- New Developments
86 Elizabeth St - Little Italy - Chinatown, New York
Almost unheard of opportunity in prime Chinatown/Little Italy district, just a few blocks from Soho, this pristine and impeccably maintained five-story building presents a multitude of opportunities for the savvy buyer! Currently approximately 9433 SF (including 1333 SF of storage) with some 4000+ additional air rights available to be built under FAR, the capability for expansion of this 25-ft wide property increases the value in all facets of future use, including conversion to a condominium or luxury rental building. Building will be delivered vacant with a flexible closing timeframe, the current configuration is two open layout office's per floor, with a total of seven full bathrooms and three half baths throughout. The recently replaced roof affords a wonderful open view in all directions, and all electricals and mechanicals are in excellent shape. Convenient to all of the Canal Street subways as well as the best as far as this ever-expanding and changing area's bars, restaurants and boutiques. This building has been owned by the same family for over 40 years.
This listing courtesy of Douglas Elliman
575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2019 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. DRE # 01947727