$6,500,000
Updated 5 years ago
Off Market

20 Orchard Street

Chinatown, Manhattan | Hester Street & Canal Street

21 Rooms13 Beds10 Baths11,816 Square FeetIncome Property

$6,500,000
floors / apts5 / 8
Lot Size25'x89'
ZoneC6-2
Building TypeLow-Rise
RE Taxes$101,974
Price Per SF
$550

Outdoor space and views

  • Terrace

Building Amenities

  • Video Intercom
  • Courtyard
  • Roof Deck

Property Description for 20 Orchard Street

Turn-key mixed use building in the ever-developing Lower East Side. 8 FREE-MARKET Residential units (studio to 3BRs) and 2 Commercial spaces. Current NOI is $189,000 with Covid rent discounts, but projections without upgrades are closer to $270K and a 4.15% CAP. Further room to increase CAP through updating apartments, common spaces and build out the roof. Fully Occupied.

Listing History for 20 Orchard Street

Now
02/07/2022
TOM by Grant Braswell
Compass
2022

Building Details for 20 Orchard Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVideo Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts5/8
Learn More About the Building

Transit and Citi Bike

Subway

East Broadway
0.13 miles
Grand St
0.24 miles
Delancey St-Essex St
0.3 miles
Bowery
0.37 miles
Canal St
0.48 miles

Citi Bike

Allen St & Hester St
0.06 miles
Canal St & Rutgers St
0.11 miles

Contact Agents

Contact Agents

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: 82833TH