203 Pratt Street, Buffalo, NY 14204 | MLS #B1664478 | HUNT Real Estate
 
  • 119 days on site
  • 37 views

A long, underutilized, and substantially vacant portion of the Crosby Company Campus is available for sale as a Reuse Project or Historic Rehabilitation Redevelopment. The Crosby Company, celebrating 129 years of manufacturing in Buffalo, continues in business at the site, utilizing the remainder of the Campus. These buildings have not been used in several years, and it is time to put them to good use in the community as a Reuse Project. We now have newly added space (81,000 sq ft) bringing the total available building square footage to 149,000 sq ft, encompassing the entire west side of the campus. The property in this configuration sits on approximately 50% of the current Campus, or approximately 2.5 acres of land with of mostly brick buildings to potentially renovate into apartments or Live-Work spaces or other use. The property consists of 4 vacant land parcels and 10 buildings of various sizes, from one to 4 stories. The buildings are to be subdivided from the primary parcel at 412 William. (Several SBL #s) There is potential for some or all of the following at this site: HISTORIC TAX CREDIT (HTC) - 20% NYS HTC + 20% Federal HTC BROWNFIELD CLEANUP PROGRAM (BCP) –EN-Zone (Environmental Zone) –BOA (Brownfield Opportunity Area) AS WELL AS: –20% NYS BCP Tangible Property Credit –Up to 24% credit if Track 1 cleanup or affordable housing - City of Buffalo 485-a (multi year tax abatement) -Erie County adaptive reuse (sales & mortgage tax exemption) -NYS Consolidated Funding Application (CFA) grants -Utility Company Grants and Support –National Grid & National Fuel - Low-Income Housing Tax Credits (LIHTC) The current zoning is N-1S Secondary Employment Center and D-C Flex Employment District.

Source: New York Alliance, MLS#: B1664478

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  • Property Type
    Commercial Sale
  • Lot
    2.50 acres

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Chip Murphy
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  • Median Age
    41
  • Population Density
    4,455
  • College Educated
    23%
  • Estimated Median Income
    $22,989
  • Estimated Total Home Owners
    1,331
  • Estimated Total Renters
    2,956
  • Owner / Renter Divide
    31% / 69%
  • Estimated Average Household Size
    2
  • Total Population
    8,003
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.