Marketing Materials West Broadway 175 West Broadway 177 West Broadway

Transcription

1 Marketing Materials West Broadway 175 West Broadway 177 West Broadway W. Broadway (Lot 13) 175 W. Broadway (Lot 14) 177 W. Broadway (Lot 16)

2 AS EXCLUSIVE SALES AGENTS WE ARE PLEASED TO PRESENT West Broadway, New York, NY West Broadway, New York, NY West Broadway, New York, NY FOR SALE FOR FURTHER INFORMATION PLEASE CONTACT EXCLUSIVE BROKER: NICK PETKOFF DIRECTOR OF SALES MASSEY KNAKAL REALTY SERVICES 275 Madison Avenue 3rd Floor New York, NY (P) (F)

3 Table of Contents I. MARKET DESCRIPTION A) Property Photo B) Property Info/Summary C) Zoning D) Neighborhood Character E) Transportation II. III. IV. SET-UP West Broadway, New York, NY C_O for W. Broadway and 177 W. Broadway VIOLATIONS REPORT TRIBECA SNAPSHOT

4 Add l Building Photos West Broadway, NY West Broadway, NY West Broadway 175 West Broadway, First Fl. & Lower Level)

5 Add l Building Photos West Broadway, NY West Broadway West Broadway - roof 175 West Broadway 175 West Broadway, roof)

6 Building Tax Map and Location West Broadway New York, NY Block 176 Lots 13, 14 and 16 The subject properties are located on West Broadway West Broadway is a corner building on the NE corner of Worth Street West Broadway

7 Zoning Information Excerpt From Department of City Planning

8 Zoning Information Excerpt From Department of City Planning

9 Zoning Information Excerpt From Department of City Planning

10 Zoning Information Excerpt From Department of City Planning

11 Zoning Information Excerpt From Department of City Planning

12 Zoning Information Excerpt From Department of City Planning

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14 Tribeca Historic District Maps W. Broadway

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16 Neighborhood Character New York City s Most Cosmopolitan Neighborhood TriBeCa includes the area bounded by Canal Street (north), Vesey Street (south), Lafayette Street (east) and the Hudson River (west). TriBeCa, an acronym for Triangle Below Canal Street, and was coined in the mid-1970 s as a result of City Planning studies and the adoption of the Special Lower Manhattan Mixed Use District (LMM). TriBeCa retains much of the Bohemian quality that once characterized the entire complex of cast-iron architecture between Houston and Vesey streets before it went upscale. Because this neighborhood overlaps the City Hall area, with its enormous daytime working population, it has been more successful in resisting the tide of fad enterprise. Art and commerce have, of course, transformed TriBeCa to a certain degree, but they have not overwhelmed it. TriBeCa today is the most sought after residential address in Manhattan. Many of the old historic warehouses and loft buildings have been converted to spectacular apartments. Many of New York City s finest restaurants, antique and craft stores are located in TriBeCa. With easy access to every corner of the island, it remains a sophisticated, cosmopolitan, and glamorous New York neighborhood. TriBeCa North Historic District: The TriBeCa North Historic District has a distinct and special character within the larger TriBeCa area. This distinction is due in large part to the variety of warehouse buildings constructed during the late nineteenth century. The TriBeCa North Historic District, which includes 67 buildings and three undeveloped lots, is located between Hubert & Watts Street and west of the intersection of Canal and Varick Streets. The warehouse buildings give the district its distinctive character, and dominate the block fronts in the area, and those on the cross streets of Hubert, Laight, and Vestry Streets. During the early nineteenth century, Trinity Church prompted the expansion of the city northward on its landholdings in the area. An elegant residential neighborhood developed around the perimeter of this private park during the 1820 s. Collister Street was initially an alley, which served stables at the rear of town houses facing the park. The Hudson River shoreline developed around this same time, as landfill extended the perimeter of lower Manhattan to West Street. The character of the district was altered during the twentieth century with the construction of the Holland Tunnel during the 1920 s and the demolition of the St. John s Freight Terminal in 1936, the site of which became the Holland Tunnel Exit Plaza. The increasing use of trucks for

17 Neighborhood Character transporting railroad shipments to and from Manhattan prompted the construction of several garages and small freight terminal buildings in the district; the proximity of the warehouses in the TriBeCa North Historic District to the Holland Tunnel has continued their usefulness as storage facilities. In the mid-nineteenth century, there were virtually no buildings in the United States that could be considered a fireproof warehouse of the same type as the brick and iron structures recently built in England. The five-story warehouses in England, built with cast-iron columns and rafters, and floors of iron joists spanned by brick arches were much admired. Soon, such buildings began to be developed in the major port cities of the United States. The emergence of the warehouse as a building type around 1870 is reflected in the district by the structures built for storage and industrial operations. These warehouses are at least fifty feet wide, and most are from five to seven stories in height. Their facades, of various shades of brick, are often given polychromatic and textural effects with the use of ornamental brick, terra cotta, and stone trim. The warehouses, as well as many of the store and loft buildings, incorporate distinctive use-generated features such as loading bays served by raised platforms, sheet metal awnings, and stepped vaults; segmentally-arched windows in the upper stories and corbelled brick cornices emphasize the structural quality of the construction. The influence of the German Rundbogenstil, Romanesque revival, and renaissance-inspired revival styles is evident in many of the warehouses, store and loft buildings. Granite slab sidewalks and Belgian block street pavers further the nineteenth-century commercial character of the district. The first decades of the twentieth century saw the more complete conversion of the TriBeCa area to a commercial district, as many of the early nineteenth century dwellings were replaced. In 1976, the City Planning Commission proposed a Special Lower Manhattan Mixed Use District, a zoning designation like that established in SoHo, which allowed for residential lofts and light manufacturing in the same area. This rezoning encouraged the conversion of commercial buildings to residential use during the late 1970 s and early 1980 s. After the recession of the early 1990 s, a strong demand for warehouse buildings with conversion potential began. With the strong possibility of rezoning the TriBeCa North Historic District from an M1-5 to a C6-2A, many developers have begun to purchase warehouse type buildings to convert into residential use. TriBeCa East Historic District: The TriBeCa East Historic District has a distinct and special character within the larger TriBeCa area defined by its many block fronts of ornate store and loft buildings that reflect the district s role as the center for dry goods and related businesses in New York City.

18 Neighborhood Character The history of the TriBeCa East Historic District is characterized by rapid development and redevelopment with commercial pressures displacing residential neighborhoods and pushing the city s urban limits northward. Progress in the American textile industry, especially in its product and distribution methods, combined with these pressures to mold the area into the leading district for dry goods and related businesses in New York City from the mid-nineteenth through the early twentieth century. While the development of this market was to a large extent empowered by the growth of the American textile mills outside the city, the business operations of the market located in New York City enabled the expansion and ultimate success of the industry as a whole. Throughout the seventeenth and most of the eighteenth centuries, the area of the TriBeCa East Historic District was open marshland. In 1646, Governor Kieft granted to Jan Jansen Damen forty-five acres of land that came to be known as the Calk Hook Farm. The property was divided among several individuals after Damen s death and later, between 1723 and 1725, was purchased and reassembled by Anthony Rutgers, a city Alderman and a member of the Colonial Assembly. The area became known as the Rutgers Farm. The Rutgers Farm was acquired by Leonard Lispenard in 1746 and was incorporated into the Lispenard Farm. After Canal Street was laid out, Lispenard s property within the district was dispersed by Through the eighteenth century, Manhattan s population was concentrated at the southern tip of the island, generally below Wall Street. As the city s population grew following the Revolutionary War, new residential neighborhoods developed on the northern outskirts of the city. By 1810, most of the streets within the present-day historic district had been laid out. The names of the district s streets recall the early history of the area. By the early nineteenth century, the first phase of urbanization in the district was underway with the construction of modest, two-and-one-half and three-and-one-half-story brick or brick and frame structures in the Federal Style. Following the fire of 1835, the Pearl Street merchants sought to re-establish their businesses in one concentrated commercial district. These businesses began to move northward into the district s residential neighborhoods. Beginning in the 1850 s, the dry goods merchants transformed the area from a residential one into a new commercial district. The first sign of change was the conversion of the first stories of many residences to commercial use. Additional alterations were made in association with the insertion of commercial storefronts. Raising a residence to four or five stories in height with a flat roof and adding a metal cornice at the top story was a typical renovation.

19 Neighborhood Character As more dry goods businesses moved into the vicinity, the area of TriBeCa East Historic District began to develop its present architectural character. The first sustained building campaign of structures erected specifically for commercial use as store and lofts in the area began in the 1850 s. On almost every block within the district boundaries there remains at least one store and loft building whose construction was begun in that decade. In the 1860 s, the area of the district was thoroughly transformed by the rapidly growing textile trade. The boom in construction of store and loft buildings in the area of the district during the 1860 s clearly demonstrates a peak in the growth of the American textile industry and the dry goods trade in New York. The decade of the 1860 s was clearly the commercial and architectural heyday in the area of the district. The store and loft was the most prevalent building type constructed within the district to accommodate the growing dry goods trade. Dry goods merchants commissioned many of these buildings for their own use. The typical store and loft building within the district is usually five stories high, and is designed with ornament reflecting current architectural styles or with more utilitarian appearance in keeping with its practical functions. Cast-iron bay framing at the ground floor level allows large openings for the loading and unloading of dry goods into the receiving and sales areas of the first floor. The upper stories and the basement were reserved for storage space. In many cases, individual buildings were occupied by more that one firm. In some cases, light manufacturing was conducted on the upper floors. During the 1880 s, architects occasionally integrated the neo-greco style with the delicate sunbursts, sunflowers, and attenuated colonnettes associated with the Queen Anne movement, an English revival of seventeenth and early-eighteenth-century architecture which was properly adopted by American architects, usually for domestic buildings, following the Centennial commemoration in Beginning in the 1890 s, other types of commercial structures were erected in the district; while relating to the store and loft type, these buildings illustrate the increasing role of office functions within retail and wholesale businesses. The last major phase of development in the district, begun in the late nineteenth century, involved the erection of tall buildings. With the growing use of the elevator, the benefits of the five-story commercial store and loft buildings were diminished and the taller office and loft buildings became a more economical and efficient commercial building type. As the twentieth century progressed, buildings constructed in the district tended to combine office space with other functions, such as stores, lofts, and factories.

20 Neighborhood Character The district retains an enormous amount of its nineteenth-century commercial architectural character, though some historic storefronts, storefront infill, window sash, and similar materials have been replaced or obscured. The survival of the dry goods industry helped to maintain the mercantile architecture in the neighborhood and the return of residential and entertainment uses has resulted in several alterations which enhance the mercantile ambience through the conservation of historic building fabric and the installation of new features which complement it. Also, throughout the district, granite slab sidewalks and street beds of granite pavers further contribute to its historic commercial architectural character. Beginning in the 1970 s, artists began to locate in vacated loft spaces in the district, continuing a trend begun by artists further north in the SoHo area. In 1976 the City Planning Commission proposed a Special Lower Manhattan Mixed Use District (LMM), a zoning designation, which allowed for residential lofts and light manufacturing in the same area. This was followed in the late 1970 s and early 1980 s by the conversion of store and loft buildings to residential cooperatives. Today, the buildings of the TriBeCa East Historic District contain a wide range of uses. In association with this sharp rise in residential use in the district, the ground stories of numerous store and loft buildings have been turned into retail and restaurant space, adding a new vibrancy to what was once New York s most important dry goods district. The TriBeCa West Historic District: The Tribeca West Historic District encompassing some 220 buildings, extends northward from James Bogardus Triangle to Hudson Square with Hudson Street serving as the spine of the district and Duane Park acting as a focal point. West Broadway and Varick Street, historically a major transportation route, form the eastern boundary. Greenwich Street forms a regular edge at the western boundary. Portions of Reade Street where the corner buildings intersect Hudson and Greenwich Streets form the southern boundary, while Hubert Street and Ericsson Place, fronting onto Hudson Square, form the northern boundaries. Early in the nineteenth century as the area was initially developed, it was a prime residential neighborhood concentrated around Duane Park and Hudson Square (renamed St. John s Park with the construction of St. John s Chapel on the eastside of Varick Street. By the mid-nineteenth century, with produce and other goods arriving at Washington Market, southwest of the historic district, the area began to develop its distinct architectural character. Buildings constructed to meet the changing needs of the district replaced houses. Today, the district is defined and dominated by commercial buildings of the store & loft, and the warehouse types.

21 Neighborhood Character The historical development of the TriBeCa West Historical District is characterized by a pattern of rapid development and redevelopment as commercial pressures displaced residential neighborhoods and pushed the city s urban limits northward. As a result the area became the leading district for food wholesaling and related businesses in New York City from the late nineteenth century to the mid-twentieth century. Throughout the seventeenth and most of the eighteenth centuries, the area of TriBeCa West was open land. Much of this land was held by Trinity Church to the west and Anthony Rutgers to the east. By the early nineteenth century, the first phase of urbanization in the district was underway. By the mid-nineteenth century, TriBeCa West began to develop its present architectural character. The most prevalent building type was the store & loft building. This type, usually four to seven stories high, had a mix of commercial and residential uses. The first sustained building campaign of the store & loft type building took place in the 1850 s. A major private developer in the district was the Protestant Episcopal Society. The City of New York constructed several public buildings in the district to support services necessary to support local businesses and residents. The last major phase of development in the district involved the erection of tall office buildings. Most are located on the major north-south thoroughfares. One of the earliest was the American Express Building at Hudson Street. Little changed in the area of the TriBeCa West Historic District between the Depression and the 1970 s. Beginning in the 1970 s, artists began to locate in vacated loft spaces in the district. In 1976 the City Planning Commission proposed a Special Lower Manhattan Mixed Use District (LMM) which allowed for residential lofts and light manufacturing in the same area. This was followed in the late 1970 s and early 1980 s by the conversion of store and loft buildings to residential cooperatives. In association with this sharp rise in residential use in the district, many of the ground stories of these buildings have been turned into retail and restaurant space, adding a new vibrancy to what was once New York s most important food commodity, produce, and dairy wholesaling. TriBeCa South Historic District: The TriBeCa South Historic District, Encompassing 70 buildings and two undeveloped lots, contains cohesive block fronts of the mid-nineteenth century store and loft buildings that extend between Broadway and West Broadway, from Chambers Street on the south to Duane and Thomas Streets on the north. West Broadway, historically a major transportation route, forms the western boundary. Chambers Street, the area s major east-west commercial street, linked Broadway, historically the preeminent mercantile thoroughfare, with West Broadway, the location of the Hudson River Railroad line and its depot which opened in 1851 at Chambers and Hudson Street.

22 Neighborhood Character The overwhelming majority of the structures in the TriBeCa South Historic District are store and loft buildings; the homogeneity of this predominant building type bestows a particular distinctiveness on the district. While the store and loft buildings in the district display an overall consistency in form and scale, their exteriors vary somewhat in design sophistication and ornamental quality. Some of the ornamental elements, such as sheet- metal cornices, were chosen from catalogs; almost every building was erected with some exposed cast-iron elements that were often selected from manufacturers stock. In general, the buildings in the district were consciously designed to be impressive advertisements for the businesses they housed. In the TriBeCa South Historic District, most of the store and loft buildings are typically five-story structures with facades composed of cast-iron-framed storefronts and upper walls faced in high quality materials: stone in over forty cases, brick in nearly twenty cases, or, more exceptionally, cast iron. Most of the store and loft buildings are in the Italianate style. The TriBeCa South Historic District was shaped by the growth of the transportation network in New York City and commercial pressures that pushed the urban center northward, displacing residential neighborhoods to accommodate New York s burgeoning wholesale dry goods trade. Throughout the seventeenth and eighteenth centuries, what is now the TriBeCa South Historic District was open land. The early history of the district is reflected in the names of most of the streets. In the blocks belonging to Trinity Church, the cross streets were named after prominent parishioners: James Duane, Joseph Reade, and John Chambers, while the streets paralleling Broadway were dubbed Church Street, in honor of Trinity Church, and Chapel Street, in honor of St. Paul s. Later, Chapel Street was widened to relieve congestion on Broadway and renamed West Broadway. Though the area of TriBeCa South Historic District had been mapped in the mid-eighteenth century, the first phase of urbanization in the district did not get underway until the late 1780 s with the construction of brick and frame workshops and two-and-one-half and three-and-one-half story dwellings. In the 1820 s and 1830 s, wealthy New Yorkers displaced by the expansion of banks and other financial institutions in the previously residential Wall Street area, began moving to Broadway and the side streets between Barclay and Chambers Streets, replacing the older houses in the area with Greek Revival town houses. In the 1850 s, the first store and loft buildings were erected, specifically for dry goods wholesalers, along the north side of Chambers Street between Broadway and Church Streets. Store and loft buildings soon began to appear on other blocks in the district. The area of the TriBeCa South Historic District was also home to H.B. Clafin & Co., the most successful wholesale dry goods firm in the country from the 1860 s through the 1880 s, and the largest in the world by the 1890 s.

23 Neighborhood Character In the first half of the twentieth century, the upper stories of the buildings in the district continued to be used by wholesale businesses, while ground floor stores were frequently converted to retail use. From 1904 to the 1920 s, no new construction took place in the district. However some of the earliest store and loft buildings in the district were refaced in brick. Beginning in the 1970 s, residential tenants began to locate in vacated loft spaces in the district, continuing a trend begun by artists further north in the SoHo area. In 1976 the City Planning Commission proposed a Special Lower Manhattan Mixed Use District (LMM), a zoning designation, which allowed for residential lofts and light manufacturing in the same area. This was followed in the late 1970 s and early 1980 s by the conversion of store and loft buildings to residential cooperatives. The area is now called the TriBeCa Mixed-Use District (TMU). Today, the TriBeCa South Historic District contains a wide range of uses, from traditional businesses, such as several shoe wholesalers on Duane Street, to retail stores and fashionable restaurants, and to a large residential population.

24 Bus Map West Broadway

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26 Property Set Up, p. 1 of 2

27 Property Set Up, p. 2 of 2

28 Certificate of Occupancy, Lot 176 Bl. 13, from DOB site, page 1 of 2

29 Certificate of Occupancy, p.2 of 2

30 C_O Statement DOB 1/2009 for Block 176, Lot 14 p. 1 of 1

31 Certificate of Occupancy, Block 176, Lot 16 from DOB site p. 1 of 1

32 Violations Report As of June 2008 there are the following active violations for the buildings at 171 W. Broadway (Block 16, Lot 13), 175 W. Broadway (Block 16, lot 14) and 177 West Broadway (Block 176, Lot 16) listed on the DOB website: DOB Violations Block 176 Lot 13 Total Open Complaints 6 0 Violations-DOB Violations-ECB (DOB) 2 1 Block 176 Lot 14 Total Open Complaints 8 1 Violations-DOB 2 0 Violations-ECB (DOB) 1 0 Block 176 Lot 16 Total Open Complaints 4 0 Violations-DOB 0 0 Violations-ECB (DOB) 1 0

33 Community District One Information

34 Community District One Information Cont d