New Era for ‘2nd Tier’ cities

One result of the boom in our tier one cities is that they’ve quickly become victims of their own success. From New York to San Francsico, to London, the dream for many young people compared to their reality of living in such cities has become exactly that – nothing more that a distant dream. Want to buy or rent a one bedroom flat in central London? Earning less than $100,000 a year? Forget about...

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Forbes cites Buffalo as Most Affordable City in USA – But what Does it Mean for Landlords?

An interesting article appeared in ‘Forbes’ this week citing Buffalo as the most affordable city in the USA. But what does this mean for real estate investors? Many people ask me – if you can buy a house for $35,000, why do the tenants rent not buy? There are multiple reasons for this, but none as far as i can see, about to change for the worse. Many tenants either have a bad...

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Looking back – 2013 in Buffalo NY property market

2013 has been quite a year for Buffalo, and will be a difficult act to follow. However, I think most locals will agree it was a transformational year, most certainly in terms of a sea-change in attitudes. Relentless good news seems to have beat even the most negative Buffalonian down, finding a new, justly deserved pride in the city. A number of large new projects breaking ground downtown and in...

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House For Sale: 91 Fisher St, Buffalo, NY

91 Fisher St, Buffalo, NY Great long term tenants!  Rented $725.00 monthly Gross Yield 26.7%, Net Yield 17% County tax $18.38 1491 Sq. ft. City tax $67.29 Lot size: 30×111 User fee (trash) $18.47 Assessed Value $41,100. Insurance (approx) $40.00 Rented $725.00 Water (approx) $60.00 Sale Price $32,500. Property Management $60.00   CONTACT US: Telephone: +44 20 7193 2079 E-mail: info@a...

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Property For Sale: 66 Suffolk St., Buffalo NY

66 Suffolk St., Buffalo NY Price $36,000 Gross Yield 25% Attractive 3 bedroom Family home with garage in a great location. Single Family Home County tax $23.66 1656 Sq. ft. City tax $86.61 Lot size: 49×110 Water $45.00 approx. 3 Bedrooms Insurance $35.00 approx. 1.5 baths Net Income $545.55 Eat in kitchen Gross ROI 18.18% Full basement Property Management in place RENTED $750.00 MONTHLY. Assessed...

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Buffalo leads the nation in real estate appreciation

Research firm Clear Capital reveals in the January 2014 issue of Kiplinger’s Personal Finance magazine that Buffalo prices are up 16% since May 31, 2006 – highest among the 100 largest metro areas in the US. The median sales price in Allentown rose 43 percent from six years ago. Over the same six years, prices rose 31 percent in North Buffalo and 15 percent in the Delaware District. Read...

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New Clean Energy Research Campus for Buffalo Creates 850 Jobs

Governor Andrew M. Cuomo has announced the creation of a clean-energy research campus on 90 acres of land along the Buffalo River that will include two tenants investing $750 million apiece to create a total of 850 jobs. The initiative will be dubbed Buffalo High-Tech Manufacturing Innovation Hub @ RiverBend, reports The Buffalo News. The announcement that Buffalo will open a green energy research...

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