Friday, October 2, 2015

Bleecker Street charmer has a chance to look like its pricy condo neighbors



The 4-story, vacant building at 25 Bleecker — between the Bowery and Lafayette — is new to the market.

Imagine the possibilities via this Cushman & Wakefield listing:

The building is ripe for conversion as current ownership already has LPC approval for a redesigned fa├žade and mixed-use conversion of the existing SF. Alternatively, a purchaser could seek to maximize the buildable envelope by seeking a residential variance for a condo development as seen at nearby projects such as 40 Bond Street and 41 Bond Street.

The property is across the street from the new condo building The Schumacher at 36 Bleecker Street where multiple units are under-contract over $3,000/SF and behind 41 Bond where the PH unit is currently under-contract for over $4,300/SF.

Here's a rendering showing the possibilities of an expanded No. 25 …



Price tag for the existing building: $6.5 million

Images via Cushman & Wakefield

6 comments:

Anonymous said...

New York, New York, Destroy, Destroy.

Scuba Diva said...

Yeah; seeing this rendering just gives me a warm feeling inside…I think it's indigestion.

Anonymous said...

I spent the summer of '89 in the basement of this building, subletting from choreographer Lee Nagrin. The front facade was covered in funky tags like "Penis Boy" and "Mug Yuppies," and Lee-- the sweetest, warmest woman-- told be to watch out for skinheads on Sunday mornings at CBGBs. How times change.

Anonymous said...

Anonymous 9:22, Wow, now there's a blast from the past! Lee Nagrin! Friends of mine and I rented studio time from her about the same time you were living there. Once a rat ran across the space and I screamed. I hate rats.

Makeout said...

Everyone got their fingers crossed right?

Anonymous said...

"charming"? lol