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1031 Lovejoy Street, Buffalo

Address: 1031 Lovejoy Street, Buffalo Type: Single family home This good sized single family home in good condition is in a decent working area of family homes. CONTACT US Tel: +44 20 7193 2079 E-mail: info at abbotsinchcapital.co.uk

158 Ideal Street, Buffalo

Address: 158 Ideal Street, Buffalo NY Type: Single Family Home Size: 1,360sq ft 4 bedrooms 1 bathroom Sale Price: $30,250 City Assessed Value: $41,900 Gross Monthly Rent: $675 Gross Yield: 27% Freshly painted and carpeted single family home in desirable rental area. Legals - $800 Vendor Financing - 5 year loan of 30% @ 10% interest - $9075 loan, with monthly repayments of $227 ($151 amortisation...

373 Grider Street, Buffalo

Address: 373 Grider Street, Buffalo Property Type: Single Family ‘Section 8’ Sale Price: $29,700 Gross Yield: 24% This single family home has long term section 8 tenants and is in good condition. It is located across from one of the main city hospitals. Legals - $800 Vendor Financing - 5 year loan of 30% @ 10% interest - $8910 loan, with monthly repayments of $223 ($149 amortisation and $74...

27 Heward Avenue, Buffalo, NY

Address: 27 Heward Avenue, Buffalo, NY Type: Large single family home Sale Price: $32,000 City Assessed Value: $49,000 Rent: $650 This large 5 bed 2 bath house has a longstanding tenant (an employee of the letting management company as is current rented for slightly below market value. A change of owner could ensure a small rise in rent. The house is in a relatively good area, Riverside. CONTACT...

Decision Time for HSBC

HSBC Bank USA NA, the largest bank in Buffalo, expects to decide “in the next few months” whether it will renew its lease at the city’s tallest office building or move elsewhere. HSBC spokesperson Neil Brazil said Friday that the bank, which employs 2,227 workers at the downtown One HSBC Center, initiated a review of its future real estate requirements in Buffalo earlier this year. The bank has...

One Bid Received For Buffalo’s Olympic Towers

At least one bid has been received for downtown Buffalo’s Olympic Towers, reports Buffalo Business First. By 3 p.m. on Wednesday, just one bid for $1.25 million was submitted for the Pearl Street landmark, in an online auction. Bids are due by 3 p.m., Thursday, May 20. Read more: $1.25M offered for Olympic Towers - Business First of Buffalo

Housing Market Busy in April

Many rushed to sign on the dotted line last month, as homebuyers in the Buffalo Niagara region scrambled to take advantage of federal tax credits on home purchases before they expired, reports Buffalo News Business Today. Pending home sales jumped to their highest level in at least 11 years as buyers rushed to sign contracts before the April 30 deadline for federal tax credits of as much as $8,000. The...

Sale of Excellus Building Falls Through

A Houston company’s plan to buy the former downtown Syracuse home of Excellus Blue Cross Blue Shield has fallen through, a city official said today. Davico Realty Group, of Houston, apparently backed away from the acquisition after determining that its intended anchor tenant for the 200,000-square-foot building “was not a viable tenant,” said Ben Walsh, deputy commissioner of the Syracuse Office...

US Foreclosures Fell in April

Foreclosures in the US fell by more than 2 percent in April from a year earlier, the first year-over-year decline in the five years RealtyTrac has been reporting the data. The number of Americans receiving foreclosure notices was down 2.4 percent in April from a year before and 9 percent lower than March 2010. Experts say the foreclosure situation is slowing, and may have hit a plateau. Read...

Paulson: House Prices Will Rise 3-5% This Year

Hedge-fund manager John Paulson, who made $15b shorting the real estate market, said today that he expects housing prices to rise between 3 and 5 percent this year and another 8 to 12 percent in 2011. Read more: CNBC
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