Greco Real Estate.com

09/12/2024

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 |

Smaller apartment buildings are hot, more so than larger complexes—thanks to higher interest rates, tighter financial restrictions, and concerns about the economy.

12/19/2022

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

10/18/2022

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

Property purchase and renovations to total $77 million.

09/02/2022

Canadian investors realize the multifamily opportunities the WNY area has to offer and we are happy to direct them to the deals.
http://ow.ly/6Hak50KyGKc

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.

07/21/2022

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

The average rent for apartments in Western New York has risen nearly 21% since 2018.

07/09/2022

Looks like a Wynn-win to us👍

The building was constructed in 1880 as the 20-room Lake Hotel. Shortly after the Pan-American Exposition, it was turned into apartments.

07/02/2022

WNY is still going strong. More satisfied buyers

Canadian investors make big local CRE buy.

06/22/2022

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

Matterport 3D Showcase.

05/17/2022

Retention is rising ↗️

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.

04/28/2022

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

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

04/23/2022

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

"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."

04/19/2022

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

The real estate perfect storm has taken many first-time buyers — and those on limited budgets — right out of the local market.