990 Niagara StBuffalo, NY 14213

Property Details for 990 Niagara St

Year built

1930

Lot size

0.94 AC

Property size (Sq ft)

49,874 SF

Zone code

N-1S

Property type

Warehouses

APN

140200 99.49-6-8

APU

140200994968

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $10,355,733

  Hospitality

  $9,485,796

  Educational

  $7,892,071

  Medical

  $8,163,492

  Retail

  $12,276,555

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9103

Longitude

-78.9006

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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