Fat Radish Retail Condo on Orchard for Sale at $2.1M
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The Chinatown gold rush east of Allen Street is heating up. There’s lots of real estate and nightlife movement happening in these parts of late.
And now, for $2.1 million, you can play landlord for the Fat Radish. Indeed, the 1,308 square-foot ground level (plus 1,248 square-foot basement) footprint at 17 Orchard Street is currently for sale via Massey Knakal. All units in the building were apparently converted to condos back in 2009.
The biggest selling point here is naturally the restaurant itself, which remains a trendy hotspot for those who wish to be seen. Not to mention the inflationary effect of the high-end hotel under construction around the corner at the Jarmulowsky Bank Building.
Here’s more per the real estate listing:
The unit enjoys a full basement which is used for storage and cooking. The Fat Radish is in their first year of a ten year lease with 3% annual increases. Furthermore, they pay 15% of the tax increases over base year 2009/2010. 17 Orchard Street was recently converted to condominiums around 2009. The retail unit received a complete facelift and gut renovation. Furthermore, 17 Orchard Street is located less than 150 feet from 54-56 Canal Street which was recently purchased by DLJ Real Estate Partners. DLJ is currently in the process of converting the former bank building into a high end hotel.