180 Bowery, New York, NY 10012

NoLIta, New York, New York 10012

$21,500,000  

Listing ID Number

25499

Property Description

Cushman & Wakefield has been exclusively retained to arrange for the sale of 180 Bowery, a 3-story restaurant supply store located on the west side of Bowery between Kenmare and Spring Streets.

The space features 50’ of frontage along the Bowery — a burgeoning strip of new development within the past few years. The property is a prime development opportunity within the C6-1 zoning
district. The lot allows for a maximum lot coverage of 100% on the ground floor and 70% thereafter. The maximum allowable height within the Special Purpose district is the lesser of 85’ or 8 stories above curb level.

Overview

Building Type:Development/Conversion Sites
Location:West side of Bowery between Spring Street and Kenmare Street
Lot Dimensions:50.17 x 100
Lot Sq Ft:5,000
Buildable Sq. Ft:30000
Zoning:C6-1
FAR:6
Residential FAR:3.44
Taxes:$157,979

Summary

Price Per Buildable Sq Ft:$717

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

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

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