krulltime
October 7th, 2007, 02:08 AM
I dont understand, the buyer has the option to built a tower with this rendering? Or this is the rendering already chosen for the site. The building looks good to me. Wishing it was taller, but maybe that is as tall they can built.
http://www.pbase.com/image/86779651.jpg
Premier Hotel & Condominium Development Site
Address: 6 Water Street & 32 Pearl Street
Property type: Development/ Land
Location: New York, NY
Neighborhood: Financial District
Description:
A UNIQUE LOCATION
This is an opportunity to own and develop the best-located site for a new hotel or residential condominium in Downtown New York City. Prominently situated at the southern tip of Manhattan Island, the site has excellent potential for a flagship-quality building overlooking New York Harbor.
The location is highly visible, with exceptional transportation access, and close-up harbor views. The Property consists of two adjacent parcels, occupying nearly half a block with frontage on three streets. The site is zoned C5-5 for hotel, residential and commercial uses.
TWO DEVELOPMENT SCENARIOS
The site is currently improved with a five story commercial building at 6 Water Street and a seven story, 21-unit apartment building at 32 Pearl Street. After demolition, a new building of 151,080 square feet (utilizing bonuses) can be built on the combined site.
Alternatively, the apartment building at Pearl Street can be converted to a condominium and a new building of 92,000 square feet (including bonuses) can be built on the Water Street parcel. A new building on the site will have dramatic views of New York harbor, and exceptional access to transportation, making it ideal for hotel or residential occupancy.
Converting the apartment building at 32 Pearl to condominiums can return capital and yield significant profits faster than all-new construction. Instead of being demolished, the exisitng 25,500 rentable square feet may be sold in the range of $1,100 per square foot, returning $28,100,000. This could significantly boost the return on capital invested.
SUBMIT OFFERS
Tuesday, October 30th by 3:00PM
Price info:
SUBMIT OFFERS
Square feet:
151,080
Total Potential Buildable
Lot size:
77' x 108'
Zone district:
C5-5
http://www.easternconsolidated.com/listingdetail.php?listing_id=502
http://www.pbase.com/image/86779651.jpg
Premier Hotel & Condominium Development Site
Address: 6 Water Street & 32 Pearl Street
Property type: Development/ Land
Location: New York, NY
Neighborhood: Financial District
Description:
A UNIQUE LOCATION
This is an opportunity to own and develop the best-located site for a new hotel or residential condominium in Downtown New York City. Prominently situated at the southern tip of Manhattan Island, the site has excellent potential for a flagship-quality building overlooking New York Harbor.
The location is highly visible, with exceptional transportation access, and close-up harbor views. The Property consists of two adjacent parcels, occupying nearly half a block with frontage on three streets. The site is zoned C5-5 for hotel, residential and commercial uses.
TWO DEVELOPMENT SCENARIOS
The site is currently improved with a five story commercial building at 6 Water Street and a seven story, 21-unit apartment building at 32 Pearl Street. After demolition, a new building of 151,080 square feet (utilizing bonuses) can be built on the combined site.
Alternatively, the apartment building at Pearl Street can be converted to a condominium and a new building of 92,000 square feet (including bonuses) can be built on the Water Street parcel. A new building on the site will have dramatic views of New York harbor, and exceptional access to transportation, making it ideal for hotel or residential occupancy.
Converting the apartment building at 32 Pearl to condominiums can return capital and yield significant profits faster than all-new construction. Instead of being demolished, the exisitng 25,500 rentable square feet may be sold in the range of $1,100 per square foot, returning $28,100,000. This could significantly boost the return on capital invested.
SUBMIT OFFERS
Tuesday, October 30th by 3:00PM
Price info:
SUBMIT OFFERS
Square feet:
151,080
Total Potential Buildable
Lot size:
77' x 108'
Zone district:
C5-5
http://www.easternconsolidated.com/listingdetail.php?listing_id=502