$5,600,000
Updated 6 years ago
Off Market
79 Eldridge Street
Chinatown, Manhattan | Hester Street & Grand Street
Development Site
$5,600,000
Lot Size23'4"x105'3"
ZoneC6-1G
Building TypeVacant Lot
RE Taxes$21,648
Building Amenities
- Elevator
Property Description for 79 Eldridge Street
The subject property is a vacant parcel located on the west side of Eldridge Street, between Hester Street and Grand Street. The lot size is approximately 25.3’ x 100.25’ with a total lot coverage of 2,530 square feet. The property is in a C6-1G zone with an FAR of 6.00 for commercial use, 3.44 for residential use and 6.50 for community facility use. The highest and best use would be commercial development or a mixed-use building which would result in a development of approximately 15,180 BSF. It is important to note that subject benefits exclusively from a curb cut in front of the property. Curb cuts in Manhattan, especially lower Manhattan, are rare and often very difficult to acquire from the City of New York. Furthermore, vacant lots with development potential in the Lower East Side are equally rare. The subject is neighbors with the future The Milton Resnick and Pat Passlof Foundation at 87 Eldridge Street in addition to HSBC, Bowery CrossFit, Valley National Bank, Bank of America, TD Bank and the B & D subway stop.
Listing History for 79 Eldridge Street
Now
11/19/2015
POM by Michael F. DeCheser
Cushman & Wakefield
05/21/2015
$5,600,000 [-$300,000] [5.1%]
Price Drop by Michael F. DeCheser
Cushman & Wakefield
Building Details for 79 Eldridge Street
OwnershipDevelopment Site
Building TypeVacant Lot
Transit and Citi Bike
Subway
Grand St
0.1 miles
Bowery
0.23 miles
Delancey St-Essex St
0.27 miles
East Broadway
0.27 miles
Canal St
0.38 miles
Citi Bike
Forsyth St & Grand St
0.05 miles
Allen St & Hester St
0.09 miles
Contact Agents
Contact Agents
Michael DeCheser
Cushman & Wakefield
Darragh Clarke
Cushman & Wakefield
Mei Ling Wong
Cushman & Wakefield
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: 57953TH
Find home. Discover happiness.