$22,000,000
Updated 11 years ago
Off Market

140-142 Bowery

Little Italy, Manhattan | Broome Street & Grand Street

Development Site

$22,000,000
Building TypeDevelopment Site

Building Amenities

  • Elevator

Property Description for 140-142 Bowery

Prime development site for sale! This property consists of two adjacent vacant commercial properties that are in the process of being demolished. WIth a combined lot area of 5,199sf, 140 Bowery (2,537sf) and 142 Bowery (2,662sf) is prime for commercial and/or residential development. The zoning is C6-1G and the parcels of land lie within the Special Little Italy Zoning District (SLID). This zoning allows for an FAR of 6.0 (commercial) or 3.44 (residential). Due to the site being located in a SLID Area C zone, there is a 85'' height limit. The maximum buildable sf assuming an FAR of 6.0 (commercial) is 31,194 buildable sf.

The Subject property is located along the strip of Bowery that is undergoing rapid gentrification. This site is within walking distance of B,D,J,6,N,R,Q trains. It provides easy access to all parts of the city and is just a block from prime Soho and Lower East Side. With the influx of new museums, restaurants, hotels and retail on Bowery, this parcel of land is poised to be one of the candidates for prime development.

140 Bowery: 2537sf (26.58ft x 98.33ft)
142 Bowery: 2662sf (26.67ft x 102.33ft)

Listing History for 140-142 Bowery

Now
04/30/2014
POM by Matthew Hars
Manhattan Spaces
01/30/2014
TOM by Matthew Hars
Manhattan Spaces

Building Details for 140-142 Bowery

OwnershipDevelopment Site
Building TypeDevelopment Site
Learn More About the Building

Contact Agents

Contact Agents

Matthew Hars
Manhattan Spaces
Kent Wu
Manhattan Spaces

Little Italy | Manhattan

Quick Profile

It’s fitting that the neighborhood’s name is Little Italy because It’s been getting smaller for decades. The Italian immigrants that flooded New York City and built the vibrant ethnic enclave in the 1860s and 1880s eventually left for greener pastures, assimilating into other parts of the city or suburbs. The disappearance of Little Italy is a sad story as far as neighborhoods go, but it’s one that should be told. 

Little Italy once spanned 50 square blocks and represented the biggest population of Italian immigrants in America. But in recent years, it’s been squeezed by the growth of Chinatown and SoHo and muscled from the rebranding of other neighborhoods like NoHo and NoLIta. In fact, NoLita was the culprit that cut the neighborhood in two. Little Italy’s boundaries may vary depending upon who you ask. Today it’s down to just a few blocks along Mulberry Street. 

One of the best ways to experience Little Italy is through its food. Take your pick from mom-and-pop markets, meat and cheese shops, or authentic sit-down restaurants that offer the very best in Italian cuisine. 

Every September (since 1926), the neighborhood hosts the Feast of San Gennaro, which celebrates the patron Saint of Naples Italy. 11 days of food, colorful parades, music performances, and more food. The aroma of zeppole and grilled sausage can be smelt for blocks. Try planning your visit around this festive time. It’s well worth it. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 52626TH