street - loopnet › d2 › my_45viqhu4mff4fd_pxqnwfd... · 2018-02-13 · quiet cobbled street in...

109 MULBERRYSTREET

NEW YORK, NY

50’ WIDE DEVELOPMENT SITE

FOR SALE

TABLE OFCONTENTS

EXECUTIVE SUMMARY

MARKET OVERVIEW

PHOTOGRAPHS

CONDO MARKET

DUE DILIGENCE

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FOR INFORMATION REGARDING THE SALE, PLEASE CONTACT EXCLUSIVE AGENTS:

Guthrie GarvinSenior Managing Director(212) 660 [email protected]

Robert BurtonSenior Managing Director(212) 660 [email protected]

ASKING PRICE

$14,000,000

Michael GembeckiDirector(212) 660 [email protected]

Keegan MehlhornAssociate Director(212) 660 [email protected]

Offering Memorandum DisclaimerThis Confidential Offering Memorandum (“Memorandum”) is being delivered subject to the terms of the Confidentiality Agreement (the “Confidentiality Agreement”) signed by you and constitutes part of the Confidential Information (as defined in the Confidentiality Agreement). It is being given to you for the sole purpose of evaluating the possible investment in 109 Mulberry Street, New York, NY (the “Project”), and is not to be used for any other purpose or made available to any other party without the prior written consent of the owner, or its exclusive broker, Cushman & Wakefield. This Memorandum was prepared by Cushman & Wakefield based primarily on information supplied by Managing Member. It contains select information about the Project and the real estate market but does not contain all the information necessary to evaluate the Project. The financial projections contained herein (or in any other Confidential Information) are for general reference only. They are based on assumptions relating to the overall economy and local competition, among other factors. Accordingly, actual results may vary materially from such projections. Various documents have been summarized herein to facilitate your review; these summaries are not intended to be a comprehensive statement of the terms or a legal analysis of such documents. While the information contained in this Memorandum and any other Confidential Information is believed to be reliable, neither Cushman & Wakefield nor Managing Member guarantees its accuracy or completeness. Because of the foregoing and since the investment in the Project is being offered on an “As Is, Where Is” basis, a prospective investor or other party authorized by the prospective investor to use such material solely to facilitate the prospective purchaser’s investigation, must make its independent investigations, projections and conclusions regarding the investment in the Project without reliance on this Memorandum or any other Confidential Information. Although additional Confidential Information, which may include engineering, environmental or other reports, may be provided to qualified parties as the marketing period proceeds, prospective purchasers should seek advice from their own attorneys, accountants, engineers and environmental experts. Neither Cushman & Wakefield nor Managing Member guarantees the accuracy or completeness of the information contained in this Memorandum or any other Confidential Information provided by Cushman & Wakefield and Managing Member. Managing Member expressly reserves the right, at its sole discretion, to reject any offer to invest in the Project or to terminate any negotiations with any party at any time with or without written notice. Managing Member shall have no legal commitment or obligations to any prospective investor unless and until a written sale agreement has been fully executed, delivered and approved by Managing Member and any conditions to Managing Member’s obligations thereunder have been satisfied or waived. Managing Member has retained Cushman & Wakefield as its exclusive broker and will be responsible for any commission due to Cushman & Wakefield in connection with a transaction relating to the Project pursuant to a separate agreement. Cushman & Wakefield is not authorized to make any representation or agreement on behalf of Managing Member. Each prospective investor will be responsible for any claims for commissions by any other broker in connection with an investment in the Project if such claims arise from acts of such prospective investor or its broker. This Memorandum is the property of Managing Member and all parties approved by Managing Member and may be used only by parties approved by Managing Member. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as permitted under the Confidentiality Agreement.

Bobby CarrozzoSenior Associate(212) 589 [email protected]

Alexander BallAssociate (212) 660 [email protected]

nyinvestmentsales.com4 109 Mulberry | Cushman & Wakefield 5

109 Mulberry Street is a 50’ wide development site located in the heart of Little Italy between Canal and Hester streets. Formerly a rectory, 109 Mulberry sits on a 5,000+ square foot lot; prime for development.

206 / 24 BLOCK LOT

50.4’ x 100.9’ LOT DIMENSIONS (APPROX.)

5,088 LOT SQUARE FOOTAGE (APPROX.)

4.5 FLOOR AREA RATIO

C6-2G ZONING

Little Italy SPECIAL DISTRICT

22,896 BUILDABLE SQUARE FOOTAGE (APPROX.)

109 Mulberry Street WEST SIDE OF MULBERRY BETWEEN CANAL STREET AND HESTER STREET

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EXECUTIVESUMMARY Property Highlights

109 Mulberry Street is on the west side of Mulberry Street with Hester Street to the north and Canal Street to the south, located in the heart of Little Italy. Little Italy’s culture, character and traditions have withstood the test of time, making the neighborhood a popular destination for residents and tourists, alike. Presently, 109 Mulberry Street is a former rectory located directly behind the Church of the Most Precious Blood. Sitting on a 5,088 square foot lot, the former rectory is a 5,400 square foot, three-story building. Located within the Special Little Italy District in underlying zoning C6-2G, 109 Mulberry Street presents buyers with a rare development opportunity, primed for residential condominiums with retail on the ground floor.

109 Mulberry | Cushman & Wakefield 7nyinvestmentsales.com6

Little Italy The Manhattan neighborhood which encompasses 109 Mulberry Street is known as Little Italy. Today Little Italy is a vibrant international destination. The heart of Little Italy is world renowned and extends along Mulberry Street from Canal to Houston Streets.

In the second half of the 19th century, NYC’s Italian immigration reached its peak, with several Italian parishes and an Italian-language newspaper. The area held a likely resemblance to The Godfather series by Martin Scorsese where Italian, not English was the first language of its residents. Today, there are fewer than 5,000 Italians living in Little Italy, but the heavenly aromas of the Italian bakeries and restaurants still waft throughout Mulberry and Grand Streets. At its height of influence, Little Italy extended as far south as Bayard Street, as far north as Bleecker, as far west as Lafayette, and as far east as the Bowery. As Italian-Americans left Manhattan for other boroughs, neighborhoods and suburbs in the middle of the twentieth century, the neighborhood recognizable as Little Italy gradually shrank.

As such, the northern reaches of Little Italy, near Houston Street, ceased to be recognizably Italian, eventually becoming the neighborhood known today as NoLita, an abbreviation for North of Little Italy.

The cobblestone streets are reminiscent of the old days of New York. Numerous restaurants on both sides of the street have outside seating, making people watching an ideal pastime on a sunny day. These restaurants and shops help Little Italy maintain an authentic Italian atmosphere. Filmmakers and photographers alike have found these streets an inspiration to their crafts.

New developments around the area such as shopping boutiques, bars, and trendy residential lofts/condominiums ensure that this area will be long lived in the future by not only its deep rooted cultural past but also by its ability to adapt with the times.

Landmarks include Old St. Patrick’s Church and the Police Building. It is a popular neighborhood, filled with Old World atmosphere and many excellent eateries, among them Umberto’s Clam House, Da Nico, Casa Bella, and Original Vincent’s.

Art galleries in Little Italy/SoHo include John McEnroe,

Louis K. Meisel, Lumas, Peter Lik SoHo, Animazing Gallery,

Aesthetic Realism Foundation, Dutesco Art, and Brentano’s.

Museums or their stores include, The Drawing Center, the

Guggenheim SoHo, the New Museum of Contemporary Art,

and the MOMA Design Store. Theatres include the SoHo

Playhouse and the Wooster Group.

Arts & Culture

Many established hotels lie directly west of Little Italy, in the

core of SoHo. Andre Balazs brought us the exclusive Mercer

Hotel at Mercer and Prince. The Sterns’ delivered the SoHo

Grand Hotel. SIXTY Hotels owns and operates SIXTY SoHo

(formerly 60 Thompson). Additionally, the barriers of Soho

are being pushed further west with the opening of Trump

SoHo, a hotel and condominium on Spring Street. All cater

to exclusive clientele and enjoy extremely high occupancy

rates year round.

Hotels

Little Italy is known for an abundance of restaurants on both

sides of the street, with many boasting outdoor seating.

These authentic Italian restaurants attract tourists and

foodies from across the world. Some famous restaurants

include Sal’s Little Italy, Lombardi’s Pizza, Pellegrino’s,

Umberto’s Clam House, Da Nico, Casa Bella, Original

Vincent’s and many others.

Restaurants

New York University’s campus is centered around Washington

Square Park, a few blocks northwest of Little Italy. Many

teachers and students are housed in the surrounding area

and the NYU Bus can be seen regularly making its way

down West Broadway, across Spring, down Broadway or up

Lafayette. The school has an enormous influence on New

York City and Little Italy/SoHo in particular.

EducationRetailAlthough Little Italy is known for its smaller boutiques

featuring authentic wares and foods, it is neighbors with

one of the largest shopping districts in New York. SoHo

has become one of the leading sources of creativity for the

fashion and retail industries as well as many other forms

of merchandise. In fashion, Jill Stuart, Kenneth Cole, Kate

Spade, Armani, Chanel, Louis Vuitton, the MOMA Design

Store, Prada, Stephane Kelian, DKNY, Ferragamo, Dolce

and Gabbanna, Burberry, Anna Sui, Agnes B. and countless

others can be spotted on a casual walk through SoHo.

Apple recently opened its first Apple Store in the old Post

Office Building on Prince Street and dedicated techies

formed a line all night long awaiting its first opening.

MARKETOVERVIEW


Opening in 1897, Lombardi’s is a Little Italy staple. Lombardi’s began as a grocery store where the Owner’s made pizzas in the bakery as a way to use up the day’s leftover dough. Licensed by the City in 1905, it is arguably America’s first true pizzeria. Now a famous tourist attraction, customer’s enjoy a simple menu of coal-fired, Neapolitan pizza. Lombardi’s holds true to its authenticity by serving whole pies only. Recently, for the Shop’s 100th-year anniversary, pies were sold for five cents, the same price as opening day.

Lombardi’s Pizza

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POINTS OF INTEREST

109 MULBERRYSTREET

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The annual feast of San Gennaro takes place on the streets of Little Italy for 11 days each September. Attracting over one-million people each year, Italian heritiage remains alive and well in what is an annual salute to the Patron Saint of Naples. The feast consists of parades, religious ceremonies, musical entertainment and more. Those with a competitive side are encouraged to participate in the annual, world-famous, cannoli-eating contest. According to Figli di San Gennaro, Inc, the group that organizes this annual tradition, “The Feast brings the world to Little Italy and Little Italy to the world.”

San Gennaro Feast2

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Crosby Street Hotel is situated on a quiet cobbled street in the heart of New York’s vibrant SoHo neighborhood. There are 86 bedrooms and suites over 11 floors.

Interior design by Kit Kemp reflects a fresh, contemporary style. There is The Crosby Bar, a private leafy garden, guest drawing room, several stylish private event and meeting rooms, a luxurious 99 seat screening room and fully equipped gym.

Crosby Street Hotel4

The most expansive university in Manhattan, New York University is a mainstay in Greenwich Village and has expanded their presence into the East Village. The private university has prominent dorming at 33 3rd Avenue, 55 East 10th Street, 129 3rd Avenue, 1 East 2nd Street, and most recently a 26-story dorm on East 12th Street. With over 12,500 resident students and thousands of others living in the area, NYU has provided stability and driven retail demand east of Lafayette Street over the last 20 years.

New York University3The oldest Italian cheese shop in America, Alleva dairy has been providing the residents of Little Italy with fresh ricotta and mozzarella for over one-hundred years. The shop’s original wall tiles and tin ceilings make for an old school atmosphere like no other. A family owned business for four generations, Alleva Dairy is a unique staple of the neighborhood located on the corner of Grand and Mulberry Streets.

Alleva Dairy5

A family owned, Italian grocery store, located on the corner of Mott and Grand Streets, Di Palo’s offers delicious Italian cheeses, cured meats, pasta, olive oil, and sauces. Its stocked pantry, filled with the freshest ingredients, imported directly from Italy have made Di Palo’s a neighborhood favorite since 1925.

Di Palo’s Fine Foods6


While the neighborhood has a tremendous amount of amenities and cultural offerings for its residents and visitors, part of the allure of coming to Little Italy is its remarkable accessibility to the entire city. The neighborhood is primarily served by the 6, B, D, F, J, M, N, Q, R, and Z subway lines, which serve all corners of Manhattan and the boroughs. The Canal Street J, N, Q, R, Z and 6 train stop provides access directly into the heart of Little Italy. The cross-town M21 buses provide arguably the bus system’s largest convenience, allowing residents to get to and from the East Side of Manhattan through to the Hudson River. By car, there is easy access to the Brooklyn Bridge, Manhattan Bridge, and Brooklyn-Battery tunnel. The area is equally accessible to John F. Kennedy, LaGuardia and Newark airports.

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LITTLE ITALYTRANSPORTATION


Population Demographics2000

Census2010

Census2015

Estimates2020

Projection% Change2010-2015

% Change2015-2020

Total Population 10,767 9,508 10,145 10,039 6.7% -1.0%

Population Density (Pop/Sq. Mi.) 91,991 74,752 86,672 85,771 15.9% -1.0%

Total Households 4,643 4,689 5,032 5,091 7.3% 1.2%

Household Income2000

Census2010

Census2015

Estimates2020

Projection% Change2010-2015

% Change2015-2020

$0-$15,000 1,178 25.4% 933 19.9% 963 19.1% 837 16.4% 3.2% -13.0%

$15,000-$24,999 689 14.8% 474 10.1% 513 10.2% 499 9.8% 8.2% -2.8%

$25,000-$34,999 360 7.8% 342 7.3% 322 6.4% 305 6.0% -5.7% -5.3%

$35,000-$49,999 618 13.3% 380 8.1% 413 8.2% 389 7.6% 8.6% -5.8%

$50,000-$74,999 630 13.6% 739 15.8% 742 14.7% 642 12.6% 0.3% -13.5%

$75,000-$99,999 356 7.7% 376 8.0% 404 8.0% 430 8.5% 7.4% 6.5%

$100,000-$149,999 466 10.0% 571 12.2% 593 11.8% 701 13.8% 3.8% 18.2%

$150,000+ 288 6.2% 874 18.6% 1,082 21.5% 1,288 25.3% 23.9% 19.0%

Average Income $56,607 $111,726 $117,607 $136,602 5.3% 16.2%

Median Income $36,436 $59,181 $61,522 $70,328 4.0% 14.3%

Income Per Capita $24,408 $55,600 $58,798 $69,746 5.8% 18.6%

2015 Daytime Population Demographics

Total Daytime Population 24,686 Age 16 and Over at the Workplace 21,287

Population aged 16 and under (Children) 664 Age 16 and Over Unemployed 249

Daytime Population Aged 16 and Over 24,022 Age 16 and Over Working from Home 535

Students Pre-K to 8th Grade 462

Students 9th Grade to 12th Grade 0

Post-Secondary Students 551

Homemakers Aged 16 and Over 788

Source: Experian Marketing Services Inc.

LITTLE ITALYDEMOGRAPHICS


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MULBERRY STREET FRONTAGE

LOT DIMENSIONS

BUILDABLE SQUARE FOOTAGE

50’

100’ x 50’

22,896 SFMAXIMUM BUILDABLE HEIGHT 75’MAXIMUM LOT COVERAGE 100%

STATS & PHOTOGRAPHS

Property Stats

From the center of the lot at 109 Mulberry facing Mulberry Street.

Aerial view looking down into 109 Mulberry Street’s full lot.


Former structure (Rectory) on the lot at 109 Mulberry Street.

Southern view of Mulberry Street from in front of 109 Mulberry St.

Southwest view from across the street of 109 Mulberry Street.


Northwest view from across the street of 109 Mulberry Street.

Church of the Most Precious Blood is directly behind the site at 109 Mulberry Street with frontage on Baxter Street. This is a view looking north along Baxter Street.

Rooftop view from 109 Mulberry Street.


129 Lafayette

CONDOMARKET

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109 MULBERRYSTREET

152 Elizabeth by Sumaida and Khurana is the brainchild of architect Tadao Ando. The developer duo sought out Ando and convinced him to design his first project in New York City. The development will feature Ando’s medium of choice, architectural concrete. Located on the corner of Kenmare and Elizabeth Street the development will be one of many condo projects in the area, yet its unique design features will set it apart.

152 Elizabeth Street

The Puck Building features 6 penthouse residential condominiums. The building was redeveloped by Kushner Companies, and designed by architect Jose Ramirez. The Puck Building, on the corner of Lafayette and West Houston is a mixed use building with retail on the ground floor, office space above, and topped off with the residential condominiums. Each of the penthouses features its own unique layout creating a true one-of-a-kind home.

Puck Building

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Address Unit Bed Bath Price SF Price/SF

1) 152 Elizabeth Street #5 4 4 $15,200,000 4,080 $3,725

152 Elizabeth Street #3W 3 3 $6,850,000 1,946 $3,522

152 Elizabeth Street #3E 2 2 $6,100,000 1,968 $3,100

2) Puck Building PHV 4 6 $29,500,000 5,672 $5,200

Puck Building PHI 4 7.5 $58,500,000 7,241 $8,079

3) 215 Chrystie Street PH1 3 4 $23,500,000 4,300 $5,465

215 Chrystie Street #29E 3 3 $8,150,000 2,243 $3,634

215 Chrystie Street #27W 2 2 $7,250,000 1,977 $3,667

4) 56 Leonard Street PH57 4 4 $29,500,000 5,252 $5,617

56 Leonard Street 16B 4 4 $8,700,000 3,094 $2,812

56 Leonard Street 7E 3 3 $6,500,000 2,897 $2,244

11 one-of-a-kind condominium residences conceived by Ian Schrager and designed by Pritzker Prize award-winning architects Herzog & de Meuron. Located in the New York City’s Bowery Neighborhood, at the crossroads of the most vibrant and exciting neighborhoods, 215 Chrystie is the center of the center.

215 Chrystie Street

56 Leonard is a new Global Landmark in Tribeca. Developed by Alexico Group and designed by Herzog & de Meuron, 56 Leonard is a vertical glass expression of sculpted surfaces, cantilevers and sparkling glass with an original Anish Kapoor sculpture at its base. The 145 unique condominium residences, each with private outdoor space, range from open lofts to five bedrooms. Soaring ceilings and floor-to-ceiling glass window walls reveal breathtaking panoramas of the cityscape, water, bridges and beyond. Izak Senbahar’s vison for an iconic tower in the New York skyline for this Tribeca location was actualized by Pritzker-Prize winning architects Herzog & de Meuron. At 60 stories, 56 Leonard is a monumental symbol of great art and architecture with an original Anish Kapoor sculpture at its base. Called the most alluring addition to the downtown skyline in decades, 56 Leonard’s 17,000 square feet of amenities include a 75’ infinity pool, indoor/outdoor theater, outdoor sundeck, fitness center, treatment rooms, steam room, sauna, lounge and children’s playroom.

56 Leonard Street

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Zoning - C6-2G

New York City’s zoning regulates permitted uses of the property; the size of the building allowed in relation to the size of the lot (“floor to area ratio”); required open space on the lot, the number of dwelling units permitted; the distance between the building and the street; the distance between the building and the lot line; and the amount of parking required. The commercial district has eight different classifications. The manufacturing district has three different classifications. The residential district has ten different classifications.

109 Mulberry Street is zoned C6-2G which has a base FAR of 4.5. The property is located inside of the Special Little Italy District.

DUE DILIGENCE

109 MULBERRYSTREET


BackgroundThe Special Little Italy District was formed in 1977 with the purpose of preserving and strengthening the historical and cultural character of the community. The Special Purpose District’s regulations protect the scale of storefronts of existing retail uses allowing the area to remain a unique regional shopping destination; preserve the vitality of street life; and provide amenities such as public open spaces and parks. The section below highlights rules and regulations for buildings within the Special Little Italy District.

General RequirementsUnderlying zoning regulations for the area still apply, except where specifically noted below:

• Sidewalk cafes require approval from the Board of Estimate

• The Zoning Resolution outlines several buildings that are socially or traditionally significant and cannot be demolished or have their external architectural features altered (See Buildings of Special Significance List)

• The exterior of the front wall of buildings are to be made predominantly of masonry

• Special Little Italy District is broken into four areas: Area A, Area A1, Area B and Area C

• Modifications of Special Little Italy District provisions may be authorized by the City Planning Commission after reviewing a formal application.

Buildingsof Special

Significance

113 Baxter Street

363 Broome Street

375 Broome Street

124-126 Bowery

240 Centre Street

209 Elizabeth Street

260-268 Elizabeth Street

174 Grand Street

190 Grand Street

192 Grand Street

128-130 Mott Street

256-258 Mott Street

262-272 Mott Street

277 Mott Street

201-205 Mulberry Street

266 Mulberry Street

11 Spring Street

34-36 Spring Street

SPECIAL LITTLE ITALY DISTRICT


Area A - Preservation AreaFloor Area Ratio

• Corner Lots - FAR may not exceed 4.8

• Interior Lots - FAR may not exceed 4.1

Maximum Lot Coverage• Corner Lots - 70 Percent

• Interior Lots - 60 Percent

• If a lot is improved with more than one building, maximum coverage increases from 60 to 70 percent

Building Height and Setbacks• Maximum Height- 75 feet or seven stories above curb level, whichever is less

• Requirement does not apply to enlargements made prior to February 2, 2011 with legally issued permit

• Rear Yard - At least a 30 foot deep rear yard is required for all buildings developed after February 3, 1977

• Front Wall - Must extend full length of front lot line so long as there are no obstructions

• Setback- Facade can rise lesser of 65 feet or six stories without a setback

• 10 foot setbacks required for buildings taller than aforementioned height

Open Recreation Space and Landscaping Requirements• Requirement - 20 percent of lot area must be landscaped (all buildings developed/enlarged after February 3, 1977)

• If the landscaped area is on the building roof, all mechanical equipment must be enclosed

• Seating - One linear foot for every 50 square feet of open space

Rehabilitation or Conversion of Existing Buildings• Underlying district density regulations do not apply when commercial, residential or residential portions of mixed-use buildings

are rehabilitated or converted for residential use.

• The District requires no more than one room per 230 square feet of gross floor area.

Area A1 - Mulberry Street Regional SpineRules and regulations of Area A remain applicable with the following exceptions:

Floor Area Ratio• FAR varies by block location as well as use

• Commercial uses, Corner lots - 5.1 FAR

• Commercial uses, Interior or through lots - 4.5 FAR

• Community facility or residential uses, Corner lots - 4.1 FAR

• Community facility or residential uses, Interior or through lots - 3.5 FAR

• Mixed-use buildings - FAR based off whichever use permits the greatest floor area

Maximum Lot Coverage• Commercial spaces up to 23 feet in height - Maximum lot coverage is 100 percent

Storefronts in New Buildings and Alterations of Existing Storefronts• Street frontage supporting a use other than retail (i.e. residential lobby) cannot exceed 25 feet in width

• Show Windows - Must be between 8 and 10 feet tall with a sill height of 2 feet 6 inches, or less

• Transparent Areas - Should be less than 10 feet in width

• Entrances can be setback two feet beyond the show windows

Area B - Houston Street CorridorAll underlying district rules and regulations apply except uses listed in Use Groups 6D, 8C and 12D

Floor Area Ratio• Residential - FAR may not exceed 7.52

• Commercial - FAR may not exceed 6.0

• Community Facility - FAR may not exceed 7.5

• Floor area cannot exceed 7.52 under any circumstances

Maximum Lot Coverage• Corner Lots - 80 Percent

• Interior or Through Lots - 70 Percent


Special Little ItalyDistrict Map

Height and Setback• Street Wall - To be located directly on street lot for entire

length of lot for the greater of the first 23 feet or two stories

• Wide Streets - Height requirement increases

from 23 to 60 feet

• For heights greater than the threshold

mentioned above a setback up to 10 feet is

permissible

Open Recreation Space and Landscaping

Requirements • Ground Floor Walls - Ground floor building walls 20 feet or

more in length are to be covered in vines or similar plantings

so as to mask large area of blank walls

• Plantings can include shrubs, ivy or creepers

and the soil depth must be at least 2 feet, 6

inches deep and 24 inches wide

• Additionally, 20 percent of the lot area shall

be usable, landscaped space for building

occupants or the public

Area C - Bowery, Canal, Kenmare Street Corridor

Floor Area Ratio • Consistent with underlying zoning

Maximum Lot Coverage• Residential - 60 Percent

• Commercial - 100 Percent for Ground Floor, 70 Percent

thereafter

Height and Setback

• Maximum Height - Cannot exceed the lesser of 85 feet or

eight stories above curb level

• Street Wall - Should extend along the full length of the

front lot line, rising upwards without setback

Uses• Zoning lots within 100 feet of Area A1 fall under Use Group

LI (See next page)

Use Group LI Convenience Retail Establishments

• Bakeries

• Barber shops

• Beauty parlors

• Drug stores

• Dry cleaning or clothes pressing establishments, limited to 2,500 square feet of floor area per establishment on the ground floor

• Eating or drinking establishments, including those which provide outdoor table service or have music for which there is no cover charge and no specified show time

• Eating or drinking establishments, with entertainment but not dancing, with a capacity of 200 persons or less Eating or drinking establishments, with musical entertainment but not dancing, with a capacity of 200 persons or less

• Food stores, including supermarkets, grocery stores, meat markets, delicatessen stores, limited to 5,000 square feet of floor area per establishment on the ground floor

• Hardware stores

• Package liquor stores

• Post offices

• Stationery stores

• Tailor or dressmaking shops, custom

• Variety stores, limited to 5,000 square feet of floor area per establishment on the ground floor

Retail or Service Establishments

• Antique stores

• Appliance stores, limited to 5,000 square feet of floor area per establishment on the ground floor

• Art galleries

• Artist supply stores

• Bicycle sales and rental establishments

• Book stores

• Candy or ice cream stores

• Carpet or rug stores, limited to 5,000 square feet of floor area per establishment on the ground floor

• Cigar or tobacco stores

• Clothing or clothing accessory stores, limited to 5,000 square feet of floor area per establishment

• Clothing rental

• Clubs, non-commercial, without restrictions on activities or facilities, limited to 2,500 square feet of floor area per establishment on the ground floor

• Dry goods or fabric stores, limited to 5,000 square feet on the ground floor

• Florist shops

• Furniture stores, limited to 5,000 square feet of floor area per establishment on the ground floor

• Furrier shops, custom

• Gift shops

• Interior decorating establishments, limited to 750 square feet of floor area per establishment on the ground floor

• Jewelry or art metal craft shops

• Leather goods, crafts or luggage stores

• Locksmiths shops

• Meeting halls, limited to 25 foot frontage

• Millinery shops

• Music stores

• Newsstands, open or enclosed

• Optician or optometrist

• Paint stores

• Pet shops

• Photographic equipment or supply stores

• Photographic studios

• Picture framing shops

• Record stores

• Shoe stores

• Stamp or coin stores

• Telegraph off ices

• Theaters, limited to 25 foot frontage

• Toy stores

• Travel bureaus

• Watch or clock stores or repair shops

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Tax Map Certificate of Occupancy

Tax Bill

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Price Request with Corridor

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In addition to submitting a price for the property as-is, seller requests bidders to submit a price for the property considering Scenario B. In Scenario B the buyer would construct an accessway from Mulberry Street to the rear of to the Most Precious Blood Church (directly behind 109 Mulberry Street.) More details regarding this accessway available upon request.

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Keegan MehlhornAssociate+1 212 660 [email protected]

Robert BurtonExecutive Director+1 212 660 [email protected]

275 Madison Ave, 3rd FLNew York, NY, 10016cushmanwakefield.com

Keegan MehlhornAssociate Director(212) 660 [email protected]

Guthrie GarvinSenior Managing Director(212) 660 [email protected]

Robert BurtonSenior Managing Director(212) 660 [email protected]

Michael GembeckiDirector(212) 660 [email protected]

For more information regarding the sale, please contact one of the following individuals:

Bobby CarrozzoSenior Associate(212) 589 [email protected]

Alexander BallAssociate (212) 660 [email protected]

street - loopnet › d2 › my_45viqhu4mff4fd_pxqnwfd... · 2018-02-13 · quiet cobbled street in...

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