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Crosby Campus (a portion of) 203 Pratt St 70,000 SF 100% Leased Industrial Building Buffalo, NY 14204 $1,450,000 ($20.71/SF)



INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity
- Potential Incentives and Tax Credits
- Historic Rehabilitation
- William and Jefferson Corridor
EXECUTIVE SUMMARY
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.
The property sits on approximately 25% of the current Campus, or approximately 2 acres of land with about 70,000 sq ft of mostly brick buildings to potentially renovate into apartments or Live-work spaces. The property consists of 4 vacant land parcels and 8 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.
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.
The property sits on approximately 25% of the current Campus, or approximately 2 acres of land with about 70,000 sq ft of mostly brick buildings to potentially renovate into apartments or Live-work spaces. The property consists of 4 vacant land parcels and 8 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.
PROPERTY FACTS
AMENITIES
- Fenced Lot
PROPERTY TAXES
| Parcel Number | 140200-111-490-0006-022-000 | Improvements Assessment | $0 |
| Land Assessment | $22,000 | Total Assessment | $22,000 |
PROPERTY TAXES
Parcel Number
140200-111-490-0006-022-000
Land Assessment
$22,000
Improvements Assessment
$0
Total Assessment
$22,000
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Crosby Campus (a portion of) | 203 Pratt St
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