48 Clinton Street

Cushman & Wakefield has been exclusively retained to arrange for the sale of 48 Clinton Street, located on the East side of Clinton Street, between Rivington and Stanton Street. The building was developed in 2000 into a mixed use building with recording studio (One commercial duplex, with a residential duplex above). The ground floor contains the recording studio with double height ceiling. There are front and back mezzanine spaces (office/studio use), which we are calling the 2nd floor. The 3rd floor is residential with 2 private terraces. The 4th floor contains additional residential space with a terrace. The site is in an R7A zone with C1-5 commercial overlay. This 5,467 SF (above grade) property is underbuilt, and contains approx. 4,653 SF of air rights. The site can hold a maximum of 10,000 buildable SF for residential or mixed use. It is an ideal opportunity for a residential or commercial user to occupy the existing building or a developer looking to maximize the building envelope. It is within close proximity to Essex Crossing, a development that will consist of 1.9 million square feet of residential, commercial, and community space. The site will be delivered vacant and offers an excellent opportunity for a user/ developer to take advantage of a fast growing neighborhood.