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Owner asking $5.75 million for historic Lenox Hotel

Commercial real estate developer Anthony Trusso has put the prominent Lenox Hotel in Buffalo up for sale, with an asking price of $5.75 million.

Trusso, who owns several properties in the city and suburbs, acquired the historic building at 140 North St. in 2005, buying it for $2.4 million from a California investment firm.

That firm in turn had bought it at a foreclosure auction in 2002 for $2.49 million from longtime owner Robert L. Freudenheim.

Originally built in 1896 as an apartment building, the Lenox housed well-known local families as tenants, including author F. Scott Fitzgerald, who lived there with his family as a toddler.

It was turned into an eight-story hotel in 1900 for the Pan-American Exposition a year later and then reconfigured to its current layout in the 1940s, hosting musical and theater stars such as Aaron Copeland, Henry Fonda, Duke Ellington and Harry Belafonte.

It has 88,000 square feet, with 92 rental units and 40 hotel rooms, and parking for 109 cars. The first floor houses commercial tenants, including the Nina Freudenheim art gallery.

Broker Chris Greco is marketing the building for Trusso.

e-mail: jepstein@buffnews.com

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