A two-story building sold yesterday at 1432 Niagara Street and the new buyer reportedly wants to double the size of the building for residential use. Niagara 1432 LLC purchased the 17,200 sq.ft. building from the Lillian Goldman Marital Trust for $200,000.

Carmelo Parlato from LoVallo Real Estate talked about the future of the building on Facebook yesterday:

Closing Today! 1432 Niagara St Buffalo NY 14213. Sold to a talented local developer. It will be exciting to watch this old warehouse transform into apartments. They will be adding 2 stories with covered parking below. I have more deals like this making their way to the closing table. Stay tuned.

The new LLC has a 5165 Broadway in Depew mailing address.

Redevelopment of the building would add to a growing list of Niagara Street projects that include a two-story new building by Ellicott Development at 1088 Niagara, Ciminelli’s adaptive reuse of 1360 Niagara, and The Crescento at 1502 Niagara.

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