Niagara Street Apartments
Exciting Development Opportunity with structured parking in the City of Buffalo
Marketing description
Introducing the Niagara Street Apartments – an exceptional development opportunity in the vibrant city of Buffalo! Located at 990 Niagara Street, Buffalo, NY, this fully entitled project boasts 95 units with stunning views of the Niagara River. With approximately $5.5M in BCP credits included, this investment offers substantial financial incentives. The property comes with approved construction drawings, zoning permits, and site plans, streamlining the path to construction. Featuring 110,000 SF of new construction, the development comprises 95 1-2 bedroom apartments, 6,000 SF of retail space, and a 170-car parking ramp. A landscaped roof terrace with panoramic views and a dog park adds to the appeal of this prime investment opportunity. Situated on 1.05 acres, the property stands 10 stories tall with a building height of 130'. Don't miss this chance to capitalize on Buffalo's growing market – seize the moment at 990 Niagara Street! Asking Price: $4.25M.
Investment highlights
Over one acre of land.
Existing 50,000 square foot parking ramp – Approved for ground level commercial space and approx. 170 parking spaces.
City of Buffalo-approved plans and variances for a 10-story building with 95 apartments:
48 one-bedroom units
47 two-bedroom units
Renderings and drawings are available for the entire project, including a 3-story terrace atop the parking ramp.
Approximately $5.5 million in Brownfield tax credits available.
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