Wednesday, September 10, 2014

58 Third Ave. returns to the market at double the price, and the potential to nearly double the space



We spotted a new listing for 58 Third Ave. between East 10th Street and East 11th Street.

According to the listing at Voda Bauer Real Estate

With almost 24 feet of frontage mid-block, this four story mixed-use walk-up building includes prime retail space on the first floor. Located in the East Village it currently houses a restaurant with a lease expiring in August 2017.

The three Free Market residential/commercial full floors above with basement are perfect for investors and developers. The building currently has 6,308 sq ft, but an additional 4,786 sq ft. may be added. The close proximity to Union Square Park, M, L, 4, 5, N, R and 6 trains, as well as great dining, and shopping all make this building highly desirable ...

Asking price: $10 million.

Public records show that the property was sold for $4.5 million in December 2007 ... the asking price had been $4.99 million at the time...



Hey, the Taco Bell!

The address is currently home to Bodhi Tree, the Thai restaurant.
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2 comments:

  1. Mark Hand The CatchmanSeptember 10, 2014 at 1:35 PM

    All these arrows are making me dizzy, at least they are only one color... and not a fluorescent ones

    ReplyDelete
  2. AnonymousSeptember 10, 2014 at 10:28 PM

    "perfect for investors and developers" - that might as well be the official NYC motto at this point.

    None of these ads ever says the truth, which is: "4-story walk-up wreck that you're an idiot to even *think* of paying this kind of money for."

    ReplyDelete

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