45 Bleecker St, New York, NY 10012

43-49 Bleecker Street aka 1 Jones Alley (the “Property”), NoHo’s most prestigious redevelopment opportunity. The vacant, six-story art nouveau elevator building spans 44,205± square feet (51,500± rentable square feet) in the heart of one of Manhattan’s most sought-after neighborhoods. The vacant property features an impressive 85 feet of frontage on the north side of Bleecker Street between Lafayette Street and Bowery. This rare opportunity presents the ideal canvas for a residential conversion (subject to Special SoHo-NoHo Mixed Use District regulations) or the redevelopment of a Class-A office building. The Property features a rooftop deck with sweeping views of Manhattan, ~11-15-foot ceilings throughout, and abundant light and air on all four sides, thanks to its location facing Bleecker Street to the south, Jones Alley to the north, a three-story building to the west, and a four-story building to the east. There is also signage income from the west-facing wall. As it stands, the Property features retail space and a theatre with ~15-foot ceilings on the ground floor, loft-style floor-through offices on floors two through six, and an excavated 6,315-square-foot basement with ~10-11.5-foot ceilings throughout. For investors or a user considering an office redevelopment, 43-49 Bleecker Street offers an opportunity to add to the high-demand Class-A space that has attracted top-tier tenants in prime downtown locations. Just south of the property, at 300 Lafayette Street, Microsoft recently signed a lease for over 63,000 square feet at $160 per square foot. A few blocks north of the Property lie 51 Astor Place, 363 Lafayette Street, 799 Broadway, 770 Broadway, 809 Broadway, and 817 Broadway. Tenants at those buildings include IBM as well as an abundance of renowned private equity and venture capital firms. There has also been a rush of fashion and lifestyle brands moving to the area including Kith, On, Adidas, Equinox, and many more. For investors or a user considering converting the Property into residential condominiums or mega-mansions, the neighborhood has seen several successful developments and conversions that strongly support the economic viability of such a project. Average condominium sales at both 36 Bleecker Street and 40 Bleecker Street eclipsed $3,000 per square foot. One block south at 293 Lafayette Street, average sales exceeded $5,000 per square foot. Even though it is some of the most expensive housing in New York city, the demand for NoHo condominiums remains strong due to its vibrant retail and cultural scene. Potential residents or tenants will have access to world-class shopping and some of New York's finest and trendiest restaurants. In addition to renowned fashion brands, NoHo boasts a selection of Manhattan's top dining establishments, including Bond Street Sushi, Lafayette Grand Café and Bakery, Zero Bond, Temple Bar, il Buco, Fish Cheeks, Great Jones Distilling, Atla, The Nines, and many more. Furthermore, the Property is conveniently located directly next to the Bleecker Street subway station, which services the 6 train, and the Broadway-Lafayette Street subway station, which services the B, D, F, and M trains, providing immediate access to all of Manhattan and its surrounding boroughs. With its striking art nouveau façade, tremendous light and air, blank interior canvas, and exceptional location, 43-49 Bleecker Street offers Manhattan’s greatest investment or user redevelopment opportunity available for sale today.