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47 Chrystie StreetNew York, NY 10002
    • StatusAvailable
    • Property TypeCommercial

    About This Property

    One Of A Kind Development Site In Chinatown

    Located in Lower Manhattan's Chinatown, 47-53 Chrystie Street is a 2-story retail commercial space with intact air-rights. The uptown Second Avenue corridor leads straight downtown becoming Chrystie Street, with the Manhattan Bridge as its landmark anchor.

    Built in 1917, 47-53 Christie Street can be delivered vacant, offers enormous potential, and prime location with easy unloading/parking on Chrystie Street.

    The existing structure is a flexible and ideal setting for any investor and property developer's imagination. Possible scenarios include:

    - A fashionable yet affordable hotel boasting 110 rooms, and 2,000 sf lobby, with trendy restaurant or coffee shop. Plus, a festive seasonal bar and grill can be added as a rooftop experience, overlooking the vast panorama and appeal of Lower Manhattan.
    - An 8-floor 55,000 sf retail/ rental property. Two floors can be used as office space or colorful boutiques, with up to 34 rental apartments each 750 sf, similar to 55 Chrystie Street just next door.
    - The 2nd floor loft with beamed ceilings is ideal to house modern art galleries, individual exhibits and event space. The expansive atmosphere is also suitable as a vibrant nightclub or musical entertainment venue.

    47-53 Chrystie Street is comprised of:
    - 5 retail stores on the ground floor totaling 6,374 sf directly on Chrystie St
    - Expansive 2nd story loft with 8,966 sf of raw space
    - Partially finished basement approximately 7,500 sf
    - 75.00 C6-1G zoning with a FAR of 6.0
    - Frontage surveyed at 101.42 x 75 depth
    - 22,725 sf of gross leasable area on a 0.17 AC lot
    - 7,607 land square footage
    - New finished rooftop
    - Cellular towers nearby capable of accommodating most projects

    Chrystie Street is Lower Manhattan's hub for residential and commercial activity, due to the high-visibility, which the Manhattan Bridge brings-in. Thousands of visitors and travelers stream through, day and night, eager for new cuisine, hotels, shops and experiences. Outdoor advertising space will be optimal for tenants who want to attract a broad yet savvy customer-base searching for the latest and best-in-quality.

    Chinatown is an older highly-regarded neighborhood aligned in its history, as it continues to modernize in response to the vigor of its community. Directly in front of the property is the lovely 7.8-acre Sara D. Roosevelt Park and Pace Highschool. The Grand Street subway station is a 3-minute walk, with seven more train lines to Manhattan's other exciting neighborhoods just 9 minutes away.

    Property Details

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