Retail space for rent in the historic Amato Opera House. 1, 500 sq. ft plus garden and basement with 19 foot ceilings. Food OK.
Conveniently located near B, D, F, M & 6 train lines as well as M103 and M21 bus lines. Steps from some of the city's best shopping, restaurants and nightlife, neighbors include Patagonia Surf, Saxon + Parole, and Momofuku Ko.
The building has been owned and operated by current ownership for over 20 years. It consists of a retail space on the ground floor and lower level and three large residential units above. The 1,533 SF retail unit is vacant and features 11' ceilings and a 970 SF lower level with 9' ceilings and windows providing excellent light and air. If desired, the second floor can be used as commercial space as it is already connected to the ground floor through an existing marble staircase (now enclosed) creating a three-level retail space.
All three residential units are FM and currently leased at below market rents with summer expirations. Two units are expansive five-bedrooms, one of which is a triplex with exclusive interior access to a 700 SF rooftop entertainment area with World Trade Center and Empire State Building views.
The 3rd floor unit is a 900 SF floor-through space with a rear patio. The building hasn't been renovated in over 10-years and there is generous upside in the in-place residential rents (average in-place rents are $64/SF in a market commanding $85/SF).
Some additional context. The delayed closure of the L train is good news! 15 month closure instead of 19. https://t.co/fQEf1mocw1
— Second Ave. Sagas (@2AvSagas) March 17, 2017
Canarsie Tunnel closure now only 15 months instead of 1.5 years. Starts April 2019; better for L train riders all around
— Beth DeFalco (@BethDeFalco) March 17, 2017
The Metropolitan Transportation Authority (MTA) will seek board approval next week to award an expedited contract to accelerate the rehabilitation of the L Subway train’s Canarsie Tunnel under the East River by three months, improve two stations, and build a substation that will allow more trains to run on the L Subway Line, increasing capacity. The contract award calls for the tunnel work to be completed in 15 months, three months shorter than the previously discussed 18 months.
The $477 million contract, to be awarded to a joint venture consisting of Judlau Contracting Inc. and TC Electric, also adds $15 million in incentives to complete the tunnel project in 15 months. Contractual provisions were included to expedite demolition, encourage acceleration of the tunnel work, deter delays, enable traffic mitigation work, and the testing and commissioning of systems.
Consistent with NYC Transit’s objectives to expedite critical capital projects and improve customer service, NYC Transit will also implement procedures to ensure that the project advances in a fast-tracked fashion similar to the expedited nature of Design Build projects.
“The heavy damage sustained by the Canarsie Tunnel during Superstorm Sandy requires a full reconstruction in order to ensure the integrity of the tunnel and the safety of riders for generations to come,” said MTA Interim Executive Director Ronnie Hakim. “At the same time, we promised to do everything possible to mitigate the impact of this vital work on l line riders, and today, we’ve done just that, by shortening the tunnel closure from 18 months to 15 months.”
