Located between John St and Maiden Lane in the Financial District this iconic 5 story building features a 5-story 3-bay Italianate style cast iron facade. Currently vacant, this is an excellent mixed use renovation opportunity. The building is one of the oldest surviving cast iron fronted buildings in the city and one of very few in Lower Manhattan. The third floor still features the 2 original bas-relief medallions of Benjamin Franklin by James Bogardus. This is one of only five known Bogardus buildings in the US. Built in 1844, it was designated a NYC landmark in May 2007. Will be delivered vacant with C5-5 Zoning allowing renovations and improvements to begin immediately. This zoning allows both Residential and Commercial uses. Air rights are also included with a residential FAR of 10.0 and commercial FAR of 15.0. Total buildable SF is 10,650 Residential and 15,967 Commercial. 5-Story walk up. Approx 4905 SF on Floors 1-5. Approximately 1065 SF below Grade. Built in 1844. Landmarked in 2007. 4 Floors of office or residential space on floors 2-5. Ground floor and basement is an ideal retail or restaurant space. Pro-forma NOI of approximately $320,000 allows an exceptional and uncommon CAP rate of over 8%! Within one block to the Fulton St Subway Station with access to the 2,3,4,5, J, Z, R, W, A, C subway lines. *Interior Photos attached have been digitally enhanced*
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.
