BUFFALO, N.Y. (WBEN)......A nearly century-old Delaware Avenue apartment complex has landed new owners.
Investors YAVI Holdings Ltd. paid $1.6 million for the mixed-use complex that stretches between 2431 Delaware Avenue and 2435 Delaware Avenue.
The property had been owned by investors Greenlane Court LLC and FoxView LLC.
Constructed in 1930, the three-story building features street-level commercial space and 44 apartments on the upper two floors.
According to LoopNet, the apartments are 96% leased.
The deal is one of three major commercial deals that closed on Sept. 2 , according to filings in the Erie County Clerk's office.
The other two deals:
* Benderson Development's RB-3 Associates sold a single-tenant building at 1930 Niagara Falls Boulevard in the Town of Tonawanda to Methods Realty Corp., who paid $1.9 million for the bank branch.
KeyBank, the tenant, is remaining in the building under the terms of a long term lease.
* A 4,400-square-foot medical office-anchored building at 6035 Main Street in Amherst was acquired by Janic Properties Inc., who paid $750,000 for the property.
The building had been owned by Munroes Main Street LLC, according to county records.
Investors pay $1.6 million for North Buffalo apartment complex
Investors pay $1.6 million for North Buffalo apartment complex
