[Image via Leslie J. Garfield]
The townhouse at 356 E. Eighth St. between Avenue C and Avenue D is back on the market. Last time around, the house, not yet vacant, wanted $3.75 million. But times have changes. And so has the price and occupancy.
Per the listing at Leslie J. Garfield:
536 East 8th Street is a vacant townhouse situated between Avenue C and Avenue D. With an allowed FAR of 4.0, the building offers prospective purchasers the chance to develop the property to approximately 7,200 square feet.
The property is currently configured as a garden duplex with two floor-through units above measuring approximately 3,000 square feet. With a rapidly growing condominium and home sales market in the East Village/Alphabet City, the opportunity to develop either high-end apartments or a luxury home for use or resale is strong. Incredibly low taxes on the property make the opportunity for development additionally appealing.