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Smaller is better when 📈 interest rates, ✊ financial restrictions, and 🫣 the economy. Always happy to chat with Jim Fink 92.9 WBUF FM

Read More: Changing Tide in Buffalo Real Estate Market |

Changing Tide in Buffalo Real Estate Market Smaller apartment buildings are hot, more so than larger complexes—thanks to higher interest rates, tighter financial restrictions, and concerns about the economy.

A data analysis from Cred IQ shows "multifamily properties in the Buffalo-Niagara Falls, NY MSA performed with the highest operating leverage, equal to 50%" compared to other MSA

“This shows that even in this economic environment, people have money to place and invest for the right deal."

Lincoln Avenue Capital LLC pays $41 million for Amherst apartments - Buffalo Business First Property purchase and renovations to total $77 million.

Canadian investors realize the multifamily opportunities the WNY area has to offer and we are happy to direct them to the deals.
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Huth Townhomes, Corey Square Apartments sold to Canadian investors. - Buffalo Business First Both properties were owned by Concord Huth L.P., an investment group whose lead principal, Ben Friedland, is an executive vice president with Gold Wynn USA Properties LLC.

Buffalo is a strong market for investment property. Don't miss out.
https://www.bizjournals.com/buffalo/news/2022/07/21/buffalo-niagara-apartment-rental-rates.html

Developers, landlords keeping an eye on rising apartment rents - Buffalo Business First The average rent for apartments in Western New York has risen nearly 21% since 2018.

Looks like a Wynn-win to us👍

Gold Wynn sells W. Huron St. apartment building for $1.1M - Buffalo Business First The building was constructed in 1880 as the 20-room Lake Hotel. Shortly after the Pan-American Exposition, it was turned into apartments.

WNY is still going strong. More satisfied buyers

Dominic Cortese sells Cheektowaga and West Seneca properties to Concord & Huth Associates - Buffalo Business First Canadian investors make big local CRE buy.

Check out this new listing! Shout out to for the super cool matterport video. Contact or Dennis Greco for more information.

Explore 528 Richmond Ave in 3D Matterport 3D Showcase.

Retention is rising ↗️

US rental market hits another record-low vacancy as apartment renewals increase - The Business Journals A recent report found more than 57% of tenants in market-rate units with an expiring lease chose to renew in the past year, compared to an average apartment retention of 51.5% between 2010 and 2019.

Are you prepared to replace your aging gas boiler with a more energy efficient unit? Now is the time to start thinking about that.

Energy road map calls for sweeping changes for WNY homeowners Big changes are looming for how WNY residents heat their homes and operate their appliances. A new statewide energy plan being debated would gradually phase out the use of natural

Is the possibility of “good cause” legislation giving your buyers cold feet?

New York state tenant protections making rentals less appealing to landlords, property managers say - Albany Business Review "The specter of that coming ["good cause" statewide] is having a real effect on the market," said Ryan Vienneau of Veno Properties. "It's almost as if it already passed. That's affecting buying decisions."

A starter house doesn’t have to be a SFH. Buy a double and start building equity. We can help you get creative💡Lack of inventory, rising interest rates wreak havoc with first-time home buyers - Buffalo Business First

Lack of inventory, rising interest rates wreak havoc with first-time home buyers - Buffalo Business First The real estate perfect storm has taken many first-time buyers — and those on limited budgets — right out of the local market.