10,730* 6,107 25.75' x 106.5' LittLe itaLy
378 Broome Street, New York, NY 10013 PRIME LITTLE ITALY mixed-use development opportunity | FOR SALE
10,730*
Buildable SF (as-of-right)
6,107
25.75' x 106.5'
Existing SF
Lot Dimensions
Little Italy Location
Ariel Property Advisors presents 378 Broome Street, a 25.75’ wide mixed-use conversion or development opportunity located in the heart of Little Italy between Mulberry and Mott Streets. 378 Broome Street currently consists of a three-story, 6,107 square foot structure that houses a sanctuary with high-ceilings on the ground floor and residential space on the 2nd and 3rd floors. The property will be delivered vacant, providing a unique opportunity for owner-users to capitalize on the neighborhood’s retail potential. Located in the Special Little Italy District, C6-2G zoning allows up to 10,730* buildable square feet, as-of-right, making it a rare ground-up development site in Lower Manhattan. Situated in an area that is popular with both local residents and visiting tourists, 378 Broome Street is surrounded by many restaurants, hotels, shopping and cultural amenities. The 6, J and Z subway lines are all a short walk away, providing easy access to the rest of Manhattan and the outer boroughs. Offering a prime retail location and development upside, 378 Broome Street presents owner-users, investors and developers with an outstanding opportunity to invest in Lower Manhattan.
Property Information Block / Lot Lot Dimensions Lot Size Zoning FAR Buildable SF Building Dimensions Existing SF Air Rights Assessment (16/17) Taxes (16/17)
480 / 40 25.75' x 106.5' (Irreg.) 2,617 C6-2G 4.10 10,730* 25.75’ x 106.5’ (Irreg.) 6,107 4,623 $474,390 $50,162
Sq. Ft. (Approx.) Special Little Italy District Sq. Ft. (Approx.) (as-of-right) Sq. Ft. (Approx.) Sq. Ft. (Approx.)
*Height and lot coverage constraints do not allow for the full utilization of all floor area generated by the site. A preliminary zoning study estimates the allowable buildable area to be 10,305 square feet. Please independently verify all estimated figures provided herein.
asking Price: $7,500,000 For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc Michael A. Tortorici x13 [email protected]
Shimon Shkury x11
[email protected]
Howard Raber, Esq. x23
[email protected]
Andre Sigourney x55
[email protected]
Jesse Greshin x5272 [email protected]
For Financing Info Paul McCormick x45
[email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. January 17, 2017 11:26 AM
RDEN
103
28 St
7 AV
1 28 St
W 28 ST
6
28 St
E 29 ST
M34A
E 28 ST
M15
N R
WATERSIDE PLAZA
FASHION E 26 ST 26 ST Street, New York, NY 10013 TITUTE OF378 WBroome MADISON CHNOLOGYPRIME LITTLE ITALY mixed-use development E 25 ST opportunity | FOR SALE SQUARE 23 St E 24 ST 34 A 3 St 23 St PARK
34 A
6 AV
T EAS
N R
PARK AV SOUTH
W 4 ST
W 3 ST 5
7 AV S
W BROADWAY
LAFAYETTE ST
CHURCH ST
W BROADWAY
Hall
[email protected]
ST T WES
2 AV
3 AV
AVENUE C
T
ST CHRYSTIE
asking Price: $7,500,000 BROOKLYN 4 5 6 BRIDGE
R
Shimon Shkury x11
S RY
K
R PA
T
YS RR
E CH
Howard Raber, Esq. x23 FRANKAndre FORT Sigourney x55
ST asigourney @arielpa.com
22 [email protected]
F
MA
NH
T
[email protected]
ST
ME
Z
ES
N.END AV
TE RIVER
RRAY
ST
J
22
W RO
CITY CITY HALL CityOur Exclusive HALL For More Information Please Contact Sales Agents at 212.544.9500 I arielpa.nyc 2 3 U Michael A. Tortorici Mx13
GO NT
Chambers St
9 103
Park Place
MO
WORTH ST 15
22
S
22
22
A C
CHAMBERS ST 22
D MA
CHINATOWN
5
Chamber St
T
NS
ISO
CANAL ST
IN
3
2
A
RO
EB
ST
1
F
15
ER TH CA
Chambers St
PITT ST
20
BMCC
103
Y
A DW
ST
N ST
RISO
Z
22
East Broadway
S ER TG
Franklin St
FRA HAR
J
9
RU
1
ST NKLIN
Canal St
N Q Canal St
GRAND ST
ON INT
K ST
5
B D Grand St
ST
IC VAR
TRIBECA
6
R
14 A
CL
Canal St
Canal St
RY ST
ST
Canal St
LOWE EAST SID
Delancey St
Bowery
LITTLE ITALY
14 D
DELANCEY ST
M Essex St
BROOME ST
Z
ST
RIVINGTON
F
Z
LUDLOW ST
A C E
VEST
NELSON ROCKEFELLER PARK
J
Subject Property
ELDRIDGE
1 Canal St
J
ST
BROOME ST GRAND ST
ST
20
6
Spring St
ST
N R
ST ORCHARD
CANAL
ST E HOUSTON
SUFFOLK
ST
N
21
STANTON ST
NORFOLK
TON ING
20
SBS Southbound stop only
2 Avenue
ESSEX ST
H WAS Spring St
21 20
E 1 ST
B D BroadwayLafayette St F M
Prince St
SPRING ST
SP
9
F
SOHO
C E
ST RING
E 2 ST
6 Bleecker St
21
14 A
21
PRINCE ST
ERICAS
Houston St
14 D
E 3 ST
WHOSTON ST
HE AM
N ST STO 1
WHO
E 5 ST
CLINTON
T AV OF
21
Y ST
9
COLUMBIA
ST
Location Map
BLEECKER ST
E 4 ST
103
PL
SON
HUD
ST
GREENWICH VILLAGE
ST JAMES
Christopher St Sheridan Sq
RY
M W 4 St
1
8
E 7 ST
EAST VILLAGE
BOWE
8
101 102 5
T ERRY S
ST
THOMPSON ST
ER
H OP IST
B D F
SULLIVAN ST
1
Astor Pl
N R
WASHINGTON SQUARE NYU PARK
MAC DOUGAL ST
T 0S
ST MARKS PL
8
Broome Street THE COOPER UNION
6
8 St - NYU
5
3
E 10 ST
TOMPKINS SQUARE PARK
E 9 ST
8
MULB
A C E
14 D
8
E 8 ST
2
LA GUARDIA PL
8
6 AV
E
RL
HA
1
8
T SS
14 A
AVENUE D
W 8 ST
T
S RY
3
E 11 ST
AVENUE B
20
40
AVENUE A
W 9 ST
2
1
1 Avenue
ALLEN ST
PATH
14 St Union Sq
CENTRE ST
ST
AV
L
UNIVERSITY PL
CH
5 AV
WI
E 14 ST
L
15
3 Avenue
Union Sq
t
EEN
R
L
t
GR
N Q
L 6 Av
4 5 6 14 St
BROADWAY
3
15
14 A 14 D
ry Stree
214 St
1
STUYVESANT TOWN
ee Mott Str
PATH W 14 ST
L 8 Av
480
STUYVESANT SQUARE PARK
E 16 ST
Mulber
St
F M
7
3
9
1 AV
UNION SQUARE PARK
14 St
C E
E 18 ST
2
1
W 17 ST
23
9
Kenmare Street
103
4 AV
18 St
101 102
N S
E 20 ST
E 20 ST
LAFAYETTE ST
5
GRAMERCY
GRAMERCY PARK
E RIV
3
W 18 ST
23
PETER COOPER VILLAGE
RD
2
1
1
AY ADW
W 20 ST
BRO
7
W
23 St
North side of Broome Street between Mulberry Street 7and Mott Street 5 20
9
FD
FLATIRON DISTRICT
E 23 ST
BARUCH COLLEGE
E RIV
23 St
23
E 23 ST
Tax Map
1
6
PATH
ST MOTT
F M W 23 ST
Y BWA
C E
AT
B D
TA
NB
RID For Financing Info N Q G
SOUTH STREET
Paul McCormick x45 Jesse GreshinSEAPORT x5272 [email protected]
E
[email protected]
ST
NT S
PEA RL
T
T
ST
WATE RS
PEARL
GOLD ST
RRAE
PACE 22 VESEY STherein has either been given to us by the owner of the property or obtained from sourcesUNIV. The information contained that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, B necessarily OOKLrelate to actual vacancy, if any. The value of this prospective all zoning information, buildable footage estimates and indicated uses must be independently VacancySt factors used herein are an arbitrary percentage used only as an example, and does notR A verified. C Fulton WFC YTheNprospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. WORLD WORLD 20 BRIDG buyer should carefully verify each item of income, and all other information contained herein. January 17, 2017 11:26 AM E 4 5 Fulton St TRADE PATH IES TO BEW JERSEY FINANCIAL World Trade Center
10,730*
Buildable SF (as-of-right)
6,107
25.75' x 106.5'
Existing SF
Lot Dimensions
Little Italy Location
Ariel Property Advisors presents 378 Broome Street, a 25.75’ wide mixed-use conversion or development opportunity located in the heart of Little Italy between Mulberry and Mott Streets. 378 Broome Street currently consists of a three-story, 6,107 square foot structure that houses a sanctuary with high-ceilings on the ground floor and residential space on the 2nd and 3rd floors. The property will be delivered vacant, providing a unique opportunity for owner-users to capitalize on the neighborhood’s retail potential. Located in the Special Little Italy District, C6-2G zoning allows up to 10,730* buildable square feet, as-of-right, making it a rare ground-up development site in Lower Manhattan. Situated in an area that is popular with both local residents and visiting tourists, 378 Broome Street is surrounded by many restaurants, hotels, shopping and cultural amenities. The 6, J and Z subway lines are all a short walk away, providing easy access to the rest of Manhattan and the outer boroughs. Offering a prime retail location and development upside, 378 Broome Street presents owner-users, investors and developers with an outstanding opportunity to invest in Lower Manhattan.
Property Information Block / Lot Lot Dimensions Lot Size Zoning FAR Buildable SF Building Dimensions Existing SF Air Rights Assessment (16/17) Taxes (16/17)
480 / 40 25.75' x 106.5' (Irreg.) 2,617 C6-2G 4.10 10,730* 25.75’ x 106.5’ (Irreg.) 6,107 4,623 $474,390 $50,162
Sq. Ft. (Approx.) Special Little Italy District Sq. Ft. (Approx.) (as-of-right) Sq. Ft. (Approx.) Sq. Ft. (Approx.)
*Height and lot coverage constraints do not allow for the full utilization of all floor area generated by the site. A preliminary zoning study estimates the allowable buildable area to be 10,305 square feet. Please independently verify all estimated figures provided herein.
asking Price: $7,500,000 For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc Michael A. Tortorici x13 [email protected]
Shimon Shkury x11
[email protected]
Howard Raber, Esq. x23
[email protected]
Andre Sigourney x55
[email protected]
Jesse Greshin x5272 [email protected]
For Financing Info Paul McCormick x45
[email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. January 17, 2017 11:26 AM
RDEN
103
28 St
7 AV
1 28 St
W 28 ST
6
28 St
E 29 ST
M34A
E 28 ST
M15
N R
WATERSIDE PLAZA
FASHION E 26 ST 26 ST Street, New York, NY 10013 TITUTE OF378 WBroome MADISON CHNOLOGYPRIME LITTLE ITALY mixed-use development E 25 ST opportunity | FOR SALE SQUARE 23 St E 24 ST 34 A 3 St 23 St PARK
34 A
6 AV
T EAS
N R
PARK AV SOUTH
W 4 ST
W 3 ST 5
7 AV S
W BROADWAY
LAFAYETTE ST
CHURCH ST
W BROADWAY
Hall
[email protected]
ST T WES
2 AV
3 AV
AVENUE C
T
ST CHRYSTIE
asking Price: $7,500,000 BROOKLYN 4 5 6 BRIDGE
R
Shimon Shkury x11
S RY
K
R PA
T
YS RR
E CH
Howard Raber, Esq. x23 FRANKAndre FORT Sigourney x55
ST asigourney @arielpa.com
22 [email protected]
F
MA
NH
T
[email protected]
ST
ME
Z
ES
N.END AV
TE RIVER
RRAY
ST
J
22
W RO
CITY CITY HALL CityOur Exclusive HALL For More Information Please Contact Sales Agents at 212.544.9500 I arielpa.nyc 2 3 U Michael A. Tortorici Mx13
GO NT
Chambers St
9 103
Park Place
MO
WORTH ST 15
22
S
22
22
A C
CHAMBERS ST 22
D MA
CHINATOWN
5
Chamber St
T
NS
ISO
CANAL ST
IN
3
2
A
RO
EB
ST
1
F
15
ER TH CA
Chambers St
PITT ST
20
BMCC
103
Y
A DW
ST
N ST
RISO
Z
22
East Broadway
S ER TG
Franklin St
FRA HAR
J
9
RU
1
ST NKLIN
Canal St
N Q Canal St
GRAND ST
ON INT
K ST
5
B D Grand St
ST
IC VAR
TRIBECA
6
R
14 A
CL
Canal St
Canal St
RY ST
ST
Canal St
LOWE EAST SID
Delancey St
Bowery
LITTLE ITALY
14 D
DELANCEY ST
M Essex St
BROOME ST
Z
ST
RIVINGTON
F
Z
LUDLOW ST
A C E
VEST
NELSON ROCKEFELLER PARK
J
Subject Property
ELDRIDGE
1 Canal St
J
ST
BROOME ST GRAND ST
ST
20
6
Spring St
ST
N R
ST ORCHARD
CANAL
ST E HOUSTON
SUFFOLK
ST
N
21
STANTON ST
NORFOLK
TON ING
20
SBS Southbound stop only
2 Avenue
ESSEX ST
H WAS Spring St
21 20
E 1 ST
B D BroadwayLafayette St F M
Prince St
SPRING ST
SP
9
F
SOHO
C E
ST RING
E 2 ST
6 Bleecker St
21
14 A
21
PRINCE ST
ERICAS
Houston St
14 D
E 3 ST
WHOSTON ST
HE AM
N ST STO 1
WHO
E 5 ST
CLINTON
T AV OF
21
Y ST
9
COLUMBIA
ST
Location Map
BLEECKER ST
E 4 ST
103
PL
SON
HUD
ST
GREENWICH VILLAGE
ST JAMES
Christopher St Sheridan Sq
RY
M W 4 St
1
8
E 7 ST
EAST VILLAGE
BOWE
8
101 102 5
T ERRY S
ST
THOMPSON ST
ER
H OP IST
B D F
SULLIVAN ST
1
Astor Pl
N R
WASHINGTON SQUARE NYU PARK
MAC DOUGAL ST
T 0S
ST MARKS PL
8
Broome Street THE COOPER UNION
6
8 St - NYU
5
3
E 10 ST
TOMPKINS SQUARE PARK
E 9 ST
8
MULB
A C E
14 D
8
E 8 ST
2
LA GUARDIA PL
8
6 AV
E
RL
HA
1
8
T SS
14 A
AVENUE D
W 8 ST
T
S RY
3
E 11 ST
AVENUE B
20
40
AVENUE A
W 9 ST
2
1
1 Avenue
ALLEN ST
PATH
14 St Union Sq
CENTRE ST
ST
AV
L
UNIVERSITY PL
CH
5 AV
WI
E 14 ST
L
15
3 Avenue
Union Sq
t
EEN
R
L
t
GR
N Q
L 6 Av
4 5 6 14 St
BROADWAY
3
15
14 A 14 D
ry Stree
214 St
1
STUYVESANT TOWN
ee Mott Str
PATH W 14 ST
L 8 Av
480
STUYVESANT SQUARE PARK
E 16 ST
Mulber
St
F M
7
3
9
1 AV
UNION SQUARE PARK
14 St
C E
E 18 ST
2
1
W 17 ST
23
9
Kenmare Street
103
4 AV
18 St
101 102
N S
E 20 ST
E 20 ST
LAFAYETTE ST
5
GRAMERCY
GRAMERCY PARK
E RIV
3
W 18 ST
23
PETER COOPER VILLAGE
RD
2
1
1
AY ADW
W 20 ST
BRO
7
W
23 St
North side of Broome Street between Mulberry Street 7and Mott Street 5 20
9
FD
FLATIRON DISTRICT
E 23 ST
BARUCH COLLEGE
E RIV
23 St
23
E 23 ST
Tax Map
1
6
PATH
ST MOTT
F M W 23 ST
Y BWA
C E
AT
B D
TA
NB
RID For Financing Info N Q G
SOUTH STREET
Paul McCormick x45 Jesse GreshinSEAPORT x5272 [email protected]
E
[email protected]
ST
NT S
PEA RL
T
T
ST
WATE RS
PEARL
GOLD ST
RRAE
PACE 22 VESEY STherein has either been given to us by the owner of the property or obtained from sourcesUNIV. The information contained that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, B necessarily OOKLrelate to actual vacancy, if any. The value of this prospective all zoning information, buildable footage estimates and indicated uses must be independently VacancySt factors used herein are an arbitrary percentage used only as an example, and does notR A verified. C Fulton WFC YTheNprospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. WORLD WORLD 20 BRIDG buyer should carefully verify each item of income, and all other information contained herein. January 17, 2017 11:26 AM E 4 5 Fulton St TRADE PATH IES TO BEW JERSEY FINANCIAL World Trade Center
