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 façade 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