asking price: $6300000
79 ELDRIDGE STREET
CHINATOWN / LOWER EAST SIDE DEVELOPMENT SITE
FOR SALE
ASKING PRICE: $6,300,000
Property Description: The subject property is a vacant parcel
located on the west side of Eldridge Street, between Hester Street and Grand Street. The lot size is approximately 25.3’ x 100.25’ with a total lot coverage of 2,530 square feet. The property is in a C6-1G zone with an FAR of 6.00 for commercial use, 3.44 for residential use and 6.50 for community facility use. The highest and best use would be commercial development or a mixed-use building which would result in a development of approximately 15,180 BSF. It is important to note that subject benefits exclusively from a curb cut in front of the property. Curb cuts in Manhattan, especially lower Manhattan, are rare and often very difficult to acquire from the City of New York. Furthermore, vacant lots with development potential in the Lower East Side are equally rare. The subject is neighbors with the future The Milton Resnick and Pat Passlof Foundation at 87 Eldridge Street in addition to HSBC, Bowery CrossFit, Valley National Bank, Bank of America, TD Bank and the B & D subway stop.
Location: West side of Eldridge Street between Grand Street & Hester Street
Block & Lot: 306 / 29 Lot Size & Area: 25.3’ x 100.25’ / 2,503 sf Zoning: C6-1G Commercial Residential
FAR: 6.00 3.44 Total BSF: 15,180 8,703 Assessed Vale (14/15): $209,703 Real Estate Taxes (14/15): $21,648
Comm. Facility 6.50 16,445
Grand Street
Hester Street
Forsyth Street
Eldridge Street
For more information, please contact exclusive agents: MICHAEL F. DECHESER Vice President of Sales (212) 660-7772 [email protected]
DARRAGH CLARKE Associate Director of Sales (212) 660-7737 [email protected]
MEI LING WONG Senior Associate (212) 660-7716 [email protected]
CHINATOWN / LOWER EAST SIDE DEVELOPMENT SITE
FOR SALE
ASKING PRICE: $6,300,000
Property Description: The subject property is a vacant parcel
located on the west side of Eldridge Street, between Hester Street and Grand Street. The lot size is approximately 25.3’ x 100.25’ with a total lot coverage of 2,530 square feet. The property is in a C6-1G zone with an FAR of 6.00 for commercial use, 3.44 for residential use and 6.50 for community facility use. The highest and best use would be commercial development or a mixed-use building which would result in a development of approximately 15,180 BSF. It is important to note that subject benefits exclusively from a curb cut in front of the property. Curb cuts in Manhattan, especially lower Manhattan, are rare and often very difficult to acquire from the City of New York. Furthermore, vacant lots with development potential in the Lower East Side are equally rare. The subject is neighbors with the future The Milton Resnick and Pat Passlof Foundation at 87 Eldridge Street in addition to HSBC, Bowery CrossFit, Valley National Bank, Bank of America, TD Bank and the B & D subway stop.
Location: West side of Eldridge Street between Grand Street & Hester Street
Block & Lot: 306 / 29 Lot Size & Area: 25.3’ x 100.25’ / 2,503 sf Zoning: C6-1G Commercial Residential
FAR: 6.00 3.44 Total BSF: 15,180 8,703 Assessed Vale (14/15): $209,703 Real Estate Taxes (14/15): $21,648
Comm. Facility 6.50 16,445
Grand Street
Hester Street
Forsyth Street
Eldridge Street
For more information, please contact exclusive agents: MICHAEL F. DECHESER Vice President of Sales (212) 660-7772 [email protected]
DARRAGH CLARKE Associate Director of Sales (212) 660-7737 [email protected]
MEI LING WONG Senior Associate (212) 660-7716 [email protected]
