109 East 9Th Street, New York, Ny 10003 East Village
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109 EAST 9TH STREET, NEW YORK, NY 10003 Prime East Village Retail Opportunity w/ Value-Add Potential + Air Rights | FOR SALE Bidding Deadline 4:00PM on Thursday, February 11th PROPERTY INFORMATION Block / Lot 555 / 40 Lot Dimensions 37.5' x 69.83'* Lot Size 2,095 Sq. Ft. (Approx.) Building Dimensions 30' x 69.83' Stories 5 SRO Residential Units 13 Commercial Units 1 Units 14 Building Size (Above Grade) 6,260 Sq. Ft. (Approx.) Building Size (including Basement) 8,355 Sq. Ft. (Approx.) C6-2A, R8A Zoning (Residential Equivalent) 5.4 Base FAR / FAR 6.0 Commercial / 7.2 FAR Inclusionary Base Buildable Area - Resi 11,312 Sq. Ft. (Approx., as-of-right) Buildable Area - Commercial 12,580 Sq. Ft. (Approx., as-of-right) Buildable Area w/ IH 15,083 Sq. Ft. (Approx., as-of-right) Assessment (20/21) $1,271,250 Real Estate Taxes (20/21) $133,952 * Please inquire for details regarding a 7.5' wide portion of an adjacent alleyway that is included in the offering. EAST VILLAGE TURNKEY 37.5' C6-2A Location Retail Space Wide* Zoning PROPERTY DESCRIPTION Ariel Property Advisors presents 109 East 9th Street, a unique mixed-use building that is subject to an easement with a neighboring property, while also investment opportunity on the north side of East 9th Street between Third and serving as a fire exit for the restaurant space. Please inquire for more details. Fourth Avenues in the heart of Manhattan’s East Village. 109 East 9th Street sees tremendous foot traffic and has outstanding retail The property is improved by 5-story, 30’ wide, 6,260 sq. ft. (approx.) walk-up potential because of its central location among the East Village’s most significant building that contains 1 retail unit and 13 SRO units. The retail unit, which educational and cultural institutions. New York University, Cooper Union and the currently operates as a restaurant and will be delivered vacant, spans the entire Manhattan campus of St. John’s University Law School are all steps away from the ground floor, the entire basement and most of the second floor. Equipped with 2 building. The property is further enhanced by the many performance theaters, full bars, a fully operational kitchen and 5 bathrooms, the retail space is in turn- parks, movie theaters, comedy clubs, boutiques, bars and diverse dining options key condition allowing for immediate use for a bar/restaurant space or investors that surround it. Transportation is easiliy accessible via the 6/R trains that are can take advantage of the flexible layout for alternative use. The property’s 13 around the corner, as well as Union Square station and the Houston Street F train SRO units occupy space on the second, third and fourth floors. Four of these that can both be reached in under 15 minutes by foot. SRO units will be delivered vacant. Future development or air rights sales may be a consideration given the property’s C6-2A zoning (FAR:5.4 base residential, 6.0 Offering a prime retail opportunity and future value-add potential, 109 East 9th commercial, or 7.2 w/ inclusionary housing). Street represents a premier Manhattan opportunity for owner-users and investors. The offering also includes a 7.5’ wide alleyway that runs along the west side of the * Please inquire for details regarding a 7.5’ wide portion of an adjacent alleyway that is included in the offering. $3,750,000 $599 $265 THURSDAY, FEBRUARY 11TH @ 4PM 212.544.9500 Asking Price $/SF $/BSF - Base FAR Bidding Deadline arielpa.nyc For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info Victor Sozio x12 Michael A. Tortorici x13 Howard Raber, Esq. x23 Matthew L. Gillis x42 Jack Moran x60 Ahron Sussman x18 [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. 4 January 2021 8:27 pm E 21 ST E 21 ST 109 EAST 9TH STREET, NEW YORK, NY 10003 E 20 ST Prime EastE Village20 ST Retail OpportunityGRAMERCY PARKw/ Value-AddSOUTH Potential + Air Rights | FOR SALE EAST 20 ST Bidding Deadline 4:00PM on Thursday, February 11th E 19 ST E 19 ST PARK AVE S E 18 ST E 18 ST THIRD AVE FDR DRIV E E 17 ST IRVING PLACE E 17 ST FIFTH AVE FIRST AVE MINUTE WALK E 16 ST 10 E 16 ST EAST 16 ST Union UNION SQ EAST AVENUE C Square RUTHERFORD PL E 15 ST E 15 ST NATHAN D PERLMAN PL EAST 15 ST UNION SQ WEST Park 14 St– Union Sq 1 Ave EAST 14 ST E 14 ST E 14 ST EAST 14 ST 3 Ave E 13 ST E 13 ST FIRST AVE EAST 13 ST EAST 13 ST FIFTH AVE 3 SECOND AVE E 12 ST E 12 ST EAST 12 ST EAST 12 ST AVENUE D 1 2 BROADWAY FOURTH AVE THIRD AVE E 11 ST E 11 ST E 11 ST EAST 11 ST UNIVERSITY PL K L th AVENUE A 109 East 9 Street AVENUE C A AVENUE B E 10 ST E 10 ST E 10 ST EAST 10 ST EAST 10 ST W E T STUYVESANT ST U WANAMAKER PL E 9 ST E 9 ST EAST 9 ST N Tompkins I 8 St-NYU 4 5 6 Square M 0 E 8 ST ST MARKS PL ST MARKS PL Park EAST 8 ST Astor 1 Place 1 0 WASHINGTON MEWS 12 ASTOR PL M E 7 ST EAST 7 ST EAST 7 ST FOURTH AVE GREENE ST MERCER ST I UNIVERSITY PL N WASHINGTON SQ N 8 U WAVERLY PL AVENUE C 7 T E 6 ST LITTLE INDIA RESTAURANT ROWE EAST 6 ST EAST 6 ST Washington W 9 WASHINGTON PL 10 A Square L K Park E 5 ST EAST 5 ST EAST 5 ST 11 STABLE CT LAFAYETTE ST WASHINGTON SQ S AVENUE D WEST 4 ST EAST 4 ST E 4 ST EAST 4 ST EAST 4 ST BOWERY WEST 3 ST 1 2 3 4 5 6 GREAT JONES ST EAST 3 ST E 3 ST EAST 3 ST AVENUE A 770 AVENUE B BROADWAY Broadway BOND ST E 2 ST EAST 2 ST K FIRST AVE SECOND AVE LA GUARDIA PL L COLUMBIA ST A SHERIFF ST 7 8 9 10 11 12 W E T U N I M 0 1 BLEECKER ST THOMPSON ST Astor Place E 1 ST EAST 1 ST Theatre EAST HOUSTON ST ATTORNEY ST Bleecker St Broadway- RIDGE ST MERCER ST Lafayette St STANTON ST 2 Ave EAST HOUSTON ST TH $3,750,000WEST HOUSTON ST $599 $265 THURSDAY, FEBRUARY 11 @ 4PM PITT ST 212.544.9500STANTON ST Asking Price $/SF $/BSF - Base FAR BiddingELIZABETH ST Deadline arielpa.nyc CLINTON ST MOTT ST LUDLOW ST SUFFOLK ST ORCHARD ST ESSEX ST STANTON ST NORFOLK ST For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc FORSYTH ST ELDRIDGE ST For Financing Info ALLEN ST STANTON ST CHRYSTIE ST Victor Sozio x12 Michael A. Tortorici x13LAFAYETTE ST Howard Raber, Esq. x23 Matthew L. Gillis x42 Jack Moran x60 Ahron Sussman x18 PRINCE ST CROSBY ST BOWERY RIVINGTON ST [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] Prince St PRINCE ST ATTORNEY ST MULBERRY ST DELANCEY ST RIVINGTON ST The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investmentDelancey is Stdependent upon these estimates WILLIAMSBURG BRIDGE and assumptionsWOOSTER ST made below,GREENE ST as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. 4 January 2021 9:14 pm WEST BROADWAY SPRING ST SPRING ST Spring St DELANCEY ST PITT ST Essex St MERCER ST CLEVELAND PL DELANCEY ST KENMARE ST BROOME ST CLINTON ST Bowery BROOME ST BROADWAY FORSYTH ST BROOMEELDRIDGE ST BROOME ST Grand MOTT ST GRAND ST St EAST BROADWAY CROSBY ST GRAND ST LAFAYETTE ST HENRY ST GRAND ST 109 EAST 9TH STREET, NEW YORK, NY 10003 Prime East Village Retail Opportunity w/ Value-Add Potential + Air Rights | FOR SALE Bidding Deadline 4:00PM on Thursday, February 11th North side of East 9th Street between 3rd Avenue and 4th Avenue N S East 10th Street 4 th Avenue Avenue rd Broadway 3 East 9th Street 555 40 37.5’ X 69.83’ 2,619 Block Lot Lot Dimensions* Lot Area SF * Please inquire for details regarding a 7.5' wide portion of an adjacent alleyway that is included in the offering.