$11,500,000
$11,500,000
For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
5 Baths
7,800 SqFt
SOLD DATE : 01/17/2020
Key Details
Sold Price $11,500,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,800 sqft
Price per Sqft $1,474
Subdivision Tribeca
MLS Listing ID OLRS-0068520
Sold Date 01/17/20
Style Prewar
Bedrooms 2
Full Baths 4
Half Baths 1
HOA Y/N No
Year Built 1910
Property Description
For the first time in decades this 5-story, 25 ft wide building, located on the best block in the Church Street corridor of East Tribeca, will be DELIVERED VACANT.
CURRENT BUILDING: 7800 sf + 1800 cellar (approx). The ground floor, with almost 12 ft ceilings, is prime for a new high-end retail or restaurant to take advantage of local foot traffic along Church Street. Comparables on the block leased for $250 per sf. The 2nd and 3rd floors have recently been white-boxed for office space, with new electrical, HVAC, and windows. The 4th and 5th floor duplex residential unit has 2 bedrooms and 2.5 bathrooms, 11 ft ceilings, and a rooftop terrace. It has been smartly renovated recently with new floors and bathrooms. The cellar is 1800 sf (not included in the sf) with over 8 ft ceilings. The commercial-grade elevator services the cellar up to the 5th floor. The building can be leased out from day 1 of ownership.
CONCEPTUAL RENDERINGS: 10,050 sf (approx) The renderings depict a completely reimagined building with a mansion on the roof! This elegant mansion is approximately 3000 sf, spans the 5th, 6th, and 7th floors, and is terraced on each floor, including the master bedroom level on the top floor. The design creates a warm, private respite, while paying homage to the existing architectural elegance of the building. Contact your architect for further details and feasibility. Are you a business owner? The current setup, with recent renovations, is perfect to use the first 3 floors as retail/office space and move into the duplex in the upper floors. Looking for a development opportunity? The conceptual renderings present one potential way to make use of the remaining 3,342 sf of unused air rights. Each floor can be converted to a floor-through 2BR residential condo, due to the width of the building, allowing for 2BR condos on floors 2-4 and an elegant penthouse mansion on floors 5-7. Setup and renderings available upon request. Showings by appointment.
Location
State NY
County Newyork
Building Detail https://www.elegran.com/nyc/buildings/273-church-st&sold-listing=true
Interior
Equipment Intercom
Fireplace No
Exterior
Exterior Feature Building Roof Deck
View Y/N Yes
View City
Porch Building Patio, Building Terrace, Patio, Terrace
Private Pool No
Building
Story 5
Others
Pets Allowed Pets Allowed
Pets Allowed Building Yes, Yes
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
RLS Data display by Elegran | Forbes Global Properties