Updated 5 years ago
Off Market
32 Orchard Street
Chinatown, Manhattan | Canal Street & Hester Street
5 Rooms6 Beds6 Baths11,200 Square FeetMixed Use
$6,750,000
floors / apts3 / 2
Lot Size25'x65'
Built Size25'x65'
ZoneC6-2
Building TypeLow-Rise
RE Taxes$60,000
Price Per SF
$603
Outdoor space and views
- Backyard
- GW Bridge
Building Amenities
- Voice Intercom
- Elevator
- Roof Deck
- Sprinkler System
Property Description for 32 Orchard Street
Welcome to the NEW LOWER EAST SIDE in between Brand New Hi End Hotel's, New Condominiums, Fantastic, hip, new restaurants and boutiques. Imagine a Brand New fabulous Elevated Mansion, 3 floors, appr, 25 ft wide. and approximately 5,600 sq ft., Possible to go up to 6 floors with roof deck. Currently configured as Ground floor Commercial space 2,300sf and 2 renovated residential apartments of approximately 1,600sf. 2 Residential units producing: $5,500.00 and $5,800.00 $11,300mo. Ground Floor Commercial: 5 year lease $12,500mo. Total Income: $23,800year. Total Square Footage Possible: 9,782 FAR . Taxes are currently $60,000 annually but can be split 50/50 with future Commercial Occupant. Price Per Square Foot at $6,750,000 acquisition cost: $690 PSF. Price for new construction on Orchard Street $2,100PSF (196 Orchard Street.)
Building Details for 32 Orchard Street
OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1900
Floors/Apts3/2
Transit and Citi Bike
Subway
East Broadway
0.14 miles
Grand St
0.22 miles
Delancey St-Essex St
0.27 miles
Bowery
0.35 miles
Canal St
0.48 miles
Citi Bike
Allen St & Hester St
0.04 miles
Canal St & Rutgers St
0.12 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: 26360TH
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