Investor buys two Buffalo apartment buildings with 12 units
A real estate investor who just sold a six-unit Elmwood Village apartment building has now turned around and acquired two multifamily properties from a different group for $930,000 in all – one on the West Side and one near Soldiers Circle.
Daniel T. Boland of Buffalo, through Marquee Residential, paid $540,000 to buy 439 W. Ferry St. and another $390,000 for 115 Claremont Ave. The sellers were two limited liability companies controlled by Wayne Eisenbaum and John Phillips.
Constructed in 1910, the three-story West Ferry building has 6,624 square feet and six apartments. It last sold in March 2016 for $315,000.
The Claremont building, with 4,316 square feet, is a two-story structure with six apartments, dating to 1900. It last sold in November 2004 for $174,000.
The apartment building at 115 Claremont. (Google)
Story topics: apartments/ buffalo/ investors/ jonathan d. epstein/ multifamily/ real estate
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