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215 Henry St - 215 Henry Street 0.05 Acres of Commercial Land Offered at $3,550,000 in New York, NY 10002
INVESTMENT HIGHLIGHTS
- Development Site on Lower East Side
- 7,400 Buildable Square Feet
- 25 Feet Wide with Curb Cut
- Near One Manhattan Square, Essex Crossing & East Broadway Subway
EXECUTIVE SUMMARY
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,550,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.05 AC |
| Zoning | R7-2 - Medium density residential | ||
| Price | $3,550,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.05 AC |
| Zoning | R7-2 - Medium density residential |
1 LOT AVAILABLE
Lot
| Price | $3,550,000 | Lot Size | 0.05 AC |
| Price Per AC | $71,824,545.79 |
| Price | $3,550,000 |
| Price Per AC | $71,824,545.79 |
| Lot Size | 0.05 AC |
Property: Vacant Land Use: Parking Lot for Ownership Block & Lot: 286-4 Lot Dimensions: 25 x 85 Residential FAR: 3.44 Maximum Usable Floor Area: 7,406
DESCRIPTION
Marcus & Millichap is the exclusive sales broker for 215 Henry Street, a vacant lot between Clinton and Montgomery Streets on the Lower East Side. The subject property is vacant land and is currently being used as a parking lot for ownership. The lot measures 25 feet by 85 feet and is zoned R7-2 (maximum 3.44 floor area ratio); it has 7,406 square feet of unused development rights and a curb cut. The property is neither landmarked nor in a historic district. The subject property is three blocks from the East Broadway F-train station and one block from Gouverneur Hospital, the largest freestanding ambulatory care center in New York State serving 50,000+ patients a year. The subject property is a short distance from Essex Crossing, a major mixed-use development, and One Manhattan Square, a recently built 815-unit condominium tower. Both of these economic drivers have brought thousands of new residents and consumers to this rapidly modernizing section of the Lower East Side.
PROPERTY TAXES
| Parcel Number | 0286-0004 | Improvements Assessment | $0 |
| Land Assessment | $525,780 | Total Assessment | $488,700 |
PROPERTY TAXES
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215 Henry St - 215 Henry Street
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