THE OPPORTUNITY
Matthews Real Estate and Investment Services has been retained on an exclusive basis to arrange the sale of two contiguous lots at the southwestern corner of Lafayette Street and Grand Street in the Soho neighborhood of Manhattan.
The corner development opportunity is comprised of 158 Lafayette Street (aka 151 Grand Street) and 147-149 Grand Street. The corner building, 158 Lafayette Street, is 100% vacant and requires extensive renovations. 147-149 Grand Street is comprised of 6 occupied free market apartments and 2 stores. The short term leases provide significant cash flow. The combined lot area of the 2 properties is approximately ±7,165 SF which allows for a zoning floor area of approximately ±85,000 SF. Both properties are located in the Soho Cast Iron Historic District and Mandatory Inclusionary Housing district.
Broker of Record
- Cory Rosenthal
- License No. 10991237833 (NY)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203