161 Avenue A, New York, NY 10009

East Village, New York, New York 10009

Bid Deadline October 30th

Listing ID Number

25662

Property Description

The building is currently configured as a 7 story walk up building and features and expansive 119’ of frontage on East 10th Street and 71.25’ along Avenue A. The 9,067-square foot (119’ x 102.21’ IRR.) lot is split zoned as R7A/R8B with a commercial C2-5 overlay – commercial FAR 2.0, Residential FAR 3.45/4.0, with IH 4.6 community facility 4.0. The building will be delivered vacant making for an ideal conversion opportunity or continued educational/recreational use by an end user.

The 50,000-square foot building is comprised of classroom, office, gymnasium, auditorium, music studios, recreational and pool space. Every floor boasts 10’+ ceilings with many touting double height ceilings. The concrete slab construction enables virtually beamless floor plates and allows for large open rooms.

The East Village is home to a number of newly completed condo and rental developments. Many of which has already been absorbed by neighborhood demand or sold before building completion. The Steiner at 437 East 12th Street, The Jefferson on 211 East 13th Street and 100 Avenue A are among many of the condo developments that are rapidly selling in the neighborhood. The location also provides ample transportation via CitiBike, Subway lines 4, 5, 6, N, Q, R, W, L & F and M8 & M21 bus service for easy access to the entire city and multiple boroughs.

Overview

Building Type:Development/Conversion Sites

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Michael Gembecki
Director
(212) 660 7743
michael.gembecki@cushwake.com

Alessandra Faglione
Associate
(212) 660-7722
alessandra.faglione@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.