Description

HOTEL DEVELOPMENT SITE (approx 75 rooms projected) Other possibilities include office building or condo/loft conversion with retail space for restaurant , gallery etc.

This is a RARE OPPORTUNITY to own a PRE WAR, FREE-STANDING CORNER BUILDING WITH PARKING and AIR RIGHTS!
The building will be delivered vacant
4 STORIES
Zoning C-61
Max allowed Far 6
FAR as built 2.35
Maximum usable floor area 31,776
BUILDING 12,464sf
RETAIL 3,600
CURRENTLY USED FOR STORAGE) 8,864

37 X 81 BUILDING SIZE
LOT SIZE 51 x 96
PARKING LOT ON SITE
2 ELEVATORS
OWNER WILL CONSIDER FINANCiING

The Lower East Side is where Classic Architecture meets Contemporary Art and where Vintage meets Vogue. It encompasses and neighbors some of the most exciting and versatile neighborhoods in the world including Chinatown, Little Italy, Nolita The East Village, the South Street Seaport and Two Bridge areas. The area is diversified with a variety galleries, restaurants, bars and boutiques and attracts a diverse, trendy crowd. The location is convenient and assessable with the FJMZ trains only one block away. The subject property is in close proximity to the Seward Park Urban Renewal Area (SPRUA) project. These sites have the opportunity for up to 1.6 million square feet of mixed use development through a hybrid approach to urban design, the SPURA project intends to revitalize the area and spark additional development and business relocation. By fostering a thriving streetscape conducive to a pedestrian-centric development, SPURA hopes to achieve density and form of buildings, maximize the human scale and streetscape, and allow for a variety building uses.