Federal-Style Row Houses at 140-142 Bowery on the Block for $22M

Posted on: February 24th, 2014 at 5:34 am by


Big news in the Bowery lighting district. Two Federal-style row houses are currently on the open market. 140-142 Bowery, the former headquarters of Lighting Library/Classic Lighting, is being pitched as a prime “development opportunity” for $22 million. Wow. How can a buyer afford not to develop?

Neighbors fearing the tower of doom scenario can rely on zoning to help limit. This property resides in the Special Little Italy District, which restricts building heights to 85 feet.

Here’s the skinny on the real estate listing.

This property consists of two adjacent vacant commercial properties that are in the process of being demolished. With a combined lot area of 5,199sf, 140 Bowery (2,537sf) and 142 Bowery (2,662sf) is prime for commercial and/or residential development. The zoning is C6-1G and the parcels of land lie within the Special Little Italy Zoning District (SLID). This zoning allows for an FAR of 6.0 (commercial) or 3.44 (residential). Due to the site being located in a SLID Area C zone, there is a 85” height limit. The maximum buildable sf assuming an FAR of 6.0 (commercial) is 31,194 buildable sf.

The Subject property is located along the strip of Bowery that is undergoing rapid gentrification. This site is within walking distance of B,D,J,6,N,R,Q trains. It provides easy access to all parts of the city and is just a block from prime Soho and Lower East Side. With the influx of new museums, restaurants, hotels and retail on Bowery, this parcel of land is poised to be one of the candidates for prime development.

You’ll recall that 140-142 Bowery was categorically humiliated a couple years ago when its owner removed the trademark feature of these row house relics. The rooftop dormers. At the time, preservationists were fighting for several similar structures on the Bowery, so their excising was certainly suspect.

Lighting Library departed last year, leaving an empty showroom for the taking. Aside from the seasonal Halloween store that popped up last fall, nothing’s been happening here. Empty to attract a sale. So this listing makes sense.

Expect demolition real soon…

Recent Stories

City Bus Crashes Into Allen Street Mall [PHOTOS]

Oops. An M15 city Bus heading downtown crashed into the Allen Street Mall at Canal Street. The knee-high steel fence and a couple benches were annihilated. This photo, sent along by one of our readers, just says it all. Cause of the crash, which happened not too long ago, was not immediately known. Vision Zero […]

Bank of America Ditches Zarin Building on Grand Street After More than a Decade

Now here’s a sight not often seen in the city. A bank branch closure. The Zarin Fabrics building at 314-320 Grand Street just lost its Bank of America. Illuminated signage was pried from the facade earlier this week. The bank floor is now gutted – gone are the teller counters and ATM lobby. Guess this […]

Cops Hunt Guy Who Stuffed Sick Pit Bull into Suitcase and Left it for Dead

The sicko who stuffed a dog into a suitcase and left it for dead has been identified. Cops are looking for Bryan Lepe, wanted for animal cruelty charges. Last Wednesday, Lepe allegedly packed an emaciated pit bull inside a suitcase, left 645 Water Street, and dumped the luggage on Gouverneur Slip East behind the Vladeck […]

Instagram Impresario (and Joke Thief) ‘Fat Jew’ is at Bowery & Vine for Wine Tasting Event Tonight

Reviled social media personality, the Fat Jew (aka Josh Ostrovsky), paired up with Bowery & Vine Wines and Spirits for a wine tasting event later today. Start time is 6pm at the 269 Bowery HQ. Wine of choice is the Fat Jew’s own “White Girl Rosé.” You may recall that the pop-culture guru found himself […]

The Pickle Guys will Bid Farewell to Brooklyn Next Month

As the Pickle Guys gears up for a big move across Essex Street, the company decided to axe their Midwood, Brooklyn location. It has been slinging briny goods at 1364 Coney Island Avenue for the last seven years. Final day in business is November 7. News of its closure was distributed to email inboxes last night. “Seven years […]