Development Site Lower East Side
Investment Highlights
Lower East Side / Chinatown development site. Rare 15,595 SF corner assemblage spanning three contiguous lots w/77sf frontage. Zoned C6-1G (R7-2), allowing residential, retail, office, hotel, or mixed-use development. Approx. 101,368 BSF buildable, including 53,647 SF residential. Delivered vacant. Contract Flip. Price reduced Asking $30.5m (~$575/BSF residential) negotiable
Location
📍 Lower East Side
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.
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Who finances deals like this
The lenders with the most recorded development site mortgages in Manhattan since 2021, from public ACRIS filings.
- Cerco Bl9 LLC — 3 loans, typically $3.07M–$6.91M
- Nw 10 West 17TH Lender LLC — 2 loans, typically $11.32M–$27.68M
- Levon 75-83 LLC — 2 loans, typically $4.97M–$5.72M
- Landesbank Hessen-Thuringen Girozentrale — 2 loans, typically $33.57M–$93.63M
- 44 W 8 Capital LLC — 4 loans, typically $1.81M–$6.4M
Crezly connects borrowers and lenders. Crezly is not a loan broker, does not negotiate terms, and receives no compensation contingent on any loan closing.
Underwrite this deal
Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
