Two Large Downtown Purchases Finalized on Saturday, March 6th, 2010

Nearly $2 million in real estate traded hands along S. Elmwood Avenue on Friday.  The Corn Exchange Building, 100 S. Elmwood Avenue at the corner of W. Huron Mohawk Street, was purchased after being for sale for several years.  The circa-1910, four-story structure is vacant and had been used as an office building in recent years.  100 South Elmwood LLC paid $500,000 for the structure. 

What the entity has in mind for the building is unknown.  It is ideally located for any use, located across from City Hall, the new Federal Courthouse and Mark Croce's mixed-use proposal.  The building has 32,000 sq.ft. of space. 

DSC_0197.JPGMeanwhile at the Avant, a 3,105 sq.ft. condo on the 15th floor sold for $1.365 million.  It squeaks by a $1.32 million penthouse purchased in the Pasquale as Buffalo's most expensive condominium.  The three-bedroom, 3.5 bath Avant unit was purchased under the 'Linden Oak Revocable Trust' name.  It is not the most expensive residence in the building.  A 16th floor, 3,766 sq.ft. unit with a $1.73 million base price has yet to close.


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