1/16/2007

73 Glenwood...SOLD!

Just around the corner from the new home of the 30m Performing Arts Academy and blocks away from an another amazingly intelligent project in the arts and education - Artspace - is 73 Glenwood Avenue. Here's the map. Wrote about it over here - Imagine - recently and compared it to a similar project nearing completion at the corner of Peter and Grote streets. Ryan Pierce from Polis Realty just let me know that it sold.

While walking to the gym this afternoon...I snapped this pic. Great building. Click on the earlier link and you'll see an apartment that is about ready to move in, save paint and light clean-up!
73 Glenwood Avenue
Sale price - $10,000 - I knew it wouldn't last long. Good buildings and houses (see this and this) with very short list to sell times are beginning to change the shape of this emerging arts and education neighborhood on the City's near East side.
Always thinking of Artspace and Performing Arts as sister and related projects and if you are interested in learning more about this neighborhood consider joining me on a walking tour Saturday's at 11am. Meet-up at the Sonic Cafe. Learn more about a recent tour - here - and more about the Artspace Backyard Tours!
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10 comments:

Anonymous said...

Damn....only 10K. I thought the 20K asking was cheap.

Find me something with a bigger floor plate at the same price? ;)

fix buffalo said...

MJ...

Not likely. This was the best spot in the neighborhood. I'll track down the new owner and let them know you are interested!

Michele J said...

10k is a steal ..hopefully it will be fixed up and become something nice to look at in your on the verge of making a hot comeback neighborhood!

Charger said...

$10K. I'm green with envy. What a sweet little place, and in a few years as that neighborhood continues its upswing.....

Wow. Hope someone deserving got it.

Anonymous said...

$10K - insane. We who live out West can't even imagine such a thing. Can't even by a shed for the backyard tools for that out in the Southwest. If this building were in, say, San Francisco, try about $5 million -- easily, with a waiting list!

fix buffalo said...

Michele, Charger and Anon...

Agree. I'll keep an eye on how things develop here at this corner.

Price here in Buffalo, NY is double edged. Seems that on the one hand it's attractive if you want to stay in one place for a long period of time - me, bought a house for $1 almost 11 years ago and am sure I could get at least twice what I paid for it - as appreciation in many neighborhoods just isn't there.

On the other hand the low price of entry is also a sign that the fundamentals aren't in place to support a vibrant economy. Yet.

Fingers crossed that the 30m Performing Arts project just across the street from me - two tennis courts in my front yard very soon, Yipee - will add contribute and help boost the appreciation side of property here in the neighborhood.

WestCoastPerspective said...

Great news- sales are generally a good sign- there's a 50-50 chance the new owner will improve the property. At that price, hopefully they have a vision and plan to improve and invest.

Jefferson said...

I'm glad. Looks like someone took good care of this building for a long while. The wood floor looks in perfect condition.

BuffaloRox said...

I decided to take Michigan St. home last night from downtown. I saw this place and thought how nice it was. Glad to see that it's been purchased and hope something positive comes of it. I also saw 1325 Michigan. Another cool building that is going to need some love soon (with opened windows it may come with its own tenant or two). I also happened to glance to the right down a side street (Laurel?) a block or two before Glenwood and saw a couple of really neat brick houses. One, a red brick two family, was particularly stunning. Lots of untapped potential in this area.

fix buffalo said...

Buffalorox...

those two on Laurel are really amazing. both of those places are owned by west coast investors and could really use some love...