GFI Realty Services, LLC today announced that it has been named exclusive sales agent for 141 Chrystie Street, a development site with a prime location on Manhattan’s Lower East Side. Situated along a major commercial corridor, the parcel has a maximum buildable area of 18,950 square feet.
Currently occupied by a vacant, two-story, 4,356-square-foot commercial building, the site is zoned C6-3A, with a maximum floor area ratio of 7.52, making it ideally suited for a mixed-use development.
GFI Realty Associate Aron Taub will oversee the marketing of the site, with pricing targeted at $13.5 million.
Taub points out that the surrounding corridors of Clinton, Orchard, Ludlow, Essex, Allen, Stanton and Rivington streets are “buzzing with lounges, restaurants and cafes,” and that the area has high foot and vehicular traffic, and a “tremendous demand” for residential inventory.
“The Lower East Side is one of the most dynamic areas in Manhattan,” he said. “It’s both a residential community with families that have been in the area for generations and a hub of social life for lovers of trendy restaurants and entertainment venues. The influx of new luxury residential and mixed-use development has just added another dimension to this thriving neighborhood.”
Situated near New York University and East Houston Street, a major commercial corridor, 141 Chrystie Street is just blocks away from numerous subway lines.
About GFI Realty Services, LLC
GFI Realty Services, LLC imparts strategic and comprehensive solutions to maximize the value of real estate assets. Offering a wide array of brokerage services including investment sales, commercial real estate financing and retail leasing, GFI Realty Services, LLC utilizes its affiliate companies’ fully-integrated platform to provide owners, buyers, landlords and tenants nationwide with the market knowledge and due diligence required to consummate multifaceted transactions.
The company’s extensive knowledge of the commercial real estate industry, advanced analytical capabilities and incomparable client services position its executives as masters at executing off market and complex deals that require the most innovative solutions. For more information, visit GFIRealty.com.
