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32 Orchard Street - Lower East Side

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32 Orchard Street - Lower East Side

Welcome to the NEW LOWER EAST SIDE GALLERY ROW.Breathtaking Fully Prewar three story plus finished basement mixed-use building. Contains three Spectacular commercial spaces on the First Floor and basement and two Extraordinary Free Market residential three-bedroom/two baths floor-through loft apartments on the Second - Third Floors with washer/dryer (total of 2 units). The First Floor and basement are set-up as three offices but can be easily reconfigured into one, two or three stores). Approximately 5,000 square feet plus basement. Zoned C6-2 with Commercial FAR = 6.0/Residential FAR = .94 to 6.02. Maximum buildable square footage 9782 square feet; therefore, there are approximately 5,232 square feet of unused air rights. Projected Gross Income = $309,375.00 per annum. Approximate Expenses = $41,850.00 per annum. Projected NOI = $267,525 per annum. The property has a new roof, and is fully sprinklered. BEST OF ALL THERE IS approx. 5232 sq ft. OF AIR RIGHTS! waiting for you to build a wonderful Penthouse.


This listing courtesy of Douglas Elliman

Property Details:
  • 32 Orchard Street
  • Price: $6,000,000
  • Neighborhood: Lower East Side
  • Commercial
  • Approximate Square Feet: 11,000
  • Listing ID: 1304784
Building Details:
  • Prewar
Area Details:
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Other Commercials in Lower East Side
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© Prudential Douglas Elliman Real Estate.
All Rights Reserved.

All data is deemed reliable but is not guaranteed accurate by the RLS or Douglas Elliman. See Terms of Service for additional restrictions.

All information regarding a property for sale, rental, taxes or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.

The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.

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