$7,500,000
Updated 6 years ago
Off Market

32 Orchard Street

Chinatown, Manhattan | Canal Street & Hester Street

5 Rooms6 Beds6 Baths11,200 Square FeetMixed Use

$7,500,000
floors / apts3 / 2
Lot Size25'x65'
Built Size25'x65'
ZoneC6-2
Building TypeLow-Rise
RE Taxes$67,366
Price Per SF
$670

Outdoor space and views

  • Backyard
  • GW Bridge

Building Amenities

  • Voice Intercom
  • Elevator
  • Roof Deck
  • Sprinkler System

Property Description for 32 Orchard Street

Welcome to one of the best locations on the Lower East Side! Surrounded by high end Boutiques, Luxury Condos and Amazing Restaurants. This townhouse offers the best of everything with two very large apartments of approx. 1600 SF each and a large vacant space on the ground floor with 15 foot ceilings and a 1,000 SF Basement. The apartments are free market and are producing over $122,400 annually. The ground floor could generate another $125,000 in income per year as well. There are additional air-rights available which would bring the FAR to 9,782. At the current asking price this property is below market value. Don't delay and contact me today for a private showing.

Listing History for 32 Orchard Street

Now
08/21/2020
TOM by Carter McHyman
Douglas Elliman
06/10/2020
Back on the Market by Carter McHyman
Douglas Elliman

Building Details for 32 Orchard Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1900
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

East Broadway
0.14 miles
Grand St
0.22 miles
Delancey St-Essex St
0.27 miles
Bowery
0.35 miles
Canal St
0.48 miles

Citi Bike

Allen St & Hester St
0.04 miles
Canal St & Rutgers St
0.12 miles

Contact Agents

Contact Agents

Carter McHyman
Douglas Elliman
John Barnett
Douglas Elliman
Sandra Sullivan
Douglas Elliman

Chinatown | Manhattan

Quick Profile

The roots of Chinatown are said to go back as far as 1858, with the arrival of Cantonese businessman, Ah Ken. Ah Ken made his fortune selling cigars and is thought to have set up the first boarding houses for Chinese immigrants.

Vibrant and bustling, in New York City’s Chinatown, you’ll find the biggest population of Chinese people in the Western Hemisphere. Although Chinatown was established mostly by Cantonese speakers, due to an influx of Fuzhounese speaking Chinese immigrants and Mandarin being the official language of China and Taiwan, Mandarin has become vital to the dynamic tableau that is Chinatown.

Centered around Chatham Square and Columbia Park, Chinatown is transportive yet quintessential New York. Traveling the cozy corridors of Chinatown, bask in the varied languages and cultural diaspora, uniquely American and yet universal. Witness the roots of a place where a community was allowed to grow within a community, a world within a world. See it in the statues, architecture, and signage throughout Chinatown. Smell it seeping out from the multitude of dim sum restaurants, noodle houses, and speakeasies that reside here. Pick up a bao and wander the markets for deals and explore the sometimes brutal historic sites. 

Chinatown is developing. Much of the lower-income housing once available in the area are being refurbished and sold. As a result, the community and its demographic makeup are diversifying. 

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: 26360TH