Development for Sale, Manhattan, New York, USA
Summary
Price: $67,000,000 Ref: 800
New York Development/Land Investment Opportunity of 108,500 square feet in the neighbourhood of Tribeca, one of the most desirable residential neighourhoods in Manhattan. All necessary landmarks and approvals have been granted to begin construction.
- Great Investment Opportunity
- Manhattan Neighbourhood
Full Description
Price: $67,000,000 Ref: 800
New York Development/Land Investment Opportunity of 108,500 square feet in the neighbourhood of Tribeca, one of the most desirable residential neighourhoods in Manhattan. All necessary landmarks and approvals have been granted to begin construction.
The property consists of twp buildings: an existing 6-story, 58,500 square foot warehouse and a 1-story parking garage with 50,000 square feet of zoning floor area buildable above grade for a total of approximately 108,500 square feet. Both buildings will bedelivered vacant. All necessary landmarks and approvals have been granted to begin construction.
Plans have been approved for a 36 unit residential condominium project with retail space at grade level and 12 parking spaces below grade. The plans call for the restoration of the original terra cotta detailing and the addition of a penthouse to the existing structure.
A renowned architect designed a building for the parking garage site that would be an exact likeness of the warehouse next door, except it would be made out of aluminium and have 32 condos inside.
The plans call for two adjacent warehouse buildings, idential but for the aluminium-sheathed facade of one of the buildings which is to be built from the ground-up on the site of the existing garage.
The buildings would contain 18 high-end condos each, plus 11,000 square feet of retail on the ground floors and a shared interior courtyard.
Constructed in 1906, the Neo-Renaissance loft building was built as a storage house for coffee and tea.
One of the buildings is to be redeveloped into 18 high-end lofts and for constructing 18 additional units in a miror image of the existing building as a ground-up development.
The adjoining structure will mimic the detailed historic facade, but will be rendered in an aluminium panel skin with a plasma finish. The two buildings will share an inner courtyard and lobby and contain approximately 11,000 square feet of retail space at grade.
The existing 6-story building has high ceilings and an architecturally significant facade. The property is in one of the most desirable neighbourhoods in Manhattan and sits on a beautiful cobble stone street. Floor plates are large and the building benefits from protected light and air. Ceiling heights range from 10 feet to 13 feet. The building contains two elevators and a new roof was installed three years ago.
Once complete, the lofts, each with 10 - 13 foot ceilings, would be priced at between $1,900 and $1,950 per square foot.
Map
Floor Plans
Room Sizes
Make An Enquiry
- Tel:+44 (0) 7802 748 123
- info@petravillas.com