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357 Bowery 4 Unit Apartment Building For Sale New York, NY 10003
INVESTMENT HIGHLIGHTS
- Designed by prominent German architect Carl Pfeiffer and built in 1870
- C6-1/R7-2 provides with approximately 4,325 buildable square feet of transferrable development rights (“air rights”).
EXECUTIVE SUMMARY
Ariel Property Advisors presents 357 Bowery, a rare mixed-use conversion opportunity with development rights at the epicenter of Manhattan’s thriving Noho East Village neighborhoods.
Located between East 3rd and East 4th Streets, 357 Bowery is a 24.33’ wide mixed-use building spanning 4 stories above grade, a cellar and a sub-basement. The gross area is approximately 5,647 above-grade and 7,316 sq. ft. including the cellar space.
The unit mix currently consists of retail on the 1st floor & cellar and 3 floor-through apartments above, which is broken down as follows:
• Retail unit measures approximately 3,338 sq. ft. 1st /cellar. Additional space available in the sub-cellar
• Floor-through residential apartments on the 2nd and 3rd floor are currently occupied and subject to rent stabilization
• Remaining floor-through apartment on the 4th floor is currently vacant
Built in 1870 by a prominent German-American architect, the property’s unique history led the Landmarks Preservation Commission to designate the building as a historical landmark in 2010. Notably, the building was a long-time home of famous artist American psychic, Ingo Swann.
C6-1/R7-2 provides with approximately 4,325 buildable square feet of transferrable development rights (“air rights”).
357 Bowery represents a premier opportunity for owner-users, high-end converters or assemblage-oriented developers seeking property in one of Manhattan’s most desired neighborhoods.
Located between East 3rd and East 4th Streets, 357 Bowery is a 24.33’ wide mixed-use building spanning 4 stories above grade, a cellar and a sub-basement. The gross area is approximately 5,647 above-grade and 7,316 sq. ft. including the cellar space.
The unit mix currently consists of retail on the 1st floor & cellar and 3 floor-through apartments above, which is broken down as follows:
• Retail unit measures approximately 3,338 sq. ft. 1st /cellar. Additional space available in the sub-cellar
• Floor-through residential apartments on the 2nd and 3rd floor are currently occupied and subject to rent stabilization
• Remaining floor-through apartment on the 4th floor is currently vacant
Built in 1870 by a prominent German-American architect, the property’s unique history led the Landmarks Preservation Commission to designate the building as a historical landmark in 2010. Notably, the building was a long-time home of famous artist American psychic, Ingo Swann.
C6-1/R7-2 provides with approximately 4,325 buildable square feet of transferrable development rights (“air rights”).
357 Bowery represents a premier opportunity for owner-users, high-end converters or assemblage-oriented developers seeking property in one of Manhattan’s most desired neighborhoods.
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 4 | Lot Size | 0.04 AC |
| Property Type | Multifamily | Building Size | 7,316 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1870 |
| Zoning | C6-1 - Commercial district predominantly residential in character | ||
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 7,316 SF |
| No. Stories | 4 |
| Year Built | 1870 |
| Zoning | C6-1 - Commercial district predominantly residential in character |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 0459-0007 | Improvements Assessment | $539,021 CAD |
| Land Assessment | $69,371 CAD | Total Assessment | $608,391 CAD |
PROPERTY TAXES
Parcel Number
0459-0007
Land Assessment
$69,371 CAD
Improvements Assessment
$539,021 CAD
Total Assessment
$608,391 CAD
(212) 544-9500
x13
CONTACTS
-
Michael Tortorici -
Howard Raber, Esq. -
Paul Monaco -
Ariel Property Advisors
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357 Bowery
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