2 Thomas St New York, NY 10007
- Retail properties
- 85,952 SF
Current Use by Public Records
- Retail properties
Property Details for 2 Thomas St
- Property size
- 85,952 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use redevelopment opportunity in Manhattan's coveted Tribeca neighborhood presents a unique chance to capitalize on unparalleled demand. Located at 2 Thomas Street, this property boasts approximately 105 feet of frontage on Thomas Street and 65 feet on Broadway, creating an ideal corner lot. The site comprises 85,952 square feet and currently includes a vacant two-story commercial building and a five-story landmarked building. The property is being delivered completely vacant, allowing for demolition of the rear portion of the landmarked building and the entire two-story structure. The site is zoned C6-4A (R10A), offering an as-of-right floor area ratio (FAR) of 10.0 for commercial or residential use, translating to 67,790 square feet. With purchased inclusionary housing bonuses, the FAR increases to 12.0, resulting in a maximum buildable area of 81,348 square feet. Approved plans by Morris Adjmi Architects, including the restoration of the landmarked facade and the creation of an "L" shaped parcel, allow for a 20-story building with 76 residential units and ground-floor retail. The building's corner location ensures ample natural light and air. The property's prime location offers easy access to numerous subway lines and benefits from Tribeca's vibrant restaurants, retail, schools, and parks, along with proximity to major office buildings. This is a truly exceptional opportunity to develop a high-value property in a highly desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.0053
- Latitude
- 40.7158
