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55 Pitt St 0.05 Acres of Commercial Land Offered at $2,600,000 in New York, NY 10002
Investment Highlights
- 12,750 buildable SF as of right for residential development, additional FAR with City of Yes
- Long term ownership
- Located in prime Lower East Side close to subways, retailers and near luxury condo developments
Executive Summary
One-story vacant retail building for development
Located at Lower East Side neighborhood, between Delancey and Rivington Streets, on the same block as the River Ridge Condos and 206-210 Delancy Street which is a twelve-story luxury condo apartment building.
The property is close to all modes of transportation and retail stores on Delancey and Clinton Streets.
2,118 square feet irregular lot that allows up to 12,750 buildable square feet as of right, with opportunity to build numerous apartments with great sunlight and views.
Zoning is R8A: 6.02 FAR as of right & 7.2 with City of Yes
Current building was constructed in 1915 and altered in 1989
Located at Lower East Side neighborhood, between Delancey and Rivington Streets, on the same block as the River Ridge Condos and 206-210 Delancy Street which is a twelve-story luxury condo apartment building.
The property is close to all modes of transportation and retail stores on Delancey and Clinton Streets.
2,118 square feet irregular lot that allows up to 12,750 buildable square feet as of right, with opportunity to build numerous apartments with great sunlight and views.
Zoning is R8A: 6.02 FAR as of right & 7.2 with City of Yes
Current building was constructed in 1915 and altered in 1989
Property Facts
| Price | $2,600,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Storefront, Retail or Residential |
| No. Lots | 1 | Total Lot Size | 0.05 AC |
| Zoning | R8A - Residential 6.02 City of Yes 7.2 Community 6.50 | ||
| Price | $2,600,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Storefront, Retail or Residential |
| Total Lot Size | 0.05 AC |
| Zoning | R8A - Residential 6.02 City of Yes 7.2 Community 6.50 |
1 Lot Available
Lot 1
| Price | $2,600,000 | Lot Size | 0.05 AC |
| Price Per AC | $52,000,000.00 |
| Price | $2,600,000 |
| Price Per AC | $52,000,000.00 |
| Lot Size | 0.05 AC |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (97)
Property Taxes
| Parcel Number | 0343-0066 | Improvements Assessment | $163,890 |
| Land Assessment | $98,100 | Total Assessment | $261,990 |
Property Taxes
Parcel Number
0343-0066
Land Assessment
$98,100
Improvements Assessment
$163,890
Total Assessment
$261,990
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55 Pitt St
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