LAND in Downtown (ZPOC-T2514655)

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A 76' wide vacant lot which is in the heart of the Lower East Side. The lot is in an area where retail rents are over $100 per square feet and recent condo comps are approaching $1,500 per square feet. Night life on the block is very vibrant, you have the Hotel On Rivington across the street. Fine retail and restaurant establishments on both Rivington and Ludlow Streets. With a C4-4A zoning a developer can have stores on the ground floor and apartments above. The property is right in the vicinity of all modes of transportation. The V and F trains are on Delancey and Essex Street, the B15 is on Allen Street, which goes uptown. It's also in the vicinity of the Sunshine Theatre and the Essex Street Market. The vacant lot is owned by the First Roumanian American Congregation of New York. They are interested in having their synagogue in the building that is built, and are open to all types of possibilities. It's very rare that a vacant lot of this size comes to the market in this area, which is why it's a prime development opportunity for a developer or a Hotel operator.

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