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Crosby Campus (a portion of) 203 Pratt St 220,000 SF Industrial Building Buffalo, NY 14204 $4,700,000 ($21.36/SF)
Investment Highlights
- Redevelopment Opportunity
- Potential Incentives and Tax Credits
- Historic Rehabilitation / Reuse
- William and Jefferson Corridor
Executive Summary
The Crosby Company Campus is now available for sale as a Manufacturing Facility, Reuse Project or Historic Rehab Redevelopment.
The Crosby Company is closing after 129 years of manufacturing in Buffalo, and operations should be complete by December 2026
The West Side of the Campus buildings have been underutilized for several years, and it is time to put them to good use in the community as a Reuse Project.
We now have approximately 220,000 sq ft total available building square footage encompassing the entire campus. The east side and now adding to the west side of the property. The property in this configuration sits on approximately 7.5 acres of land with of mostly brick buildings to potentially renovate into apartments or "Live-Work" spaces or other use. The property consists of 5 vacant land parcels and 13 buildings of various sizes, from 1 to 4 stories. The buildings are under multiple addresses with the primary parcel being 412 William. (Several SBL #s)
There is potential for some or all of the following incentives for 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 is closing after 129 years of manufacturing in Buffalo, and operations should be complete by December 2026
The West Side of the Campus buildings have been underutilized for several years, and it is time to put them to good use in the community as a Reuse Project.
We now have approximately 220,000 sq ft total available building square footage encompassing the entire campus. The east side and now adding to the west side of the property. The property in this configuration sits on approximately 7.5 acres of land with of mostly brick buildings to potentially renovate into apartments or "Live-Work" spaces or other use. The property consists of 5 vacant land parcels and 13 buildings of various sizes, from 1 to 4 stories. The buildings are under multiple addresses with the primary parcel being 412 William. (Several SBL #s)
There is potential for some or all of the following incentives for 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
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 140200-111-490-0006-022-000 | Improvements Assessment | $0 |
| Land Assessment | $58,900 | Total Assessment | $58,900 |
Property Taxes
Parcel Number
140200-111-490-0006-022-000
Land Assessment
$58,900
Improvements Assessment
$0
Total Assessment
$58,900
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Crosby Campus (a portion of) | 203 Pratt St