Retail

Located at 55 Pitt Street, New York, NY, 10002, this 2-star retail storefront offers a unique opportunity for both investment and owner-users. Priced at $2,900,000 ($1,063.44/SF), the property is ideal for those looking to invest in a mixed-use space with retail and residential potential in the bustling Lower East Side.

Property Overview:

• Price: $2,900,000
• GLA: 2,727 SF
• Stories: 1
• Typical Floor Size: 2,108 SF
• Building Height: 20′
• Class: C
• Construction: Masonry
• Docks: None
• Sale Type: Investment or Owner User
• Location: Central Business District (CBD)

Key Features:

• Prime Lower East Side Location: This property benefits from a central location in one of Manhattan’s most dynamic neighborhoods, with easy access to major transportation routes and a strong demand for retail and residential spaces.
• Efficient Layout: With a GLA of 2,727 SF and typical floor size of 2,108 SF, the property offers a generous footprint for retail operations or potential residential conversion, depending on the buyer’s use.
• Investment or Owner-User Flexibility: Whether you are looking to invest in an income-generating property or occupy the space for your own business or residential purposes, this property provides flexibility for both scenarios.
• Building Characteristics: The masonry construction and Class C designation point to a solid, enduring structure requiring minimal maintenance, while the 20′ ceiling height creates a spacious, open environment, enhancing the overall appeal of the property.

Conclusion:

55 Pitt Street presents an excellent opportunity for investors or owner-users seeking a well-located, flexible space in one of New York’s most rapidly evolving areas. With strong potential for both retail and residential use, this property is an attractive option for those looking to capitalize on the vibrant energy of the Lower East Side.