The Sheehan Residence, which had been on the market, closed Thursday, February 7, 2019. The property, owned by the Diocese of Buffalo, is located at 330 Linwood Avenue in Buffalo, New York. It was purchased by Mingo Junction Steel Works, LLC and the closing price was $1,300,000.
The property will be utilized as a mixed-use development to include office and residential space. The transaction was brokered by Tim Hourihan and David Doerr of Hanna Commercial Real Estate.
The three-story brick building at Linwood and Utica was originally built in 1928 as the rectory for what was then St. Joseph Cathedral on Delaware Avenue. The "New Cathedral" as it was known was demolished in the 1970's and the former rectory has been used ever since as a residence for retired priests. The building features 12 suite-style units.
Proceeds from the sale of the property will benefit the Retired Diocesan Priest's Medical Benefits Fund.