Welcome to the NEW LOWER EAST SIDE in between Brand New Hi End Hotel's, New Condominiums, Fantastic, hip, new restaurants and boutiques. Imagine a Brand New fabulous Elevated Mansion, 3 floors, appr, 25 ft wide. and approximately 5,600 sq ft., Possible to go up to 6 floors with roof deck. Currently configured as Ground floor Commercial space 2,300sf and 2 renovated residential apartments of approximately 1,600sf. 2 Residential units producing: $5,500.00 and $5,800.00 $11,300mo. Ground Floor Commercial: 5 year lease $12,500mo. Total Income: $23,800year. Total Square Footage Possible: 9,782 FAR . Taxes are currently $60,000 annually but can be split 50/50 with future Commercial Occupant. Price Per Square Foot at $6,750,000 acquisition cost: $690 PSF. Price for new construction on Orchard Street $2,100PSF (196 Orchard Street.)
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
