Description

PRIME TRIBECA DEVELOPMENT OPPORTUNITY...

Rare offering of a 5-story, 25 ft wide building, located on the best block in the Church Street corridor of East Tribeca, and can be an income producing property or converted to a development. CURRENT BUILDING: 7800 sf + 1800 cellar (approx). The ground floor, with almost 12' ceilings, is prime for a new high-end retail or restaurant to take advantage of local foot traffic along Church Street.

The 2nd and 3rd floors are currently used as office space, with new electrical, HVAC, and windows. The 4th and 5th floor triplex residential unit with private terrace has 3 bedrooms and 2.5 bathrooms, and voluminous 11' ceilings and is currently leased and operated by Rove Travel.

It has been smartly renovated recently with new floors and bathrooms. The cellar is 1800sf with over 8' ceilings. The commercial-grade elevator services the cellar up to the 5th floor.

The building can be leased out commercially or as a mixed use property. The building is currently built to an FAR of 4.14 with an allowable FAR of 6.5 to create a building up to 10,000sf+ with approximately 3,342sf of unused air rights. Contact your architect for feasibility and further details. This is a unique opportunity for a discerning investor in a location with high upside potential. Listing courtesy of Compass ...
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