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$12,000,000 Active

Bowery
Manhattan, NY 10002

Commercial Listing
20,427 sq ft
Property Photo

Description

MANHATTAN CMM140905 The Building is a prime development site located on the East side of Bowery between Grand and Broome Streets. The property was recently demolished and the foundation for the new development has recently been installed. There are DOB approved plans and permits issued for a 20,427SF building (including cellar), consisting of an 8 story commercial loft building with retail on the ground floor. The Bowery was recently added to the State Register of Historic Places, an important step towards being added to the National Register of Historic Places. Both lists indicate the likelihood of the Bowery's future Landmarking and potentially being designated a historic district, which will have no effection the current development but will limit the development of the surrounding buildings. ICAP tax benefits have been applied for and the New York City Department of Finance has verified that the application is approved. The property will receive an annual abatement of approximately $72,000 over a 10-year period starting in mid 2013. The development of this property would be ideal for a commercial user, non-profit institution or investor. Delivery Vacant. Owner Finance.

Features

  • Basement: Yes
  • Building Size: 25 x 100
  • Elevator: Yes
  • List Date: 09/05/2014
  • Lot SF: 2,500
  • Lot Size: 25 x 100
  • Retail SF: 2,500
  • Story: 8
  • Year Built: 2015
  • Zoning: C6-1G

Courtesy of:

agent photo
Kinyu Realty Corp.
2 Allen Street 3/F 
New York, NY 10002
Phone: 212-349-6800
Fax: 212-349-5050
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In all our dealings with Realtors over the past ten years, we have never met anyone as kind, helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced, caring Realtor who gets things done! Thanks for taking such good care of us! Bryan & Yvonne Carpenter, New York, New York
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2 Allen Street 3/F - NYC NY 10002
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