286 Broome, New York

$5,500,000

0 Beds
0 Baths
10,779 Sqft
0 Acres
0 Garages

Manhattan Lower East side/Off Chinatown prime location! Original owner for 40 years! Very well maintained 5 story building 8 Family plus storefront walk up with Storefront 1,700 sq. ft on short term lease (may be able to be delivered vacant plus additional 1,000 finished basement with it separate front entrances & back exit, 1/2 bath & high 10 ft ceiling, new ceramic floors, Heat & more! 22 ft wide building by 69 sq ft deep!! Large private enclosed backyard! Fire escape! Building approx. 10,779 total sq ft not including basement! Property on a 21.92 ft x 102.08 ft lot size! Possible 2 vacancy above store! Owner recently finished & renovated entire basement, Electric, Gas boiler & new Hot water system, Intercom system, stairs & much more!!! Air rights of 1,834 still available with potential to extend property and maximize usage. CAP rate with projected upside potential! Low Real Estate taxes $ 14,127 annually! Fully 100% occupy building ALL tenant pays on time! Buy today before prices skyrockets! Property is located in the section of the Lower East Side currently converting to a new wave of businesses consisting in restaurants, bars, cafes and retail. The building is just 3 blocks away from Houston Street featuring Essex common, the best dive bars, old school music venues, posh cocktail lounges and hip restaurants the city has to offer. The Lower East Side was once considered a grungy neighborhood, but over the past couple of decades increasing numbers of NYU students and newcomers to the city have settled there, bringing with them a more mainstream vibe. Near trains, buses & much more!

Essential Information
MLS® #448528
Price$5,500,000
Bathrooms0.00
Square Footage10,779
Year Built1900
TypeMixed Use / Store & Family
Sub-TypeMixed Use
StatusActive
Community Information
Address286 Broome
AreaLower East Side
CityNew York
CountyNew York (Manhattan)
StateNew York
Zip Code10002
Interior
InteriorHardwood, Ceramic
Interior FeaturesIntercom
HeatingSteam/Radiator
Has BasementYes
BasementFinished, Walk-in
# of Stories6
Exterior
ExteriorBrick
RoofFlat, Rubber
ConstructionBrick
FoundationPoured Concrete
Exterior Features

Fence - Full, Outside Storage Area, Other, Sign - Building, Sign - Door, Storm Drains

Additional Information
Date ListedFebruary 20th, 2021
Days on Market2
ZoningC4-4A
LISTING MAP

Get directions to this property:

Listing courtesy of Brooklyn Real Property Inc.

© 2021 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: April 11th, 2021 at 9:45am EDT

Listing courtesy of Brooklyn Real Property Inc.

© 2021 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: April 11th, 2021 at 9:45am EDT

Sign up for email updates