58 Orchard Street is a 25 foot wide mixed use 6 story building with 16 residential apartments and 4 commercial units. The building was built in 1910 and has a gas boiler, all units are metered separately for electricity. The residential units are all rent regulated apartments, the total income for this property is $156,280 per year.
Located on Orchard Street between Grand and Hester Streets this property is in the heart of the Lower East Side. This rapidly developing vibrant neighborhood features trendy cutting edge restaurant and retail as well as excellent public transportation and intimate neighborhood parks.
Property Details include the following:Block & Lot: 00309, 0008Zoning District: C6-2Building Class: C7Lot Size: 25 x 87Building Size: 25 x 73Year Built: 1910Stories: 6 Commercial Units: 4Residential Units: 16 (Rent Regulated)Real Estate Taxes: 2018 - $52,395
Quick Profile
Bursting with energy at every turn, the Lower East Side is one of the most historic neighborhoods in all of Manhattan. Rooted in immigrant history, the bulk of European and Eastern European migration that occurred in the late nineteenth through the early twentieth century took place here, where the Tenement Museum remains one of the best ways to become acquainted with how early residents of the neighborhood lived.
The unique and eclectic mix of building styles--ranging from low- and high-rises to luxury and historic buildings--begins immediately upon entering the area via the Manhattan or Brooklyn Bridge, known as Two Bridges, itself a neighborhood that has also long been known for its immigrant population. With its historic district placed in the National Register of Historic Places, many of its oldest churches, such as Mariners Temple and St. James Church remain a preserved part of the district’s storied past.
While the LES has long been a hub for aspiring musicians and artists, the area has increasingly transformed its demographic as it welcomes a more affluent sect of residents with the advent of condos and luxury spaces.