339 Lafayette Street, New York, NY

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This property is a 29'6" by 100'3" corner building in the NoHo section of Manhattan. It consists of 3 stories and a basement. The building lies in the NoHo Historic District and has large floor plates which are currently divided into smaller units throughout. It is located in a submarket which currently commands in excess of $200/NSF for
retail. Moreover, the property sits at the entrance to the Bleecker Street stop on the 6 train. Retail demand is high along this coveted stretch of NoHo which houses such notables as Rogan, Billy Reid, John Varvatos, Urban Outfitters, Puma and Blue & Cream. The property also benefits from its proximity to the high end developments at 25 Bond Street, Cooper Square Hotel, Ian Schrager’s 40 Bond Street, and the Bowery Hotel as well as NYU. This building will be delivered vacant. It has potential for a future live-work conversion which would benefit from 6,526 SF of air rights. The building has significant structural issues, which will be addressed in a report expected at the end of May.