Property Description

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. 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.

Property Features

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