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282 Newfield St
Property Overview
Active Listing
11 listing photos · Tap Enlarge for full-size view
Initializing street view...
Specs
Lifestyle
A calculation based on nearby amenity density.
Taxes
Price History
Safety & Hazards
Zumintel Report
282 Newfield St, Buffalo, NY 14207
Flip Deal Signal
Strong flip opportunity with significant profit potential in a warm, competitive market, but requires careful management of heavy renovation, lead paint remediation, and permit timelines.
Deal Math
| Room / System | Condition | Est. Cost Range |
|---|---|---|
| 🍳Kitchen | fair | $25,000 – $45,000 |
| 🛁Primary Bath | poor | $12,000 – $20,000 |
| 🚿Secondary Baths | fair | $8,000 – $15,000 |
| 🛋️Living Areas | fair | $5,000 – $10,000 |
| 🛏️Bedrooms | fair | $4,000 – $8,000 |
| 🪵Flooring | fair | $8,000 – $15,000 |
| 🏠Exterior/Curb | fair | $5,000 – $12,000 |
| 🏗️Roof | unknown | $0 – $18,000 |
Renovation Scope & Budget
★ AI-recommended scope based on photo analysis
ARV Comparable Sales
Renovated comparables · Sold within 6 months
| Address | Sold Price | Days Ago |
|---|---|---|
15 Sunset St Full gut renovation, new systems, modern finishes | $410,000 | 55d |
20 Garfield St Completely updated kitchen and baths, new windows | $495,000 | 30d |
Flip Market Velocity
Active buyer demand. Renovated homes selling near list price within 3 weeks. The Buffalo housing market is very competitive with rising home values.
Deal Score Breakdown
Permit & Zoning
Risk Factors
Property built in 1925, likely contains lead-based paint. Budget for testing and potential abatement is required.
Building permit processing in Buffalo typically takes 2-6 weeks for initial zoning permits, with potential for longer wait times for full renovation permits.
The active real estate market in Buffalo may lead to longer wait times for reputable contractors, potentially extending project timelines.
Strategic Assessment
Key Advantages
- •Significant projected profit margin (approx. $145,100 gross profit).
- •Strong buyer demand and competitive market conditions in Buffalo for renovated properties.
- •No HOA or historic district restrictions identified for the property.
Considerations
- •Heavy renovation scope increases the risk of unforeseen issues and cost overruns.
- •Property built in 1925, indicating a high likelihood of lead-based paint requiring remediation.
- •The permit process in Buffalo can introduce delays (2-6 weeks typical for zoning permits).
Due Diligence
- •Cost overruns if hidden structural issues or extensive damage are discovered during the heavy renovation.
- •Extended holding costs if permit delays or contractor availability issues prolong the renovation timeline.
- •Market softening or increased interest rates could impact ARV or buyer demand if the hold period extends beyond projections.
Analyst Verdict
Based on current list price and market conditions.
Strong flip opportunity with significant profit potential in a warm, competitive market, but requires careful management of heavy renovation, lead paint remediation, and permit timelines.
Fix & Flip analysis powered by Gemini AI with Google Search grounding. All cost estimates and projections are for informational purposes only — verify with licensed contractors and local market experts before making investment decisions.
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