990 Niagara StBuffalo, NY 14213

For Sale
Call for price

95-unit apartment complex, prime Buffalo location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional redevelopment opportunity in Buffalo, NY, presents a fully entitled project at 990 Niagara Street. The 1.05-acre site features approved plans and permits for a 10-story building (130' high) encompassing 95 residential units – 48 one-bedroom and 47 two-bedroom apartments – and 6,000 square feet of ground-level retail space. The development also includes a 170-car parking ramp, a landscaped rooftop terrace with panoramic views, and a dog park. Construction drawings and site plans are available. The existing 50,246 - 125,000 square foot structure includes a parking ramp approved for ground-level commercial use. This project benefits from approximately $5.5 million in Brownfield Cleanup Program (BCP) credits, significantly reducing development costs. The building's design incorporates a three-story terrace atop the parking ramp. The asking price is $4.25 million. This prime location offers stunning views of the Niagara River and capitalizes on Buffalo's thriving market. The property's year of construction is 1923 for the existing structure, with the new construction to be determined. This is a rare chance to acquire a fully permitted, high-value mixed-use development in a rapidly growing urban area.

Highlights

  • Over one acre land parcel.
  • 50,000 SF existing parking ramp with city approval for ground-level commercial space and ~170 parking spaces.
  • City-approved plans for a 10-story, 95-unit apartment building (48 one-bedroom, 47 two-bedroom).
  • Project renderings and drawings available, including a 3-story rooftop terrace.
  • $5.5M in available Brownfield tax credits.

Property Details for 990 Niagara St

Property type
Other retail properties, Multifamily properties
Square Feet
50,246 SF
Year Built
1923

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.910372988412
Longitude
-78.900041048468
990 Niagara St, Buffalo, New York

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990 Niagara St
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