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$260,000

Historic Downtown Redevelopment Opportunity | Secured $750,000 Grant | Opportunity Zone An exceptional opportunity to acquire one of downtown Gloversville's most distinctive redevelopment properties. This rare multi-building offering includes a secured $750,000 renovation grant that transfers with the project, dramatically reducing redevelopment costs from day one. Positioned within a federally designated Opportunity Zone, the property also offers the potential for valuable tax incentives, creating a compelling investment opportunity with multiple layers of financial upside. Formerly operating as a bank, the property consists of three interconnected buildings filled with architectural character that cannot easily be replicated. Original bank vaults, safety deposit boxes, soaring ceilings, expansive open spaces, a mezzanine overlooking the main banking hall, and a large skylight create an impressive canvas for redevelopment while preserving the building's historic identity. A portion of the property has already been renovated into professional office space on both the first and second floors, providing immediate functionality and potential income while the remaining space is transformed. The balance of the complex offers tremendous flexibility for adaptive reuse, including apartments, mixed-use development, boutique hotel, brewery, restaurant, entertainment venue, event space, medical offices, coworking space, educational facilities, or other commercial concepts, subject to municipal approvals. Beyond the secured $750,000 grant, buyers may qualify for additional redevelopment incentives through local and state programs. Gloversville was awarded $10 million through New York's Downtown Revitalization Initiative (DRI), and additional funding opportunities may be available through the Gloversville Revitalization Improvement Program (GRIP), creating the potential to significantly offset renovation expenses. The property also offers exciting residential conversion possibilities. Apartment or mixed-use redevelopment may be feasible with municipal approvals, and the acquisition of a nearby parking lot could further support residential density while increasing long-term income potential. Some exterior improvements, including portions of the façade and flat roof, remain to be completed, allowing the next owner to customize the project while leveraging substantial financial assistance already in place. Located in the heart of downtown Gloversville, this property sits within an area experiencing continued public and private investment, just minutes from the Adirondack region and within easy reach of the Capital Region. The combination of historic architecture, existing improvements, transferable grant funding, Opportunity Zone tax benefits, and additional incentive programs creates a redevelopment opportunity rarely available in today's market. Projects offering this level of built-in financial support are exceptionally uncommon. With a secured $750,000 grant already in place, significant redevelopment incentives, and limitless adaptive reuse potential, this is an opportunity to accelerate redevelopment, reduce capital costs, and create a landmark project in one of Upstate New York's emerging downtown markets. Property brochure, grant information, and redevelopment materials are available upon request.

7.5 Baths ⋅ 11914233 MLS

Historic Downtown Redevelopment Opportunity | Secured $750,000 Grant | Opportunity Zone An exceptional opportunity to acquire one of downtown Gloversville's most distinctive redevelopment properties. This rare multi-building offering includes a secured $750,000 renovation grant that transfers with the project, dramatically reducing redevelopment costs from day one. Positioned within a federally designated Opportunity Zone, the property also offers the potential for valuable tax incentives, creating a compelling investment opportunity with multiple layers of financial upside. Formerly operating as a bank, the property consists of three interconnected buildings filled with architectural character that cannot easily be replicated. Original bank vaults, safety deposit boxes, soaring ceilings, expansive open spaces, a mezzanine overlooking the main banking hall, and a large skylight create an impressive canvas for redevelopment while preserving the building's historic identity. A portion of the property has already been renovated into professional office space on both the first and second floors, providing immediate functionality and potential income while the remaining space is transformed. The balance of the complex offers tremendous flexibility for adaptive reuse, including apartments, mixed-use development, boutique hotel, brewery, restaurant, entertainment venue, event space, medical offices, coworking space, educational facilities, or other commercial concepts, subject to municipal approvals. Beyond the secured $750,000 grant, buyers may qualify for additional redevelopment incentives through local and state programs. Gloversville was awarded $10 million through New York's Downtown Revitalization Initiative (DRI), and additional funding opportunities may be available through the Gloversville Revitalization Improvement Program (GRIP), creating the potential to significantly offset renovation expenses. The property also offers exciting residential conversion possibilities. Apartment or mixed-use redevelopment may be feasible with municipal approvals, and the acquisition of a nearby parking lot could further support residential density while increasing long-term income potential. Some exterior improvements, including portions of the façade and flat roof, remain to be completed, allowing the next owner to customize the project while leveraging substantial financial assistance already in place. Located in the heart of downtown Gloversville, this property sits within an area experiencing continued public and private investment, just minutes from the Adirondack region and within easy reach of the Capital Region. The combination of historic architecture, existing improvements, transferable grant funding, Opportunity Zone tax benefits, and additional incentive programs creates a redevelopment opportunity rarely available in today's market. Projects offering this level of built-in financial support are exceptionally uncommon. With a secured $750,000 grant already in place, significant redevelopment incentives, and limitless adaptive reuse potential, this is an opportunity to accelerate redevelopment, reduce capital costs, and create a landmark project in one of Upstate New York's emerging downtown markets. Property brochure, grant information, and redevelopment materials are available upon request.

12-24 North Main St, Gloversville

$1,200,000

5-story historical building with the interior fully demolished, new roof, & drawings done for 9 luxury apartments with first floor retail space - this building is ready for redevelopment. The apartments would have very large windows on both S. Salina St and Bank Alley. Located in the Heart of Downtown Syracuse - across from the corporate offices of MICRON, the Downtown Committee of Syracuse, CenterState CEO, and on the same street as the Landmark Theatre and the Red House Theatre. Within 1 block are the popular areas of Armory Square and Hanover Square.

11891825 MLS

5-story historical building with the interior fully demolished, new roof, & drawings done for 9 luxury apartments with first floor retail space - this building is ready for redevelopment. The apartments would have very large windows on both S. Salina St and Bank Alley. Located in the Heart of Downtown Syracuse - across from the corporate offices of MICRON, the Downtown Committee of Syracuse, CenterState CEO, and on the same street as the Landmark Theatre and the Red House Theatre. Within 1 block are the popular areas of Armory Square and Hanover Square.

313 south salina st, Syracuse

$1,850

Huge 2-story, 1350 sq ft, 1 bedroom / 1 office / 1.5 bathroom available at the Whitlock Building. Standing at the building entrance you are looking at a grocery store, 10 food vendors, coffee shop, bar, fire pit, and tons of outdoor/indoor seating. This unit has luxury vinyl tile floor, in-unit laundry, granite countertops, and stainless steel appliances. Large offices area in addition to the living areas. A full renovation of the building was completed in 2023 to high energy efficiency standards, making it the first all electric / carbon neutral project in the area. Excellent location in Downtown and very close to SU, SUNY Upstate, Crouse Hospital, SUNY ESF and less than a block from several parking option. The bus station across the street has direct shuttles up to the SU Hill and Upstate running daily. Each apt has their own 100 mbps WiFi network installed, and the service can be upgraded to 1000 mbps and wireless cable TV. All utilities & Wifi included.

1.5 Baths ⋅ 11863369 MLS

Huge 2-story, 1350 sq ft, 1 bedroom / 1 office / 1.5 bathroom available at the Whitlock Building. Standing at the building entrance you are looking at a grocery store, 10 food vendors, coffee shop, bar, fire pit, and tons of outdoor/indoor seating. This unit has luxury vinyl tile floor, in-unit laundry, granite countertops, and stainless steel appliances. Large offices area in addition to the living areas. A full renovation of the building was completed in 2023 to high energy efficiency standards, making it the first all electric / carbon neutral project in the area. Excellent location in Downtown and very close to SU, SUNY Upstate, Crouse Hospital, SUNY ESF and less than a block from several parking option. The bus station across the street has direct shuttles up to the SU Hill and Upstate running daily. Each apt has their own 100 mbps WiFi network installed, and the service can be upgraded to 1000 mbps and wireless cable TV. All utilities & Wifi included.

480 South Salina Street, #311 Unit #311, Syracuse

$3,900

Available Sept 21st. Move into this South facing sunny apartment with oversized windows and an open view. Kitchen features cerused oak cabinetry, satin cooper Waterworks fixtures, quartz slab countertops, and Miele appliances including a 4-burner gas range and speed oven. The stove hoods vent out. The entire apartment is finished with beautiful white oak wood flooring. The spa-like master bathroom, with radiant floor heating, features Oro Puro quartz tile flooring and walls with a marble mosaic feature walls, a custom sink Bianco Carrara marble vanity, recessed medicine cabinets with integrated outlets, and a custom makeup mirror. Washer/Dryer in unit. Brooklyn Point features 40,000 sq ft of indoor and outdoor amenities: 24-hour doorman/concierge, rooftop infinity pool, package room with cold storage, pet spa, bicycle storage, storage bins, resident lounge with bar/firepit, landscaped terrace with BBQ grills, putting green, indoor & outdoor children's play area, screening & performance room, chefs demonstration kitchen, wine library, private study, game room, fitness center (Pilates/cycling/yoga studio, rock climbing, 65 saltwater pool, steam/sauna, hot tub), and squash/basketball court. The building is situated right next door to the largest food/shipping/entertainment center in Brooklyn - City Point! It's also just steps away from many options of transportation including 2,3,4,5,B,Q,R,A,C,G train. Housing Choice Vouchers Welcome Se Aceptan Vales de Elección de Vivienda

1 Baths ⋅ 11155703 MLS

Available Sept 21st. Move into this South facing sunny apartment with oversized windows and an open view. Kitchen features cerused oak cabinetry, satin cooper Waterworks fixtures, quartz slab countertops, and Miele appliances including a 4-burner gas range and speed oven. The stove hoods vent out. The entire apartment is finished with beautiful white oak wood flooring. The spa-like master bathroom, with radiant floor heating, features Oro Puro quartz tile flooring and walls with a marble mosaic feature walls, a custom sink Bianco Carrara marble vanity, recessed medicine cabinets with integrated outlets, and a custom makeup mirror. Washer/Dryer in unit. Brooklyn Point features 40,000 sq ft of indoor and outdoor amenities: 24-hour doorman/concierge, rooftop infinity pool, package room with cold storage, pet spa, bicycle storage, storage bins, resident lounge with bar/firepit, landscaped terrace with BBQ grills, putting green, indoor & outdoor children's play area, screening & performance room, chefs demonstration kitchen, wine library, private study, game room, fitness center (Pilates/cycling/yoga studio, rock climbing, 65 saltwater pool, steam/sauna, hot tub), and squash/basketball court. The building is situated right next door to the largest food/shipping/entertainment center in Brooklyn - City Point! It's also just steps away from many options of transportation including 2,3,4,5,B,Q,R,A,C,G train. Housing Choice Vouchers Welcome Se Aceptan Vales de Elección de Vivienda

138 Willoughby Street, #20-G Unit #20-G, Brooklyn