$4,990,000
Updated 7 years ago
Off Market

58 Orchard Street

Lower East Side, Manhattan | Hester Street & Grand Street

52 Rooms16 Beds20 Baths9,357 Square FeetIncome Property

$4,990,000
floors / apts6 / 16
Lot Size25'x87'
Built Size25'x73'
ZoneC6-2
Building TypeLow-Rise
RE Taxes$52,395
Price Per SF
$533

Building Amenities

  • Voice Intercom

Property Description for 58 Orchard Street

Investment Opportunity: Mixed Use 6 Story Walk-Up Building

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


Listing History for 58 Orchard Street

Now
07/30/2019
TOM by Jason Lau
Corcoran
04/15/2019
$4,990,000 [-$810,000] [14%]
Price Drop by Jason Lau
Corcoran

Building Details for 58 Orchard Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts6/16
Learn More About the Building

Transit and Citi Bike

Subway

Grand St
0.19 miles
Delancey St-Essex St
0.19 miles
East Broadway
0.21 miles
Bowery
0.3 miles
2 Av
0.46 miles

Citi Bike

Orchard St & Grand St
0.04 miles
Allen St & Hester St
0.08 miles

Contact Agents

Contact Agents

Jason Lau
Corcoran
Joseph Guzzo
Corcoran

Lower East Side | Manhattan

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.

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: 74560TH