Prime development site for sale! This property consists of two adjacent vacant commercial properties that are in the process of being demolished. WIth a combined lot area of 5, 199sf, 140 Bowery (2, 537sf) and 142 Bowery (2, 662sf) is prime for commercial and/or residential development. The zoning is C6-1G and the parcels of land lie within the Special Little Italy Zoning District (SLID). This zoning allows for an FAR of 6.0 (commercial) or 3.44 (residential). Due to the site being located in a SLID Area C zone, there is a 85'' height limit. The maximum buildable sf assuming an FAR of 6.0 (commercial) is 31, 194 buildable sf.
The Subject property is located along the strip of Bowery that is undergoing rapid gentrification. This site is within walking distance of B, D, J, 6, N, R, Q trains. It provides easy access to all parts of the city and is just a block from prime Soho and Lower East Side. With the influx of new museums, restaurants, hotels and retail on Bowery, this parcel of land is poised to be one of the candidates for prime development.
140 Bowery: 2537sf (26.58ft x 98.33ft)
142 Bowery: 2662sf (26.67ft x 102.33ft)