$15,000,000
Updated 6 years ago
Sold

287-291 East Houston Street

Lower East Side, Manhattan | Suffolk Street & Ave B

Development Site

$15,000,000
Lot Size50'x100'
ZoneR8A* w
Building TypeDevelopment Site

Building Amenities

  • Elevator

Property Description for 287-291 East Houston Street

A 50’ x 100’ development site on the south side of East Houston Street. The lot footprint is approx. 5,000 SF and is in a R8A* zone. R8A* has a Commercial FAR of 2.00, Residential FAR of 5.40, Community Facility FAR of 6.50 and Inclusionary Housing FAR of 7.20. The site would allow for approximately 36,000 BSF based on a development that incorporates inclusionary housing (FAR of 7.20). Alternatively, the site would allow for approximately 27,000 BSF and 120’ in height based on a residential development of market housing (FAR of 5.40). The property has a curb cut in place as well as a 25’ x 100’ single story building (2,500 SF with mezzanine) which can be delivered vacant at the time of sale. 287-291 East Houston Street would be ideal for a retail and residential rental or condominium development. A Foundation Engineering and Subsurface Exploration Report are available upon request. The site has a transferable Green Building project registration under LEED NC 2.2.

Listing History for 287-291 East Houston Street

Now
12/02/2014
Sold and Closed by Michael F. DeCheser
Cushman & Wakefield
10/07/2014
Contract Signed by Michael F. DeCheser
Cushman & Wakefield

Building Details for 287-291 East Houston Street

OwnershipDevelopment Site
Building TypeDevelopment Site
Learn More About the Building

Transit and Citi Bike

Subway

Delancey St-Essex St
0.26 miles
2 Av
0.33 miles

Citi Bike

Suffolk St & Stanton St
0.06 miles
E 2 St & Ave B
0.07 miles

Contact Agents

Contact Agents

Michael DeCheser
Cushman & Wakefield
Darragh Clarke
Cushman & Wakefield
Mei Ling Wong
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: 53131TH