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

85 Pitt Street

Lower East Side, Manhattan | Delancey Street & Rivington Street

Rental Property

$6,500,000
floors / apts6 / 21
ZoneR7-2
Building TypeLow-Rise
RE Taxes$65,485

Building Amenities

  • Voice Intercom

Property Description for 85 Pitt Street

> 6 story mixed use building with 21 apartments and 3 stores on the ground floor. > Of the residential units 10 are rent stabilized, 8 are free market, and 3 are exempt. > Seller will deliver at least 2 additional rent stabilized units vacant at closing. > There are currently 4 vacant apartments. > Gas and electric are separately metered. > This is a superb opportunity for an investor to purchase a property with a lot of upside potential.

Listing History for 85 Pitt Street

Now
04/10/2009
POM by Michael F. DeCheser
Cushman & Wakefield
2009

Building Details for 85 Pitt Street

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts6/21
Learn More About the Building

Transit and Citi Bike

Subway

Delancey St-Essex St
0.26 miles

Citi Bike

Rivington St & Ridge St
0.04 miles
Pitt St & Stanton St
0.07 miles

Contact Agent

Contact Agent

Michael DeCheser
Cushman & Wakefield

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: 28519TH