Here are details via Real Broker, LLC:
The site offers developers a rare opportunity to acquire a site with frontage on Fourth Avenue — only steps from the Astor Place intersection. The property is C6-2A zoned and allows for a luxurious and unique buildable opportunity in a well-established district. You could be the one profiting from a luxury development that will impact three of Manhattan's most sought-after neighborhoods.
No word on the asking price... or what kind of air rights might be available.
Speaking of air... there's a video too...
And add it to the list of the neighborhood's disappearing single-level structures.
The business has been here for more than 60 years. According to public records, the owners of the business also own the building.
13 comments:
Carlina Rivera's vote to change the zoning for this area to grant the "Tech Hub" unneeded additional floors is starting to pay off for developers and land holders. More luxury housing brings more luxury housing and less and less affordable housing. They will be coming after your home soon. Thanks for betraying us Rivera.
Not surprising that this property would be up for sale. The family owned and operated business is a fine establishment, but these days the property must be worth far more than the annual revenue generated. As for air rights....well all those windows on the adjacent properties would suggest that air rights might be somewhat limited on the adjoining property lines at the least.
This is 150% a site that should be developed. ANY housing on a single story building site is a net positive for NYC. We are incredibly under-housed and increasing the housing stock will help period. Anyone who complains about development on sites like this has serious blinders on.
@Noble what you are talking about? Do you not understand how supply and demand works? More housing supply = mores available units = more room to push prices down.
Neighbor - If you think more housing supply = more available units = more room to push prices down in NYC you're dreaming. Prices NEVER go down. What we wind up with is huge "luxury" buildings with a minuscule number of "affordable" (for who? not me) units per building. NYC now has the highest rents of any city in the US.
And Carlina Rivera sold her constituents down the river. When she was first running for City Council she swore she would not vote for the Tech Hub without getting zoning protection for the 3rd-4th Avenue corridors. TWO WEEKS AFTER SHE WAS ELECTED she voted for the Tech Hub and conveniently ignored her zoning protection promise.
This was the site of a bookstore, a million years ago (or in the 1960s, anyway, which is when I used to walk by). Next to the building that used to house the bookstore Biblo & Tannen, which also had Canaveral Press, first hardcover publisher of Edgar Rice Burroughs books which were determined to be out of copyright.
Prices going down, lol. I have bridge for sale!
Well, seems like the people who own Chris Cleaners have decided to retire from dry cleaning and cash out on the building's value. Good for them, and too bad for those of us who rely on them for dry cleaning.
FWIW, whoever thinks the air rights must be limited b/c there are south-facing windows in the building just north of Chris Cleaners must not know about "lot-line windows" in NYC. Bunch of people may just lose their windows, period. Happened to a friend of mine in their building in Soho: kitchen window GONE, bricked up, due to development next door.
Chris Cleaners is hands down the best dry cleaner business I have ever used. I have been a loyal customer for over 30 years. Shout out to Basil who is always so nice and friendly. Is it too much to hope for them to keep the dry cleaning business on the ground floor of any building that is built there? Where will I get my sweaters cleaned if they close? I will have to ask them. However, I must admit that the trend to casual work clothes and working from home must be hurting their bottom line.
I remember using their services when I first moved to the city as I had a nice coat that needed special care and my friend who worked for a high end department store had told me they often used Chris French. It was expensive but worth every penny.
I can highly recommend Brown Bag Laundry now that Chris French is closing. They used to have a location open on 4th st but now they solely operate out of their Mercer St storefront.
The family patriarch, Chris Mitrofanis, just passed away in April. God bless.
I agree this is a quality local business which we have used for many years. A sign in window notes that Chris the founder died recently. According to ZOLA on the Dept. of City Planning web page, the buildable FAR is 6, so it could be a 6-storey building if built to the lot line, or higher with lower lot coverage. Could possibly be 20 - 33% taller with inclusion of 20% affordable housing, although the definition of affordable is uncertain.
Let’s prepare ourselves for the next cheap, ugly monstrosity of a new building!
Post a Comment