357 Bowery, New York, NY 10003

PRO

NY 401085153

NY 10301207839

NY 49sh1071833

Listed by Ariel Property Advisors

Unpriced

559 days on market

Updated 93 days ago

357 Bowery

Details

Property Type

Mixed Use

Square Footage

7,316

Units

Year Built

1870

Stories

Lot Size (SqFt)

1,669

Zoning

C6-1 (R7-2 Equivalent)

For Sale

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.