Fat Radish Retail Condo on Orchard for Sale at $2.1M

Posted on: September 23rd, 2013 at 5:22 am by
This image has been archived or removed.

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.

Recent Stories

Today in News About Trying Out for the Local Quidditch Squad

Yes, you read it right. There are tryouts this weekend for the local Quidditch team. The Tri-State team and its second string squad, respectively The Warriors and Rogues, are holding a recruiting session in East River Park tomorrow morning at 10:30am. The group is part of the official US Quidditch league. For the uninitiated, the […]

Coleman Playground Gets Upgrades Ahead of East River Park Closure

Coleman Playground, in the shadow of the Manhattan Bridge, is another of the parks along the Lower East Side coastline receiving upgrades due to the city’s billion-dollar resiliency project. As a result, East River Park will close for at least 3.5 years. The displaced open area is being redistributed to these other parks, with an […]

Street Vendor on the Bowery Caught with Hands Down His Pants

Caught red-handed. A street cart vendor on the Bowery was seen this week with his hands down his pants. Al Bundy style during lunchtime. Lower East Side local Snapped this photo of the food cart parked outside the TD Bank at Bowery and Canal Street. The image has already gone viral on a local level, […]

‘Parkour Expo’ this Weekend Atop Seward Park High School

Parkour enthusiasts take note: Move NYC is headed to the Lower East Side this weekend. Nomadic outfit The Movement Creative is setting up a temporary rooftop playground, composed of of 8,000lbs of metal pipe, joints, and wooden beams atop the New Design High School (nee Seward Park High School at 350 Grand Street). Movement Creative […]

66 Clinton Street Sees New Life as 8-Story Luxury Development

Two months ago, New Life of New York City sold its flagship building at 66 Clinton Street and relocated to Alphabet City. Next up, luxury living. Just last month, the nascent landowners – Vault Development and TLM Equities – filed paperwork with Department of Buildings for the new development. Set to rise eight stories, the […]