141 Chrystie Street New York, NY

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Clare Stephens
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1 141 Chrystie Street New York, NY Prime Lower East Side Development Opportunity 18,950 Maximum Buildable SF 140 Broadway New York, NY it s who you know

3 great development opportunity 3

141 CHRYSTIE STREET NEW YORK, NY LOWER EAST SIDE property overview property description GFI Realty Services, LLC is pleased to offer the exclusive opportunity to purchase 141 Chrystie Street.

4 141 CHRYSTIE STREET NEW YORK, NY LOWER EAST SIDE property overview property description GFI Realty Services, LLC is pleased to offer the exclusive opportunity to purchase 141 Chrystie Street. This 2,520 sf parcel located in prime Lower East Side, Manhattan presents a great opportunity to develop 18,950 sf on a major commercial corridor. The site is currently occupied by a vacant 4,356 sf (2)-story commercial building. The lot is zoned C6-3A with a FAR of 7.52 and is ideal for mixed-use development. The current property occupying the site is built out as a restaurant/lounge and could be acquired as a owner/user investment. This parcel is located off of the intersection of Chrystie and Delancey Streets, two major commercial corridors in the area. Chrystie Street, which extends for seven blocks from E. Houston to Canal Streets, is densely populated with numerous local retailers and restaurants. Delancey Street is known for its diverse retail offerings and attracts consumers from across the five boroughs. One block over from the asset is the Bowery, known for its chic shops including Blue & Cream, John Varvatos and Whole Foods Bowery as well as trendy restaurants. Additionally, the surrounding corridors of Clinton, Orchard, Ludlow, Essex, Allen, Stanton and Rivington Streets are buzzing with lounges, restaurants and cafes. This asset provides an investor with the opportunity to acquire a prime parcel in a highly sought after area of Manhattan. The Lower East Side has become a hub of fashion, chic fashion and some of the best restaurants that NYC has to offer. Perspective residents and consumers are attracted to the rustic facades that have remained from its grittier days, intermingled with new luxury constructions such as the Chrystie located at 229 Chrystie Street. block/lot: lot size: built: FAR: as built: maximum buildable sf: zoning: tax class: assessment: taxes: 424/ x x 79 (approx. 4,356 sf) ,950 sf C6-3A 4 $592,517 $63,139 Asking Price: Submit Offers 4

5 141 CHRYSTIE STREET NEW YORK, NY LOWER EAST SIDE aerial 5

zoning map 141 CHRYSTIE STREET NEW YORK, NY LOWER EAST SIDE 141 Chrystie Street New York, NY C6 districts permit a wide range of high-bulk commercial uses requiring a central location.

6 zoning map 141 CHRYSTIE STREET NEW YORK, NY LOWER EAST SIDE 141 Chrystie Street New York, NY C6 districts permit a wide range of high-bulk commercial uses requiring a central location.c6-1 through C6-3 districts allow a commercial floor area ratio of 6.0 and are generally mapped outside of the central business cores. C6-4 through C6-9 districts, mapped mostly in major business districts permit a maximum FAR of 10.0 or 15.0, exclusive of an applicable bonus. In these districts, a tower occupied by commercial, residential and/or community facility uses may penetrate the sky exposure plane. C6 districts with a G or M suffix (C6-1G, C6-2G, C6-2M and C6-4M) have special regulations governing conversion of non-residential space to residential use. C6 districts are widely mapped within special districts. Some, such as C6-4.5, C6-5.5, C6-6.5 and C6-7T districts mapped only within the Special Midtown District, have unique floor area ratios and bonus rules. Because C6 districts are well served by mass transit, off-street parking is generally not required, except within the Special Hudson Yards District. 6

7 141 CHRYSTIE STREET NEW YORK, NY LOWER EAST SIDE retail map 141 Chrystie Street New York, NY The parcel is surrounded by national and local retailers. The asset is located in a prime area of Manhattan neighbored by numerous chic shops, boutiques and trendy restaurants. 7

8 141 CHRYSTIE STREET NEW YORK, NY LOWER EAST SIDE transit map 141 Chrystie Street New York, NY Asset is in close proximity to the J, Z, B & D subway lines. 8

9 property map 141 CHRYSTIE STREET NEW YORK, NY LOWER EAST SIDE 9

10 140 Broadway New York, NY 10005

GFI REALTY services EXCLUSIVE OFFERING

GFI REALTY services EXCLUSIVE OFFERING sunset park warehouse great redevelopment opportunity 0,000 sf of air rights available 40 nd Avenue Brooklyn, NY Askng Price: $0,500,000 40 nd Avenue brooklyn, NY