See all 21 photos
21 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listing Courtesy of Compass
$12,950,000
Est. payment /mo
7 Beds
5 Baths
9,600 SqFt
UPDATED:
01/07/2025 10:31 PM
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 9,600 sqft
Price per Sqft $1,348
Subdivision Tribeca
MLS Listing ID COMP-1629198937302054129
Bedrooms 7
HOA Y/N Yes
Year Built 1910
Annual Tax Amount $137,604
Property 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.
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.
Location
State NY
County Newyork
Interior
Furnishings Unfurnished
Fireplace No
Laundry See Remarks
Exterior
Private Pool No
Building
Dwelling Type Multi Family,Mixed Use,Townhouse
Story 4
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $11, 467
Pets Allowed Building No, Cats OK, Dogs OK
Read Less Info
RLS Data display by eXp Realty
GET MORE INFORMATION
Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716