The for-sale banners recently arrived on the property, and the listing arrived online yesterday via Besen.
Per that listing:
(The "Property") is comprised of a 5-story + basement 13,969± SF above-grade (D2 Class) "Elevator Apartments – Artists in Residence" loft building, built in the early 1900s and renovated in 1980. ... The building dimensions are 25' x 110' on a 27' x 116.25' lot, Tax Class 2B, and the property is zoned C6-1, which is R7-2 equivalent.The building will be delivered vacant and lends itself well to either fully convert into luxury residential or remain as office-use upstairs (C of O from 1961 has office use on upper floors). The spacious and usable 2,750± SF basement offers 12' ceiling heights, with direct elevator access.
The offering memorandum (PDF here) shows that the building is currently vacant. (And there are some unused air rights).
Asking price: $14.975 million.
The Salvation Army store was a longtime retail tenant until the fall of 2019. A Salvation Army official told us at the time that the landlord, an LLC, terminated their lease.
Village Preservation wrote about No. 112's long and fascinating history as part of an ongoing series titled "Why Isn't This Landmarked?"
The building, designed by architect Griffith Thomas for the Estate of Samuel J. Hunt, dates to the 1870s ... and "is linked to a number of prominent publishers, artists, and political figures, as well as civil rights, social justice, leftist, labor, and Jewish histories." Read more here.
In November 2020, the city dropped its controversial rezoning plan for a hotel special permit requirement south of Union Square. Still, there are concerns about out-of-character development (like at 799 Broadway or 809 Broadway) in this corridor after the upzoning necessary for the 21-floor Zero Irving on 14th Street.
