Active
597-605 Elmwood Avenue, Buffalo NY 14222
MLS# B1624971
$2,500,000
Price
33
Beds
-
Baths
27,339
Living Area (Sq.Ft.)
0.314
Lot Area (Acres)
$2,500,000
Price
33
Beds
-
Baths
27,339
Living Area (Sq.Ft.)
0.314
Lot Area (Acres)
Also listed for sale under: B1627464. Welcome to 597–605 Elmwood Avenue, a truly iconic 49-unit apartment building in the heart of Elmwood Village, ready for its next chapter in the right hands of a seasoned and visionary investor. <br> <br>This is not a project for just anyone. This is a once-in-a-generation opportunity to acquire and redevelop a landmark property on one of the city's most vibrant and walkable corridors. Positioned at the corner of Elmwood and Lexington, this expansive three-story brick building offers over 27,000 square feet of historic architecture and unmatched potential. The layout includes 32 one-bedroom apartments, 15 studios, 1 two-bedroom unit, and a ground-floor commercial space. <br> <br>The property has been vacant and condemned by the City of Buffalo for the past two years after its prior owner let it fall to disrepair, it's now Bank Owned. It will require a full rehabilitation of every unit, including structural, mechanical, electrical, and interior renovations. Some units must be completely gutted, while still showcasing original features such as decorative fireplaces, hardwood flooring, and detailed woodwork. Major building systems including the roof, boiler, fire escapes, windows, and electrical panels are likely due for full modernization. <br> <br>For the right investor, the opportunity is clear. This is a chance to transform a distressed property into a premier multifamily asset in a neighborhood where buildings of this scale rarely become available. With strong rental demand, premium leasing potential, and likely strong long-term appreciation, Elmwood Heights offers substantial upside for someone wanting to make their mark and solidify their place in History in the City of Buffalo. <br> <br>Proof of funds and a signed hold harmless agreement are required before any showings.
Status
Active
Property Type
MultiFamily
Property Sub Type
--
Year Built
1900
Parcel Number
140200-100-380-0002-035-000
Unit Number
--
Lot Features
Corner Lot, Near Public Transit, Rectangular, Rectangular Lot
Lot Size Dimensions
145X94
Stories
3
Property Condition
Resale,Fixer
Elementary School District
Buffalo
Middle Or Junior School District
Buffalo
High School District
Buffalo
Location
Listing Agent
Gregory Straus
Listing Office
716 Realty Group WNY LLC
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
RealEstateOwned
Listing Terms
Cash, Rehab Financing
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2025-08-01
Owner Pays
Other, See Remarks
Rent Includes
Other, See Remarks
Fire Places Total
0
Flooring
Other, See Remarks
Heating
true
Heating Features
Gas, Baseboard
Appliances
Appliances Negotiable, Gas Water Heater
Garage
false
Garage Spaces
0
Water Source
Connected, Public
Sewer
Connected
Roof
Flat
Utilities
Sewer Connected, Water Connected
Parking Features
None, No Driveway, No Garage
Basement
Full
Construction Materials
Brick
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated 06/27/2025.
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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated 06/27/2025.
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.