Amazing opportunity to own property in one of the most sought-after areas in New York City! Located right in the center of Chinatown and the Lower East Side, right on coveted Canal Street. 42-44 Canal Street is located in the borough of Manhattan. A hub for artists?, businesses, and creative minds. The Front Brick building consists of five, two-bedroom units. Two office spaces: one currently occupied by a spa and two commercial spaces currently occupied by FMN Restaurant & Bar and a Jerky Shop. All residential units are free market and on a month-to-month basis. None of the units are rent-stabilized. The property is well maintained and managed for many years by the same owner, who is ready to pass down the torch. This property is in great condition. It is a 6 story building with 2 units per floor. It also includes a full and finished spacious basement that is currently used for storage. Conveniently Located near public transportation, highways, trendy stores and shops, many restaurants, parks, citibike stations and so much more. The seller is highly motivated to sell. All reasonable offers will be considered. Property description: Mixed-Used Building 5 Family Free Market -No rent-stabilized - (2 bed, 1 bath units)? 2 Retail/Office Spaces? 2 Commercial Spaces? Large Finished Full Height Basement with full bathroom This once-in-a-lifetime opportunity is a mixed-use developer's dream come true! This building is an excellent prospect in terms of maximum ability. Opportunities for investment or end-use cover commercial and residential. Tax Class: 2B Property Tax: 64,535 Lot sq ft: 938 Lot Dimensions: 44.67 x 21ft Zoning: C6-2 Building sq ft: 4,800 Built: 1910 residential sq ft: 3,880 Average size of residential units: 647 sqft Retail sq ft: 920 Unused FAR: 844 sq ft Financials furnished upon request.
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