81 Sullivan Street

DESCRIPTION:

Welcome to 81 Sullivan Street! This property is comprised of two buildings - 81 Front (F) and 81 Rear (R) - which sit on a 25 by 100 lot in prime Soho. The property has a buildable square footage of 8600. Both buildings are now entirely vacant, making this the opportunity of a lifetime for any developer, investor, or end user! This unique real estate gem includes a front building with a ground floor retail space and three pristine apartments above it. The three homes boast condo level finishes, charming fireplaces with exposed brick, high ceilings, gleaming hardwood floors, elegant moldings, two full bedrooms, one bathroom with soaking tub, and favorable floor plans. One apartment also includes a spacious private terrace, which rests above the oversized master bedroom of the apartment below it. The front building presents an opportunity to develop a single family home or a boutique condominium. Additionally, the retail space is an opportunity for an owner who would want to work on the premises, collect a high retail rent, or convert the space to add another condo or an expansive first floor of a single family home with high ceilings. The carriage house, which has been grandfathered in, is comprised of three apartments which can easily be converted into a guest house to accompany a single family home, rental apartments to collect additional income, condos separated from the front building by a garden oasis, or maid's quarters for an end-user who wants to own a private Soho home and still the on-site service offered by a luxury condominium. 81 Sullivan is ideally located steps off iconic Spring Street famous for its world class designer clothing stores and fine dining establishments. Additionally, 81 Sullivan rests across the street from the record breaking new development project, 10 Sullivan. Since the 10 Sullivan project encompasses four single family homes which are directly across from 81 Sullivan Street and are significantly smaller, 81 Sullivan will retain its brightness and views. Whether you are looking to develop a high end single family home, a chic downtown condominium, or use the mixed-use buildings as an income-producer, this once in a lifetime opportunity cannot be missed!**Please note: no contracts moving forward will be transferrable.