--- title: 58 Park Street image: https://api.giambrateam.com/hubfs/crm-properties-file-values/1-May-05-2025-04-51-35-8959-PM.jpeg --- [Skip to content](https://api.giambrateam.com/listings/427267468917#main-content) [![TGT logos](https://api.giambrateam.com/hs-fs/hubfs/TGT%20logos.png?width=571&height=64&name=TGT%20logos.png) ![logo_mobile](https://api.giambrateam.com/hs-fs/hubfs/logo_mobile.png?width=133&height=64&name=logo_mobile.png) ](https://giambrateam.com/) - [Listings](https://giambrateam.com/listings) - [About Us](https://giambrateam.com/about-us) - [Fair Housing Notice](https://dos.ny.gov/system/files/documents/2025/03/nys-housing-and-anti-discrimination-notice_02.2025.pdf) [![Vector (3)](https://api.giambrateam.com/hubfs/Vector%20(3).svg) ](https://dos.ny.gov/system/files/documents/2025/03/nys-housing-and-anti-discrimination-notice_02.2025.pdf) Open main navigation Close main navigation - [Listings](https://giambrateam.com/listings) - [About Us](https://giambrateam.com/about-us) - [Fair Housing Notice](https://dos.ny.gov/system/files/documents/2025/03/nys-housing-and-anti-discrimination-notice_02.2025.pdf) - [ Contact us ](https://api.giambrateam.com/contact/us) [ Contact us ](https://api.giambrateam.com/contact/us) # Explore the Best PROPERTIES on the Market! Browse the latest listings in NY and find the perfect home for you. Whether you're looking to buy or sell for the best price, we’re here to guide you through every step. Start your search today! [ Need help buying? ](https://giambrateam.com/for-buyers) [ Need help selling? ](https://giambrateam.com/for-sellers) Closed ![Closed](https://api.giambrateam.com/hubfs/SealCheck%20(1).svg) Multi-Family 2-4 Units # 58 Park Street , Buffalo, NY 14201 View gallery Closed ![Closed](https://api.giambrateam.com/hubfs/SealCheck%20(1).svg) Multi-Family 2-4 Units # 58 Park Street, Buffalo, NY 14201 ### 4799 sq ft ### 4 units ### 4 gas meters ### 5 electric meters ### 4 hot water tanks ### 4 heating units ### 4 cooling units Unit 1 ### Vacant status ### 2 beds ### 1 baths Unit 2 ### Vacant status ### 2 beds ### 1 baths Unit 3 ### Vacant status ### 1 beds ### 1 baths Unit 4 ### Vacant status ### 1 beds ### 1 baths Unit 1 ### Vacant status ### 2 beds ### 1 baths Unit 2 ### Vacant status ### 2 beds ### 1 baths Unit 3 ### Vacant status ### 1 beds ### 1 baths Unit 4 ### Vacant status ### 1 beds ### 1 baths # Premium 4-Unit Allentown Investment Opportunity **EXCEPTIONAL TURNKEY SHORT-TERM RENTAL INVESTMENT WITH PROVEN INCOME HISTORY** Rare opportunity to acquire a fully renovated and furnished 4-unit property in Buffalo's historic Allentown district. This premium investment at 58 Park Street offers immediate cash flow and has track-record as a profitable short-term rental operation generating $90,000+ annually. ## Investment Highlights - **Proven Income History**: Documented AirBnB revenues of $97,722 (2022), $94,597 (2023), and $100,029 (2024) - **As a Monthly Rental Earn a Strong 8.73% Cap Rate**: Exceptional return for the neighborhood, property type, & property condition - **Fully Furnished 4-Unit Building**: All units come completely furnished and ready for continued rental operation - **Comprehensive Renovation**: Entire building renovated 7 years ago with city approval - all systems replaced - **Separate Utilities**: Individual electric, gas, heat, and air-conditioning services for all units - **Off-Street Parking**: Valuable concrete and gravel parking area with 5 dedicated spots ## Property Specifications - **Building Size**: 4,799 square feet on a 38.25' x 120' lot (0.1 acres) - **Construction**: Brick exterior with full basement - **Roof**: 7 years old (replaced during renovation) - **Unit Mix**: - Unit 1: 2 bed/1 bath - Unit 2: 2 bed/1 bath - Unit 3: 1 bed/1 bath - Unit 4: 1 bed/1 bath - **Mechanical Systems**: All units feature: - Forced air heating and central air conditioning (7 years old) - Gas hot water tanks (7 years old) - Modern and separate circuit breaker electrical service - New plumbing with copper/PEX supply lines and steel/PVC waste lines ## Financial Performance - **Potential Gross Income**: $94,200 annually at market rate for monthly furnished rentals - **Net Operating Income**: $56,775.94 after ALL expenses - **Included in Expense Calculations**: - 5% vacancy and collection loss - 10% property management - 5% maintenance and repairs - **Asking Price**: $650,000 - **Capitalization Rate**: 8.73% ## Prime Allentown Location Located in one of Buffalo's most desirable and historic neighborhoods: - **Extremely Walkable**: Pedestrian-friendly area with high Walk Score - **Historic District**: Renowned for its architectural charm and character - **Buffalo Niagara Medical Corridor**: Just blocks from: - Roswell Park Cancer Institute - Buffalo General Hospital - Oishei Children's Hospital - Kaleida Health Offices - Buffalo Hearing and Speech Center - UB's Jacobs School of Medicine and Biomedical Sciences - Center of Excellence Bioinformatics Life Sciences - BNMC Innovation Center - **Prime Positioning**: Minutes to Downtown Buffalo and walking distance to Elmwood Village - **Cultural Hub**: Surrounded by notable restaurants, bars, and entertainment venues ## The Giambra Team Advantage The Giambra Team specializes in premium investment properties and can provide comprehensive guidance on maximizing your returns. Our expertise extends beyond the transaction to support your investment strategy, whether you choose to continue the profitable short-term rental operation or explore other options. **This is a rare opportunity to acquire a high-performing, fully renovated and furnished multi-unit investment in one of Buffalo's most coveted neighborhoods. Call today to schedule a private showing.** ## $650,000 Submit offer Open house dates May 10, 2025 | 1:00 PM - 3:00 PM Check-in ![Nicholas Giambra](https://api.giambrateam.com/hubfs/nick_headshot_avatar_1x.webp) ## Nicholas Giambra Associate Real Estate Broker [ nicholas@giambrateam.com ](mailto:nicholas@giambrateam.com) [ (716) 239-6432‬ ](tel:(716)%20239-6432‬) Contact listing agent ### Submit offer 20% ![](https://api.giambrateam.com/hubfs/crm-properties-file-values/1-May-05-2025-04-51-35-8959-PM.jpeg) ## 58 Park Street, Buffalo, NY 14201 Closed ![Closed](https://api.giambrateam.com/hubfs/SealCheck%20(1).svg) Multi-Family 2-4 Units $650,000 ### Are you a registered real estate agent? Yes, I am an agent No, I am a buyer ### Submit offer 30% ![](https://api.giambrateam.com/hubfs/crm-properties-file-values/1-May-05-2025-04-51-35-8959-PM.jpeg) ## 58 Park Street, Buffalo, NY 14201 Closed ![Closed](https://api.giambrateam.com/hubfs/SealCheck%20(1).svg) Multi-Family 2-4 Units $650,000 ### Your information* First name* Last name* Email* Phone number* Licence number Continue to offer information ### Submit offer 50% ![](https://api.giambrateam.com/hubfs/crm-properties-file-values/1-May-05-2025-04-51-35-8959-PM.jpeg) ## 58 Park Street, Buffalo, NY 14201 Closed ![Closed](https://api.giambrateam.com/hubfs/SealCheck%20(1).svg) Multi-Family 2-4 Units $650,000 ### Offer information* Purchase price* Seller’s concessions Deposit amount ### Does your offer have an escalation clause? Yes No Amount above highest offer Total offer not to exceed ### Financing Type of financing Conventional FHA VA Cash Seller Financing Other Lender Loan term (years) Loan amount not to exceed Interest rate not to exceed Mortgage commitment date Closing date Continue to terms and contingencies ### Submit offer 70% ![](https://api.giambrateam.com/hubfs/crm-properties-file-values/1-May-05-2025-04-51-35-8959-PM.jpeg) ## 58 Park Street, Buffalo, NY 14201 Closed ![Closed](https://api.giambrateam.com/hubfs/SealCheck%20(1).svg) Multi-Family 2-4 Units $650,000 ### Offer supporting documents #### Is inspection required? Yes No How many days are needed for inspection? #### Is this offer contingent upon the sale of other real estate? Yes No Contingent property address #### Is this offer contingent upon closing of an already sold property? Yes No Contingent property address #### Are appliances required? Yes No What appliances are required? #### Is the Seller to pay a portion of the Buyer's Agent's compensation? Yes No How much? (In percent or dollars) Continue to attachments and comments ### Submit offer 70% ![](https://api.giambrateam.com/hubfs/crm-properties-file-values/1-May-05-2025-04-51-35-8959-PM.jpeg) ## 58 Park Street, Buffalo, NY 14201 Closed ![Closed](https://api.giambrateam.com/hubfs/SealCheck%20(1).svg) Multi-Family 2-4 Units $650,000 ### Terms and Contingencies Click here top browse or drag the file here Accepts PDF, DOC, XLS, CSV, JPEG, PNG ### Additional terms and comments Previous step Submit offer ### Submit offer 100% # Your offer is sent! We will get back to you as soon as we can, thank you for your interest! Back to listing ### Submit offer 50% ![](https://api.giambrateam.com/hubfs/crm-properties-file-values/1-May-05-2025-04-51-35-8959-PM.jpeg) ## 58 Park Street, Buffalo, NY 14201 Closed ![Closed](https://api.giambrateam.com/hubfs/SealCheck%20(1).svg) Multi-Family 2-4 Units $650,000 ### Your information* First name* Last name* Email* Phone number* Continue to offer information ### Submit offer 80% ![](https://api.giambrateam.com/hubfs/crm-properties-file-values/1-May-05-2025-04-51-35-8959-PM.jpeg) ## 58 Park Street, Buffalo, NY 14201 Closed ![Closed](https://api.giambrateam.com/hubfs/SealCheck%20(1).svg) Multi-Family 2-4 Units $650,000 ### Offer information* Purchase price* Type of financing Conventional FHA VA Cash Seller Financing Other Loan down payment #### Is inspection required? Yes No How many days are needed for inspection? ### Additional terms and comments ### Upload supporting documents Click here top browse or drag the file here Accepts PDF, DOC, XLS, CSV, JPEG, PNG Previous step Submit offer ### Submit offer 100% # Your offer is sent! We will get back to you as soon as we can, thank you for your interest! Back to listing   ![](https://api.giambrateam.com/hubfs/crm-properties-file-values/1-May-05-2025-04-51-35-8959-PM.jpeg) ## 58 Park Street, Buffalo, NY 14201 Closed ![Closed](https://api.giambrateam.com/hubfs/SealCheck%20(1).svg) Multi-Family 2-4 Units $650,000 ### Are you an agent representing a buyer?* Yes No ### Your information* First name* Last name* Email address* Phone number* ### Select date and time* Showing date* Start time* Select time ### Note to the listing agent Send showing request # Showing request is sent! We will get back to you as soon as we can, thank you for your interest! Back to listing # Showing request is sent! We will get back to you as soon as we can, thank you for your interest! Back to listing ![](https://api.giambrateam.com/hubfs/crm-properties-file-values/1-May-05-2025-04-51-35-8959-PM.jpeg) ## 58 Park Street, Buffalo, NY 14201 Asking price ## $650,000 View full details Open house May 10, 2025 | 1:00 PM - 3:00 PM   ![Julie Emerson](https://api.giambrateam.com/hubfs/julie_headshot_avatar_1x.webp) ## Julie Emerson Real Estate Salesperson [ julie@giambrateam.com ](mailto:julie@giambrateam.com) [ (928) 503-1117‬ ](tel:(928)%20503-1117‬) ![](https://api.giambrateam.com/hubfs/crm-properties-file-values/1-May-05-2025-04-51-35-8959-PM.jpeg) ## 58 Park Street, Buffalo, NY 14201 Asking price ## $650,000 View full details Open house # Завантаження файлів для офера Виберіть файли: Завантажити файли Завантаження... ### Успішно завантажені файли: ![TGT_LOGO_LIGHT_DUOTONE](https://api.giambrateam.com/hubfs/TGT_LOGO_LIGHT_DUOTONE.svg) 5500 Main St #108, Buffalo, NY 14221, United States +1 716-860-5172 [ info@giambrateam.com ](mailto:info@giambrateam.com) [ Listings ](https://giambrateam.com/listings) [ About Us ](https://giambrateam.com/about-us) [ Fair Housing Notice ](https://dos.ny.gov/system/files/documents/2025/03/nys-housing-and-anti-discrimination-notice_02.2025.pdf) 5500 Main St #108, Buffalo, NY 14221, United States +1 716-860-5172 [ info@giambrateam.com ](mailto:info@giambrateam.com) ![](https://api.giambrateam.com/hubfs/Artboard%20%E2%80%93%2023.png) ![Frame 37544](https://api.giambrateam.com/hubfs/Frame%2037544.png) Iconic Real Estate is an Equal Opportunity Employer and supports the Fair Housing Act. 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