273 Church Street, New York (Tribeca), NY, 10013 | $12,950,000
PRIME TRIBECA DEVELOPMENT OPPORTUNITY. . . Rare offering of a 5-story, 25 ft wide building, located on the best block in the Church Street corridor of East Tribeca, and can be an income producing property or converted to a development. CURRENT BUILDING: 7800 sf + 1800 cellar (approx). The ground floor, with almost 12' ceilings, is prime for a new high-end retail or restaurant to take advantage of local foot traffic along Church Street. The 2nd and 3rd floors are currently used as office space, with new electrical, HVAC, and windows. The 4th and 5th floor triplex residential unit with private terrace has 3 bedrooms and 2. 5 bathrooms, and voluminous 11' ceilings and is currently leased and operated by Rove Travel. It has been smartly renovated recently with new floors and bathrooms. The cellar is 1800sf with over 8' ceilings. The commercial-grade elevator services the cellar up to the 5th floor. The building can be leased out commercially or as a mixed use property. The building is currently built to an FAR of 4. 14 with an allowable FAR of 6. 5 to create a building up to 10, 000sf+ with approximately 3, 342sf of unused air rights. Contact your architect for feasibility and further details. This is a unique opportunity for a discerning investor in a location with high upside potential.
Features
- Town: New York
- Levels: 5
- Cooling: Unknown Type
- Amenities: Roof Deck;
- Zoning: C6-2A
- Laundry: SeeRemarks
- Year Built: 1910
- Building Access : Walk-up
- Service Level: None
- Built Size: 25'x75'
- OLR#: COMP1629198937302054
- Days on Market: 167 days
- Website: https://www.raveis.com
/prop/COMP1629198937302054/273churchstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Compass
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888.699.8876
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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
273 Church Street, New York (Tribeca), NY, 10013
$12,950,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $10,360,000 | $10,360,000 | $10,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $61,283 | $66,336 | $88,125 |
| Total Monthly Payment | $61,408 | $66,461 | $88,250 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535