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.)
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