FIVE STORY MIXED-USE BUILDING FOR SALE EXCELLENT USER/INVESTMENT OPPORTUNITY 518 BROADWAY

Rent or Sale
Sale
Property Type
Price
$25,000,000
still in the market

Sub-Basement: 25’ x 60’ = 1,500 sq. ft.
Basement:25’ x 100’ = 2,500 sq. ft.
Ground Floor: 25’ x 95’ = 2,375 sq. ft.
2nd Floor: 25’ x 95’ = 2,375 sq. ft.
3rd Floor: 25’ x 80’ = 2,000 sq. ft. with 375 sq ft outdoor space
4th Floor: 25’ x 80’ = 2,000 sq. ft.
.5TH Floor: 25’ x 80’ = 2,000 sq. ft
A 25’ wide four-unit five-story mixed-use elevatored loft building.
The property has a store on the ground floor and four floor-through units above. They are all floor-through commercial loft apartments with elevator key access per floor. The property is sprinklered throughout and has a HVAC system except for the fourth floor. The units are individually metered for electric and no gas, with the electric meters in the basements. The stoves are electric; The property is in good condition and well kept.

Posted Date
Attachment Size
Setup for the building (1.1 MB) 1.1 MB

RENOVATED SIX STORY COMMERCIAL BUILDING FOR $20.000.000 in Manhattan

Rent or Sale
Sale
Property Type
Price
$20,000,000
still in the market

 RENOVATED SIX STORY COMMERCIAL BUILDING FOR SALE PRIME USER/INVESTMENT OPPORTUNITY 35-37 EAST BROADWAY NEW YORK, NEW YORK Location: The south side of East Broadway between Catherine and Market Streets 

Net Operating Income: $1,365,586.5  CAP RATE: 6.8%

Block: 280 

Lot: 42 Lot 

Size: 50’ x 100’ 

Building Size: 

Basement: 50’ x 95’ irr = 4,026 

Store: 50’ x 95’ irr = 4,026 

2 nd Floor: 50’ x 95’ irr = 4,026 

3 rd Floor: 50’ x 95’ irr = 4,026 

4 th Floor: 50’ x 95’ irr = 4,026 

5 th Floor: 50’ x 95’ irr = 4,026 

6 th Floor: 50’ x 95’ irr = 4,026 24,157 

Above Grade 28,183 Below Grade Stories: Six (6) Plus Full Basement Gross Square Feet: 24,157 (Approximately) Zoning: (FAR) Total Available Air Rights: C6-1G (6.0) R7 Equivalent (3.44) 5,843 Assessment: Real Estate Taxes: $2,836,260 (23/24) $300,416.68 Description: A 50’ wide 6-unit six story elevatored commercial building. The property has two stores on the ground floor, floors two through six are floor-through commercial units. The units have 14’ ceilings on the ground and second floor, 13’ ceilings on the third and fourth floors and 12’ ceilings on the 5th and 6th floors. They have nice expose brick, pine wood floors, new bathrooms. The units are all open spaces that have windows on three sides and get great sunlight.

More information please find in Setup attached.

Posted Date
Attachment Size
Setup for the property (1.16 MB) 1.16 MB

HOTEL, for sell FOR $19.900.000

Rent or Sale
Sale
Property Type
Price
$19,900,000
still in the market

HOTEL ON MULBERRY STREET
DELIVERED VACANT
40,591 EXISTING SF INCLUDING BASEMENT
APPROVED PLANS FOR 13 STORY 102 ROOMS 
STAYBRIDGE SUITES.
LOT SIZE: 50' x 95' Plot 4,750 SF 35,841 SF Above Grade 
4,750 SF Cellar
40,591 SF Total
ZONING: C6-1
FAR: Residential FAR 3.44
Commercial FAR 6.0
Community Facility FAR 6.5
DESCRIPTION: Eight story garage building. 
ESTIMATED R.E. Taxes (2024/2025) Tax Class 4. . . $319,267
EXPENSES: Insurance . . . . . . . . . . . . . . . . . . . . . . . . . $19,800
TOTAL EXPENSES: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $339,067
PRICE: $21,500,000 $19,750,000 
,
REMARKS: The owner has spent $2,000,000 on plans, FF&E.
The flag must remain with Staybridge Suites. The penalty for cancellation is 
approximately $1,000,000.
The property is suitable for hotel development, parking garage, warehouse, or
residential conversion.
An approved plan is in place for a 13-story hotel with 102 keys. 
Plans are available for qualified buyers.
The property will be delivered vacant. 
It is located directly across the street from Columbus Park.
The existing building is 8 stories tall, reaching 87’-4” at roof level. 
The 7th
and 8th
stories are set back 15’.
The current FAR is 7.45, with extra floor area approved for garage use. 
The garage has a capacity of 220 cars, licensed for 193.
C6-1 Zoning NYC
Aug 11, 2018 | NYC Zoning
C6-1 Zoning is a General Central Commercial Zoning district in NYC. In C6-1 you can build a variety of commercial
building uses, community facilities, and residential buildings.
The C6-1 Zoning District is a sub district of C6 Zoning in NYC. C6 is a general central zoning district with generally
large buildings having retail, department stores, large offices, hotels, and residential uses. C6-1 Zoning is mapped in
Downtown Manhattan, and a small part of Harlem.
C6-1 Zoning Districts:
C6-1
C6-1A
C6-1 Residential Equivalent:
R7-2
C6-1 Residential Equivalent
Most Commercial Zoning districts have a Residential Equivalent. This means you can develop a residential building
within the commercial zoning district. You follow the residential equivalent zoning requirements in the case of a
residential development. The residential equivalent for C6-1 is R7-2 Zoning.
Mixed Use Building
You can develop a mixed use building with commercial and residential zoning. In this case you would apply the
requirements of C6-1 and R7-2 in designing the building.

Here is the video

https://www.youtube.com/shorts/FKnogEhJloc

Posted Date
Attachment Size
Setup for the proect. (3.49 MB) 3.49 MB