Updated 6 years ago
Off Market
57-67 Orchard Street
Chinatown, Manhattan | Grand Street & Hester Street
54,985 Square FeetDevelopment Site
$22,500,000
floors5
Lot Size175'x88'
ZoneC6-2G
Building TypeLoft
RE Taxes$250,289
Price Per SF
$409
Building Amenities
- Elevator
Property Description for 57-67 Orchard Street
57-67 Orchard Street is comprised of 2 block thru lots (from Orchard to Allen) plus 1 corner lot at Orchard and Grand. 59-67 Orchard Street are 5 story loft type buildings while 57 Orchard is a 2 story commercial building. This unique location has frontage on three streets, Allen, Grand and Orchard. The combined footprint of all three lots is 12,173 SF (approx). The C6-2G zone of the site has a residential FAR of 6.02, and allows for maximum buildable square footage of approximately 73,281 SF. The possibility of adding off street parking beneath the property exists. This is a tremendous opportunity for a developer to acquire the biggest development site available in the Lower East Side. Note: The property lies within a proposed landmark district, but outside of the proposed re-zone district. The zoning classification of C6-2G indicates that the property is in a special Garment Center district. In this district, Residential development is permitted with a special permit.
Listing History for 57-67 Orchard Street
Now
06/13/2011
POM by Michael F. DeCheser
Cushman & Wakefield
2011
Building Details for 57-67 Orchard Street
OwnershipDevelopment Site
Building TypeLoft
Floors5
Transit and Citi Bike
Subway
Grand St
0.17 miles
Delancey St-Essex St
0.2 miles
East Broadway
0.22 miles
Bowery
0.28 miles
2 Av
0.46 miles
Citi Bike
Orchard St & Grand St
0.05 miles
Allen St & Hester St
0.06 miles
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: 29256TH
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