$10,000,000
Updated 11 years ago
Off Market

216 Lafayette Street

Soho, Manhattan | Kenmare Street & Cleveland Place

4,000 Square FeetDevelopment Site

$10,000,000
floors2
Lot Size25'6"x100'
Built Size25'x98'
ZoneM1-5B
Building TypeDevelopment Site
RE Taxes$52,176
Price Per SF
$2,500

Building Amenities

  • Elevator

Property Description for 216 Lafayette Street

Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of 216 Lafayette Street, a unique site at the intersections of SoHo and NoLita. The site has an easement that provides access to the rear of the property through Crosby Street. The retail portion of 216 Lafayette Street has been approved for Use Group 6 Retail by the Board of Standards and Appeals. This allows for a restaurant or store with 25.59’ feet of frontage on Lafayette Street at Petrosino Square; a highly desirable pedestrian destination. Restaurant Osteria Morini rents the Lafayette Street side but now does not use the space and the rear apartment with access via 57 Crosby Street is Month-to-Month.

Building Details for 216 Lafayette Street

OwnershipDevelopment Site
Building TypeDevelopment Site
Year Built1900
Floors2
Learn More About the Building

Transit and Citi Bike

Subway

Spring St
0.04 miles
Prince St
0.17 miles
Bowery
0.23 miles
Canal St
0.25 miles
Broadway-Lafayette St
0.25 miles

Citi Bike

Cleveland Pl & Spring St
0.03 miles
Lafayette St & Grand St
0.12 miles

Contact Agent

Contact Agent

Robert Burton
Cushman & Wakefield

Soho | Manhattan

Quick Profile

Famous for its art galleries, designer boutiques, cobblestone streets and cast-iron architecture, SoHo has always been full of buzz - wowing both tourists and locals alike. It’s rich with history (more so than most neighborhoods). So, whether you’re a computer nerd, serial shopper or foodie, you’re guaranteed to find something exciting to do in this storied neighborhood.

SoHo is bounded by Houston Street to the north, Canal Street in the south, 6th Avenue to the west and Crosby Street on the east.

The neighborhood has gone through many ups and downs over its long history. Enough to make a voluminous history book. When the Dutch discovered Lower Manhattan, they came across indigenous people living on the island. Technically, the American Indians were the first Manhattanites and then the Dutch moved in making them the second original Manhattanites. 

After the Civil War ended, the west side of Lower Manhattan flourished because the shipping routes changed. Textiles and the need for all types of products increased. Warehouses and large lofts were built and replaced farmland to accommodate the commerce. Many of those buildings are still standing and give SoHo its unique character and charm.

The bustling commerce eventually stopped and in the mid 1800’s, well-to-do families began moving into SoHo. They built exquisite buildings, many of which are characterized by their cast-iron facades. Soon after it became residential, theatres, music halls and eateries followed. The wealthy eventually left and the once prosperous district began another decline.  

The 1960’s marks SoHo’s most definitive period. City planners lost their bid to build a major highway that would level a portion of the neighborhood and many historic buildings. After their failed attempt to revitalize SoHo, artists quickly moved into the empty lofts and warehouses. Some legally, and other move-ins, not so legal. The city turned a blind eye. Artists of all mediums working from their new creative spaces created a ripple in the art scene. It was such a ripple that the well-to-do uptown crowd started buying their art and hanging out with them. The uptown folks eventually moved into the neighborhood and began buying up the lofts and warehouses. As soon as the word spread, up went the property values and the rest is history. 

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: 50355TH