574-576 BROOME STREET Development Site
FOR SALE
Hudson Square
PROPERTY FEATURES This property offers a developer the opportunity to develop an iconic structure with great southern light in the heart of the newly rezoned Hudson Square area. The site is located in the Special Hudson Square District which has a zoning designation of M1-6 with an as of right FAR of 10.0. With the recent Trinity Church rezoning a developer could also build a 9.0 Residential building (10.0 FAR if ground floor retail is preserved and 12.0 FAR with inclusionary air rights incorporated). With the 12.0 FAR, there could be a total of approximately 45,647 buildable square feet. The site has unobstructed southern views because of its proximity to the Holland Tunnel.
BUILDING FEATURES BLOCK & LOT
578 / 78 & 79
ZONING
M1-6 HSQ
RESIDENTIAL FAR
9
COMMERCIAL/COMM. FACILITY FAR
10
RESIDENTIAL FAR WITH INCLUSIONARY
12
RESIDENTIAL BUILDABLE SF (9 FAR)
34,235
COMMERCIAL BUILDABLE SF (10 FAR)
28,039
MAXIMUM BUILDABLE SF (12 FAR)
45,647
LOT DIMENSIONS
45’-1” x 84’-4.5”
LOT SF
3,803.91
ASSESSMENT COMBINED
$196,816
ASKING PRICE
RE TAXES COMBINED
$30,875
$28,000,000 or $613.40/BSF
FOR MORE INFORMATION, PLEASE CONTACT: Robert Burton Executive Director (212) 696 2250 x 7770
[email protected] Stephanie Mitchell Associate (212) 696 2250 x 7724
[email protected] Keegan Mehlhorn Associate (212) 696 2250 x 7718
[email protected] CUSHMAN & WAKEFIELD 275 Madison Avenue New York, NY 10016 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy 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 our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
574-576 BROOME STREET
<XXX> SF AVAILABLE (3 LINES MAXIMUM)
Development Site For Sale TAX MAP
574-576 BROOME STREET MASSING STUDY WITH INCLUSIONARY HOUSING, RESIDENTIAL ONLY; 10’ FLOOR TO FLOOR +/45,647 SQ FT AS-OF-RIGHT @ 12 FAR
RENDERING
STORY
RESIDENTIAL FA
SUBTOTAL
1
2,446.9 SQ FT
2,447 SQ FT
2
2,446.9 SQ FT
4,894 SQ FT
3
2,446.9 SQ FT
7,341 SQ FT
4
2,446.9 SQ FT
9,788 SQ FT
5
2,446.9 SQ FT
12,234 SQ FT
6
2,446.9 SQ FT
14,681 SQ FT
7
2,446.9 SQ FT
17,128 SQ FT
8
2,446.9 SQ FT
19,575 SQ FT
9
2,446.9 SQ FT
22,022 SQ FT
10
2,446.9 SQ FT
24,469 SQ FT
11
2,446.9 SQ FT
26,916 SQ FT
12
2,446.9 SQ FT
29,363 SQ FT
13
2,143.1 SQ FT
31,506 SQ FT
14
2,075.6 SQ FT
33,581 SQ FT
15
2,008.1 SQ FT
35,589 SQ FT
16
1,940.6 SQ FT
37,530 SQ FT
17
1,771.9 SQ FT
39,302 SQ FT
18
1,771.9 SQ FT
41,074 SQ FT
19
1,771.9 SQ FT
42,846 SQ FT
20
1,771.9 SQ FT
44,617 SQ FT
21
1,029.5 SQ FT
45,647 SQ FT
TOTAL
45,647 SQ FT
ASKING PRICE
$28,000,000 or $613.40/BSF FOR MORE INFORMATION, PLEASE CONTACT: Robert Burton Executive Director (212) 696 2250 x 7770
[email protected] Stephanie Mitchell Associate (212) 696 2250 x 7724
[email protected] Keegan Mehlhorn Associate (212) 696 2250 x 7718
[email protected] CUSHMAN & WAKEFIELD 275 Madison Avenue New York, NY 10016 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy 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 our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.