3-Story Commercial Building Chinatown, Manhattan, NY

$8,240,000
For Sale
Buildable: 15,750 Sqft
Property type: Office
Gross Sqft (Sq Ft)
6,181
Commercial Units
2

Details

  • Lot Dimensions: 23.67' 107' (irreg)
  • Lot Area: 2,423 Sqft
  • Building Dimensions: 24' x 107'
  • Retail Area: 2181 Sqft
  • Office Area: 4,000 Sqft
  • Gross Sqft: 6,181 Sqft
  • Residential Units: 0
  • Commercial Units: 2
  • Zoning: C6-1
  • Building Class: K4
  • Building Category: K131
  • Building Sub-category: M
  • Residential FAR: 3.44
  • Commercial FAR: 6.00
  • FAR as built: 2.55
  • Buildable: 15,750 Sqft
  • Construction: Masonry
  • Stories: 3
  • Tax Class: 4
  • Taxes (20/21): $59,033
  • Year Built: 1915

Description

This is a 24ft wide three story commercial building. The property has a restaurant on the ground floor. They are paying $10,700 per month. The second floor front unit is being used as storage; the back has a full open kitchen this floor is delivered vacant. The third floor is being rented to a Buddhist Temple. They are paying $3,000 per month and are on a month to month basis.

The property is a prime development opportunity because a developer can build a 15,750 square foot mixed-used building in an area that is under lots of development. The new development can be nice luxury rentals or high end residential condos. The property would also be great for a commercial condo or a hotel; both are in high demand in the area. The height limit for the property is 120’.

The building is also a great user opportunity, a user can convert the second floor into living space and use the third floor as an office at the same time have income coming from the restaurant on the ground floor.

The property is right off the Bowery which has nice retail stores and restaurants. The building has easy access to both Brooklyn and Manhattan Bridges and is close to the number 6, B, D and F trains.

Price includes a 3% broker fee paid by buyer.

Contact the Agent

Rowen Giles

New York Licensed Real Estate Salesperson
Rowen is a New York Licensed Real Estate Salesperson in association with D. White, a licensed broker. Hire Rowen as your real estate agent to represent you in the purchase or sale of residential and commercial real estate. Locations include Brooklyn, Bronx, Queens, Long Island, Staten Island, and upstate NY.