54 -56 Third AvenueEast Village, NYC / $15,500,000
Solid Income & Development Opportunity!
Situated in the heart of one of the most vibrant NYC neighborhoods on Third Ave between 10th and 11th streets-surrounded by NYU, Cooper Union, amazing restaurants, and iconic theaters and performance spaces-this location is always buzzing. The building has a 31.5-foot wide front and great existing as well as future solid income. There is over 13,500 sq ft of unused FAR, which gives a tremendous opportunity for new development. Well-built as a solid structure in red brick in 1901, it is updated with separate gas meters. The ground floor at 2,650 SF is a well-established and very busy Japanese's restaurant with a large basement. The second floor has approx. 2,000 SF with a terrace and the third floor has approx. 2,000 SF with roof deck use. There are many public transportation options at 14th Street and Astor Place just 2-3 blocks away, and three bus lines stop right in front of the building. The Smith Restaurant & Bar is across the street and Shake Shack is on 3rd Ave and 8th Street. The AMC movie theatre is right on the next corner. This fabulous opportunity rarely comes available to the market.
Web #: 19610436
Location: East Village, NYC
Real Estate Tax: $70,884.00
Mortgage Calculator Property Type: Townhouse