This Multifamily Property is Off-Market.

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

5 Units · Multifamily For Sale

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5-STORY LOWER EAST SIDE LOFT CONVERSION

Price N/A Property Use Type Investment
No. Units 5 Cap Rate 3%
Building Size 6,875 SF No. Stories 5
Property Type Multifamily Lot Size 1,375 SF
Property Sub-type Mid/High-Rise APN / Parcel ID 10107
Listing ID: 17563133 Date Created: 03/07/2012 Last Updated: 02/12/2013

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.

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

Research

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

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