341 Lafayette Street, New York, NY 10012

NoHo, New York, New York 10012

$5,950,000  

Listing ID Number

19315

Property Description

This property is a 29'6" by 100'3" corner building in the NoHo section of Manhattan. It consists of 3 stories and a basement. The building lies in the NoHo Historic District and has large floor plates which are currently divided into smaller units throughout. It is located in a submarket which currently commands in excess of $200/NSF for retail. Moreover, the property sits at the entrance to the Bleecker Street stop on the 6 train. Retail demand is high along this coveted stretch of NoHo which houses such notables as Rogan, Billy Reid, John Varvatos, Urban Outfitters, Puma and Blue & Cream. The property also benefits from its proximity to the high end developments at 25 Bond Street, Cooper Square Hotel, Ian Schrager’s 40 Bond Street, and the Bowery Hotel as well as NYU. This building will be delivered vacant. It has potential for a future live-work conversion which would benefit from 6,526 SF of air rights. The building has significant structural issues which are addressed in a report, please request a confidentiality agreement to learn more.

Overview

Building Type:Commercial Buildings, Development/Conversion Sites, Mixed-Use Investment Buildings, Mixed-Use User Buildings

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

James P. Nelson
Partner
(212) 696-2500 x 7710
jnelson@masseyknakal.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.