Offered for sale is 100% of the shares of the CO-OP corporation which owns 100% of the land and the building.
The Property consists of a six-story plus garden level, cooperative walk-up building with 25 free-market cooperative apartments. The total floor area for the building (including the garden level with two apartments) is approx. 15,000 gross SF. The building footprint Is 25' X 88' and the lot dimensions are 25' X 100.5'. There is no Certificate of Occupancy since the property predates New York City Certificate of Occupancy requirements. The cooperative offering plan was filed in 1982 and went into effect in 1984. The building has charming pre-war details punctuated by bold exposed brick walls throughout and an attractive and distinctive facade. The Property is an excellent candidate for conversion into a Boutique Hotel since the Property is in close proximity to several major learning, research, and health industry institutions, midtown tourist and business destinations, and the 57th Street corridor, all with significant, undeserved lodging needs. The need for lodging facilities in the local area will only intensify over time with a planned 2nd Avenue Subway Station with entrances at the four corners of 63rd Street and 2nd Avenue, and a sprawling world-class Science Park being developed on Roosevelt Island. The building could also be used as housing for a consulate or college dormitory or other institution with housing needs. New residential construction of 14 stories can be built with a nominal contribution to neighborhood improvement. The Property adjoins the 41-s ...(show more)
|District Type||School District|
|Unified School District||New York City Public Schools|
|Unified School District||New York City Special Schools - District 75|
|Unified School District||Nyc Charter Hs-Architecture, Engineering, Construction School District|
|Unified School District||New York City Geographic District 2|