43 Crosby Street - Delivered Vacant

SoHo, New York, New York 10012

Listing ID Number

25333

Property Description

Retail Highlights

Crosby Street is one of the most recognizable streets in SoHo with some of the most recognizable brands and hottest new labels lining the cobblestone street. Currently occupied by Gotham Gym, the ground floor retail space offers both security and flexibility to the new owner, allowing them to either extend the current lease of the fitness concept or replace with a new tenant.

Residential Highlights

Currently comprised of three full floor-through lofts and a duplex penthouse, the upper floors of 43 Crosby Street offers investors the flexibility to keep as residential or use as office. The units are recently renovated and allow for a quick and easy conversion to luxury condos. The building has a new C of O allowing residential without requiring artist certificates. Alternatively, the building presents a prime opportunity for a buyer looking to occupy one of the units for personal residence while simultaneously generating rental income on the others. The penthouse unit is designed by star architect Tadao Ando and features multiple skylights and two roof decks. Each unit has direct access to the elevator and is complete with condo-level finishes.

Overview

Building Type:Apartment Buildings, Commercial Buildings, Mixed-Use Investment Buildings, Mixed-Use User Buildings, Special Use, Townhouses
Block/Lot:482/2
Lot Dimensions:25.08 x 100
Stories:6
Units:5
Residential Units:4
Commercial Units:1
Zoning:M1-5B
FAR:5.00
Assessment Value:$1,105,393
Taxes:$142,507
Building Sq Ft:13,500

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

James P. Nelson
Vice Chairman
(212) 660 7710
james.nelson@cushwake.com

Robert Burton
Senior Managing Director
(212) 660 7770
robert.burton@cushwake.com

Keegan Mehlhorn
Associate Director
(212) 660 7718
keegan.mehlhorn@cushwake.com

Mitchell Levine
Director
(212) 660 7761
mitchell.levine@cushwake.com

Bobby Carrozzo
Senior Associate
(212) 589 5118
bobby.carrozzo@cushwake.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.