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55 Pitt St New York, NY 10002

Sponsored
For Sale
$3,850,000

2,122 SF Commercial Lot, R8A Zoning

Description

Added:
Dec 11, 2024
Days on Market:
400
This exceptional 2,122 square foot commercial lot at 55 Pitt Street in New York City's vibrant Lower East Side presents a compelling development opportunity. Currently vacant, the site features a 19-foot wide, 100-foot deep building, offering significant potential for redevelopment. The R8A zoning allows for a building up to 120 feet high, permitting the construction of a 100% residential building or a mixed-use development. Existing commercial space can be grandfathered into any new construction. The lot's dimensions are ideal for a multi-unit residential building with ample sunlight and desirable views. This prime location is situated on the same block as the River Ridge Condos and a twelve-story luxury condominium building at 206-210 Delancey Street, underscoring the area's upscale residential transformation. The property enjoys convenient access to various transportation options and is within easy reach of the upscale retail establishments along Delancey and Clinton Streets. Offered at $3,850,000 ($388/SF), this represents a rare chance to acquire a highly desirable development site in a rapidly appreciating neighborhood. The property is locally owned.

Property Features for 55 Pitt St

General Information

Property type
Land

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9830752
Latitude
40.7176914

FAQs

What type of property is this?
Land - 2,122 SF Commercial Lot, R8A Zoning
Where is this land located?
The property is located at 55 Pitt St New York, NY.
What is the asking price?
The asking price for this property is $3,850,000.
More about this property
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