203 Pratt St, Buffalo, NY for sale

Investment Overview

The Crosby Company Campus is now available for sale as a manufacturing facility, reuse project, or historic rehabilitation redevelopment. The entire campus encompasses approximately 7.5 acres and features 13 buildings of various sizes (one to four stories) totaling 220,000 square feet, as well as 4 vacant land parcels. Most of the brick buildings have been unused for several years and present an excellent opportunity to be renovated into apartments, "Live-Work" spaces, or other community uses. The property spans several SBL numbers, and the current zoning is N-1S Secondary Employment Center and D-C Flex Employment District. There is significant potential for various development incentives at this site, including: - Historic Tax Credit (HTC): 20% NYS HTC + 20% Federal HTC - Brownfield Cleanup Program (BCP): Located in an EN-Zone (Environmental Zone) and BOA (Brownfield Opportunity Area), offering a 20% NYS BCP Tangible Property Credit, and up to a 24% credit for Track 1 cleanup or affordable housing - City of Buffalo 485-a: Multi-year tax abatement - Erie County Adaptive Reuse: Sales and mortgage tax exemptions - NYS Consolidated Funding Application (CFA): Grants - Utility Company Grants and Support: National Grid & National Fuel - Low-Income Housing Tax Credits (LIHTC) Please let me know if you would like more information or to discuss this opportunity further.