Historical Multifamily Sale Listing - 5-STORY LOWER EAST SIDE LOFT CONVERSION

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5-STORY LOWER EAST SIDE LOFT CONVERSION

55-57 Canal Street AKA 11-13 Orchard Street, New York, NY 10011

N/A

5 Units | Multifamily

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55 Canal Street - Property for Sale - Exclusive ERG Property Advisors

Multifamily Property - Off Market

Price:
N/A
No. Units:
5
Building Size:
6,875 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
3%
No. Stories:
5
Lot Size:
1,375 SF
APN / Parcel ID:
10107
Listing ID
17563133
Last Updated
over 1 year ago

Highlights

  • NN Lease tenant with a lease expiration on December 31st, 2012
  • additional 1,403 Square feet of air rights available for further development
  • full basement
  • Elevator

Description

The subject property is a 5-story, elevatored loft building with a full basement located on the North-West corner of Canal Street and Orchard Street. The building is currently occupied with a NN Lease tenant with a lease expiration on December 31st, 2012. The property will need total gut renovation. There is an additional 1,403 Square feet of air rights available for further development. The property is located on an excellent corner on the Lower East Side. It benefits from great light and air and superb retail visibility.

Lower East Side - North West Corner of Orchard & Canal Streets. The property is located on an excellent corner on the Lower East Side. It benefits from great light and air and superb retail visibility.

Map of 55-57 Canal Street AKA 11-13 Orchard Street, New York, NY 10011 (New York County)

Research for 55-57 Canal Street AKA 11-13 Orchard Street, New York, NY 10011 (New York County)

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Created 3/7/2012