getzville, NY. With 154 units and 481 beds across studios, one-, two-, three-, and four-bedroom apartments, the property serves a wide student base, achieving an impressive 98% occupancy rate.
Constructed in 2021, Auden Buffalo requires no immediate capital investment, delivering strong in-place cash flow from day one. Its modern architecture and high-end finishes align with students’ preferences, ensuring consistent leasing strength in a competitive landscape.
The property’s resort-style amenities redefine student living: a 2,374-square foot clubhouse with foosball, pool tables, study pods, a fireplace, and an electronics bar; a state-of-the-art fitness center and yoga studio; a resort-style pool with lounge areas; a movie theater; hot tubs; BBQ grills; fire pits; and a complimentary shuttle to UB’s campus. High-speed internet, cable, and a pet-friendly policy further enhance tenant appeal. Situated near Getzville Plaza’s retail and dining, Auden Buffalo blends convenience with a vibrant student lifestyle.
With UB’s 32,000 students driving demand and no student housing projects in the pipeline, Auden Buffalo is positioned for sustained occupancy and rent growth. This high-barrier market, anchored by the University’s academic and economic stability, offers investors a rare chance to own a turnkey, high-performing asset.
Auden Buffalo delivers exceptional in-place performance and long-term stability in one of the Northeast’s most resilient student housing markets. It is a standout investment for those seeking a low-maintenance, premier property in a supply-constrained, student-centric location.
Constructed in 2021, Auden Buffalo requires no immediate capital investment, delivering strong in-place cash flow from day one. Its modern architecture and high-end finishes align with students’ preferences, ensuring consistent leasing strength in a competitive landscape.
The property’s resort-style amenities redefine student living: a 2,374-square foot clubhouse with foosball, pool tables, study pods, a fireplace, and an electronics bar; a state-of-the-art fitness center and yoga studio; a resort-style pool with lounge areas; a movie theater; hot tubs; BBQ grills; fire pits; and a complimentary shuttle to UB’s campus. High-speed internet, cable, and a pet-friendly policy further enhance tenant appeal. Situated near Getzville Plaza’s retail and dining, Auden Buffalo blends convenience with a vibrant student lifestyle.
With UB’s 32,000 students driving demand and no student housing projects in the pipeline, Auden Buffalo is positioned for sustained occupancy and rent growth. This high-barrier market, anchored by the University’s academic and economic stability, offers investors a rare chance to own a turnkey, high-performing asset.
Auden Buffalo delivers exceptional in-place performance and long-term stability in one of the Northeast’s most resilient student housing markets. It is a standout investment for those seeking a low-maintenance, premier property in a supply-constrained, student-centric location.
Property Facts Under Contract
| Price | $48,300,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $315,686 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Cap Rate | 5.98% | Building Size | 168,128 SF |
| No. Units | 153 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | ||
| Zoning | NCD-SA/GC | ||
| Price | $48,300,000 |
| Price Per Unit | $315,686 |
| Sale Type | Investment |
| Cap Rate | 5.98% |
| No. Units | 153 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.51 AC |
| Building Size | 168,128 SF |
| No. Stories | 4 |
| Year Built | 2021 |
| Zoning | NCD-SA/GC |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Property Manager on Site
- Furnished Units Available
- Roommate Matching
- Shuttle To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 35 | - | 340 |
| 1+1 | 3 | - | 459 |
| 2+1 | 4 | - | 649 |
| 2+2 | 4 | - | 762 |
| 3+2 | 4 | - | 835 |
| 3+3 | 1 | - | 918 |
| 4+2 | 43 | - | 990 - 1,209 |
| 4+3 | 7 | - | 1,140 - 1,162 |
| 4+4 | 52 | - | 1,190 - 1,320 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 142289-041-090-0001-001-000 | Improvements Assessment | $21,805,000 |
| Land Assessment | $1,660,000 | Total Assessment | $23,465,000 |
Property Taxes
Parcel Number
142289-041-090-0001-001-000
Land Assessment
$1,660,000
Improvements Assessment
$21,805,000
Total Assessment
$23,465,000
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
