601 Washington Development Opportunity
This prime West Village location presents a unique opportunity for an investor looking to establish a major presence in a highly sought after neighborhood. Premises delivered vacant.
The property features 177'3" +/- of frontage on Leroy Street and 50'+/- on both sides of Washington and Greenwich Streets. The site, which lies in a split zoning, (M1-5/R7X), allows for a 45,000 +/- sq ft as-of-right for commercial office, hotel, gallery and/or condo development.
A majority of the site lies within the M1-5 zone which has a maximum height restriction of 125' +/- (this zone will allow for a 10-story building). All interested buyers should consult with their own zoning experts.
LOCATION: Entire block on Leroy Street between Washington and Greenwich.
TAXES 08/09: $37,467
BLOCK/LOT: 602/28
FOOTPRINT: 8,917 +/- sq ft
ZONING: M1-5
FA: Max. Buildable SF (5.00, RX7) (Hudson Square Proposal) 44,585 +/-
EXISTING BUILDING: 8,917 +/- sq ft
AVAILABLE AIR RIGHTS: 35,668 +/- sq ft
