Updated 6 years ago
Off Market
135 Bowery
Chinatown, Manhattan | Grand Street & Broome Street
10,568 Square FeetDevelopment Site
$8,500,000
floors8
Lot Size24'x106'
Built Size24'8"x106'8"
ZoneC6-1G
Building TypeDevelopment Site
Price Per SF
$804
Building Amenities
- Elevator
Property Description for 135 Bowery
135 Bowery is a prime development site located on the East side of Bowery between
Grand and Broome Streets. The property was recently demolished and the foundation for the new
development has recently been installed. There are DOB approved plans and permits issued for a
20,427SF building (including cellar), consisting of an 8 story commercial loft building with retail on the
ground floor. The Bowery was recently added to the State Register of Historic Places, an important step
towards being added to the National Register of Historic Places. Both lists indicate the likelihood of the
Bowery's future landmarking and potentially being designated a historic district, which will have no effect
on the current development but will limit the development of the surrounding buildings. ICAP tax benefits
have been applied for and the New York City Department of Finance has verified that the application is
approved. The property will receive an annual abatement of approximately $72,000 over a 10-year period
starting in mid 2013. The development of this property would be ideal for a commercial user, non-profit
institution or investor.
Grand and Broome Streets. The property was recently demolished and the foundation for the new
development has recently been installed. There are DOB approved plans and permits issued for a
20,427SF building (including cellar), consisting of an 8 story commercial loft building with retail on the
ground floor. The Bowery was recently added to the State Register of Historic Places, an important step
towards being added to the National Register of Historic Places. Both lists indicate the likelihood of the
Bowery's future landmarking and potentially being designated a historic district, which will have no effect
on the current development but will limit the development of the surrounding buildings. ICAP tax benefits
have been applied for and the New York City Department of Finance has verified that the application is
approved. The property will receive an annual abatement of approximately $72,000 over a 10-year period
starting in mid 2013. The development of this property would be ideal for a commercial user, non-profit
institution or investor.
Building Details for 135 Bowery
OwnershipDevelopment Site
Building TypeDevelopment Site
Year Built1900
Floors8
Transit and Citi Bike
Subway
Grand St
0.05 miles
Bowery
0.11 miles
Spring St
0.28 miles
Canal St
0.29 miles
Delancey St-Essex St
0.34 miles
Citi Bike
Grand St & Elizabeth St
0.08 miles
Forsyth St & Grand St
0.09 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: 45062TH
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