CB Faith Broker
cbfaithbrokerbroker@chime.me203 Pratt ST Buffalo, NY 14204
149,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 149,000 sqft
Price per Sqft $20
MLS Listing ID B1664478
Construction Status Existing
HOA Y/N No
Year Built 1896
Annual Tax Amount $18,000
Lot Size 2.500 Acres
Acres 2.5
Lot Dimensions 179X730
Property Sub-Type Apartment
Property Description
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.
Location
State NY
County Erie
Area Buffalo City-140200
Zoning N-1S, D-C
Direction NYS Thruway I 90 Take exit 53 onto 190 N/I-190 N toward Downtown Buffalo, Take I-190 N, Take exit 6 to Elm St, Keep left at Elm St, Turn right onto Broadway, Turn right onto Pratt St
Rooms
Basement Partial
Interior
Heating Electric, Gas, Individual, Zoned, Forced Air, Multiple Heating Units
Cooling 1 Unit, Zoned
Flooring Concrete, Hardwood, Varies
Inclusions Land and Building, Other - See Remarks
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Flat,Membrane,Rubber,Rolled/Hot Mop
Total Parking Spaces 100
Building
Lot Description Rectangular, Rectangular Lot
Building Description Brick,Block,Masonry,Concrete, Drive-In Doors,Loading Dock
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick,Block,Masonry,Concrete
Construction Status Existing
Schools
School District Buffalo
Others
Tax ID 140200-111-490-0006-022-000
Acceptable Financing Cash, Private Financing Available, Rehab Financing
Listing Terms Cash, Private Financing Available, Rehab Financing
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
CB Faith Broker