203 Pratt Street, Buffalo, NY 14204

Property Description

The Crosby Company Campus is available for sale as a Reuse Project or Historic Rehabilitation Redevelopment. Most of the 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 total available building square footage to 220,000 sq ft, encompassing the entire campus. The property in this configuration sits on approximately 7.5 Acres of land with mostly brick buildings to potentially renovate into apartments or "Live-Work" spaces or other use. The property consists of 4 vacant land parcels and 13 buildings of various sizes, from one to 4 stories. (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.