206-210 Delancey Street, New York, NY
206-210 Delancey Street, New York, NY RARE LOWER EAST SIDE DEVELOPMENT SITE 75’ Frontage on Delancey Street, 75,000 BSF FOR SALE
Asking Price: $33,900,000 PROPERTY INFORMATION
206-210 Delancey Street
LOCATION: BLOCK / LOT(S):
ntage 75’ Fro
LOT SIZE: LOT AREA: ZONING:
4/4/2017 "L" shaped with 75' of frontage on Delancey Street and 53' of frontage on Pitt Street 343 / 68 75' x 128'
(Approx.; Irregular)
10,925
(Approx. SF)
R-8A* Residential
F.A.R.:
Community Facility
Inclusionary Housing Bonus
5.40
6.50
7.20
TOTAL B.S.F. (APPROX.):
58,995
71,013
78,660
BSF As Per Approved Plans:
84,579
(Including Lower Level)
75,010
(Above Grade Only)
ASSESSMENT (17/18): TAXES (17/18):
$2,305,080 $297,171
PROPERTY DESCRIPTION
49-51 Pitt Street
Cushman and Wakefield has been retained on an exclusive basis to arrange for the sale of 206-210 Delancey Street in Manhattan’s Lower East Side. Five lots were combined to form an “L” shaped development site with 75’ of frontage on Delancey Street and 53’ on Pitt Street. The lot size is 10,925 SF and lies in an R-8A* zone. F.A.R. is 5.4 for residential, 6.5 for community facility and 7.2 with the inclusionary housing bonus. There are approved plans for a 75,000 SF, 12-story, mixed-use building with community facility space in the cellar and ground floor and residential on floors 2 through 12. The possibility exists to increase the floor area with Inclusionary Housing or Inclusionary Certificates (call for more information). The site has sat dormant since October 2015, when the DOB placed a Stop Work Order on the property. There is a partially constructed steel structure in place up to the 4th floor. An environmental report and structural remediation plan are available upon request and would allow for a developer to utilize the existing steel and concrete work. The subject property is located across the street from Essex Crossing, one of the most anticipated development projects in Manhattan. 206-210 Delancey Street is situated on one of the busiest corridors in the historic Lower East Side, a dynamic neighborhood featuring a wide array of unique shopping experiences, cutting-edge dining establishments, and a burgeoning nightlife scene. The neighborhood has experienced a renaissance in recent years, attracting a diverse mix of residents with its immense cultural amenities and convenient proximity to the rest of Manhattan and Brooklyn.
53’ Fro
ntage
For more information, please contact Exclusive Agents: Michael F. DeCheser Senior Managing Director (212) 660 7772 [email protected]
Stephen R. Preuss Senior Managing Director (718) 512 2118 [email protected]
Darragh Clarke Director (212) 660 7737 [email protected]
Denise Prevete Associate Director (718) 512 2605 [email protected]
Cushman & Wakefield 275 Madison Avenue, 3rd Floor New York, NY 10016 phone: 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
206-210 Delancey Street, New York, NY RARE LOWER EAST SIDE DEVELOPMENT SITE 75’ Frontage on Delancey Street, 75,000 BSF
Asking Price: $33,900,000
FOR SALE
Essex Crossing, the 1.9 million square foot mixed-use project containing residential, commercial and community space, will fuel the next stage of the ongoing revitalization of the neighborhood drawing a new wave of wealthy tenants and residents. The project will additionally feature unparalleled amenities including shops, restaurants, a movie theater, park space, and cultural attractions. The development of Essex Crossing is sure to position 206-210 Delancey Street as a highly coveted building in one of the most exciting up-and-coming areas of New York City. Furthermore, 206-210 Delancey Street benefits from easy accessibility to lower Manhattan and Brooklyn. The entrance to the Williamsburg Bridge is located a block away from the property, providing quick and easy access to Brooklyn via car, bicycle, and foot. Additionally, the F, J, M, and Z trains located within close proximity to the subject property offer immediate access throughout Manhattan, Brooklyn, and Queens and serve over 8.22 million riders annually. RENDERING
100’
ESSEX CROSSING SITE 2 -2017
53’
PITT STREET
RIDGE STREET
RIVINGTON STREET
128’ 75’
ESSEX CROSSING SITE 3
ESSEX CROSSING SITE 4
ESSEX CROSSING SITE 6 -2018
ESSEX CROSSING SITE 5 -2017
DELANCEY STREET For more information, please contact Exclusive Agents: Michael F. DeCheser Senior Managing Director (212) 660 7772 [email protected]
Stephen R. Preuss Senior Managing Director (718) 512 2118 [email protected]
Darragh Clarke Director (212) 660 7737 [email protected]
Denise Prevete Associate Director (718) 512 2605 [email protected]
Cushman & Wakefield 275 Madison Avenue, 3rd Floor New York, NY 10016 phone: 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Asking Price: $33,900,000 PROPERTY INFORMATION
206-210 Delancey Street
LOCATION: BLOCK / LOT(S):
ntage 75’ Fro
LOT SIZE: LOT AREA: ZONING:
4/4/2017 "L" shaped with 75' of frontage on Delancey Street and 53' of frontage on Pitt Street 343 / 68 75' x 128'
(Approx.; Irregular)
10,925
(Approx. SF)
R-8A* Residential
F.A.R.:
Community Facility
Inclusionary Housing Bonus
5.40
6.50
7.20
TOTAL B.S.F. (APPROX.):
58,995
71,013
78,660
BSF As Per Approved Plans:
84,579
(Including Lower Level)
75,010
(Above Grade Only)
ASSESSMENT (17/18): TAXES (17/18):
$2,305,080 $297,171
PROPERTY DESCRIPTION
49-51 Pitt Street
Cushman and Wakefield has been retained on an exclusive basis to arrange for the sale of 206-210 Delancey Street in Manhattan’s Lower East Side. Five lots were combined to form an “L” shaped development site with 75’ of frontage on Delancey Street and 53’ on Pitt Street. The lot size is 10,925 SF and lies in an R-8A* zone. F.A.R. is 5.4 for residential, 6.5 for community facility and 7.2 with the inclusionary housing bonus. There are approved plans for a 75,000 SF, 12-story, mixed-use building with community facility space in the cellar and ground floor and residential on floors 2 through 12. The possibility exists to increase the floor area with Inclusionary Housing or Inclusionary Certificates (call for more information). The site has sat dormant since October 2015, when the DOB placed a Stop Work Order on the property. There is a partially constructed steel structure in place up to the 4th floor. An environmental report and structural remediation plan are available upon request and would allow for a developer to utilize the existing steel and concrete work. The subject property is located across the street from Essex Crossing, one of the most anticipated development projects in Manhattan. 206-210 Delancey Street is situated on one of the busiest corridors in the historic Lower East Side, a dynamic neighborhood featuring a wide array of unique shopping experiences, cutting-edge dining establishments, and a burgeoning nightlife scene. The neighborhood has experienced a renaissance in recent years, attracting a diverse mix of residents with its immense cultural amenities and convenient proximity to the rest of Manhattan and Brooklyn.
53’ Fro
ntage
For more information, please contact Exclusive Agents: Michael F. DeCheser Senior Managing Director (212) 660 7772 [email protected]
Stephen R. Preuss Senior Managing Director (718) 512 2118 [email protected]
Darragh Clarke Director (212) 660 7737 [email protected]
Denise Prevete Associate Director (718) 512 2605 [email protected]
Cushman & Wakefield 275 Madison Avenue, 3rd Floor New York, NY 10016 phone: 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
206-210 Delancey Street, New York, NY RARE LOWER EAST SIDE DEVELOPMENT SITE 75’ Frontage on Delancey Street, 75,000 BSF
Asking Price: $33,900,000
FOR SALE
Essex Crossing, the 1.9 million square foot mixed-use project containing residential, commercial and community space, will fuel the next stage of the ongoing revitalization of the neighborhood drawing a new wave of wealthy tenants and residents. The project will additionally feature unparalleled amenities including shops, restaurants, a movie theater, park space, and cultural attractions. The development of Essex Crossing is sure to position 206-210 Delancey Street as a highly coveted building in one of the most exciting up-and-coming areas of New York City. Furthermore, 206-210 Delancey Street benefits from easy accessibility to lower Manhattan and Brooklyn. The entrance to the Williamsburg Bridge is located a block away from the property, providing quick and easy access to Brooklyn via car, bicycle, and foot. Additionally, the F, J, M, and Z trains located within close proximity to the subject property offer immediate access throughout Manhattan, Brooklyn, and Queens and serve over 8.22 million riders annually. RENDERING
100’
ESSEX CROSSING SITE 2 -2017
53’
PITT STREET
RIDGE STREET
RIVINGTON STREET
128’ 75’
ESSEX CROSSING SITE 3
ESSEX CROSSING SITE 4
ESSEX CROSSING SITE 6 -2018
ESSEX CROSSING SITE 5 -2017
DELANCEY STREET For more information, please contact Exclusive Agents: Michael F. DeCheser Senior Managing Director (212) 660 7772 [email protected]
Stephen R. Preuss Senior Managing Director (718) 512 2118 [email protected]
Darragh Clarke Director (212) 660 7737 [email protected]
Denise Prevete Associate Director (718) 512 2605 [email protected]
Cushman & Wakefield 275 Madison Avenue, 3rd Floor New York, NY 10016 phone: 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
