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140-142 Bowery, Manhattan, NY 10013

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$22,000,000
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Prime development site for sale! This property consists of two adjacent vacant commercial properties that are in the process of being demolished. With a combined lot area of 5,199sf, 140 Bowery (2,537sf) and 142 Bowery (2,662sf) is prime for commercial and/or residential development. The zoning is C6-1G and the parcels of land lie within the Special Little Italy Zoning District (SLID). This zoning allows for an FAR of 6.0 (commercial) or 3.44 (residential). Due to the site being located in a SLID Area C zone, there is a 85'' height limit. The maximum buildable sf assuming an FAR of 6.0 (commercial) is 31,194 buildable sf. The Subject property is located along the strip of Bowery that is undergoing rapid gentrification. This site is within walking distance of B,D,J,6,N,R,Q trains. It provides easy access to all parts of the city and is just a block from prime Soho and Lower East Side. With the influx of new museums, restaurants, hotels and retail on Bowery, this parcel of land is poised to be one of the candidates for prime development.140 Bowery: 2537sf (26.58ft x 98.33ft)142 Bowery: 2662sf (26.67ft x 102.33ft)  MoreLess
Facts
  • Apartment
  • Built in 1920
  • 235 days on Zillow
Construction
  • Unit count: 0
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  • Zillow Home ID: 2109049343
Home Values
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$2,628/mo
+$88 Last 30 daysd
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Neighborhood for 140-142 Bowery

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Zillow predicts Little Italy home values will fall 1.2% next year, compared to a 1.8% increase for New York as a whole.

Foreclosures will be a factor impacting home values in the next several years. In the 10013 market, the number of foreclosures waiting to be sold dropped 2.7% in the last year. The number of unsold foreclosures is 50% greater than in New York, and 95.5% lower than the national average. This higher local number may prevent 10013 home values from rising as quickly as other regions in New York.

Learn more about forecast calculations or Little Italy home values.
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    Premier Agents specialize in this area and can assist you in seeing a home or answer your questions.

    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005

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