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216 Lafayette Street

$14,950,000 (approx. £11,645,000)
Soho, New York
Property reference: NYB0335
$14,950,000 (approx. £11,645,000)
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Full Description
Living Area:  7,645 sq ft

Distinctive, grand, versatile, and exceptional - a few words that summarize 216 Lafayette Street. Uniquely positioned on the cusp of NoHo, SoHo and Nolita, this 25’-wide and approximately 7,645 square feet building is an incredible and rare asset. The zoning and use possibilities are flexible, and the brand-new contemporary facade with oversized glass garage doors allow for use of the curb cut and street exposure. With a unique easement from Crosby Street to the West, this secondary entrance creates privacy for those seeking the best of both worlds - a prime retail storefront with a boutique secondary entrance. The gracious entry on Lafayette features approximately 860 sq.ft. of retail with soaring ceilings, ample sunlight and leads to an excavated selling basement of over 2,500 feet. In the rear is a theatre-like, approximate 4,000 square foot space with double-height and mezzanine spaces, which can be used commercially or residentially. Additional F.A.R allows for even more usable space if some or all of these double height spaces are filled in. Tremendous natural sunlight pours through four industrial-size skylights in the ceiling and private outdoor spaces provide a suburban setting. 216 Lafayette presents the opportunity for flagship retail, boutique office/showroom, gallery, and/or institutional, mixed-use, or a residential conversion. Currently, there is a percentage based billboard signage lease which can be terminated at any time; and, based on current interest, the retail space can garner ~ $400,000 of gross income. Indeed, this incredible asset is a one of a kind opportunity awaiting the most discerning and selective of purchasers.

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