Federal-Style Row Houses at 140-142 Bowery on the Block for $22M
This image has been archived or removed.
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
The Ambitious 1960s Plan of ‘Instant Renovation’ of Old Law Tenements
With an ever-constant flow of stories about landlords upscaling tenements – and the resultant displacement of residents – it’s appropriate to revisit the little-known federal program of “instant renovations” from yesteryear. This housing rehabilitation pilot program began during the mayoral term of Lindsay, and seems rather bonkers. Essentially, a crane would cut through the roof […]
City Keeps Chinatown Park in the Dark over Light Outages [OP-ED]
Is the Department of Transportation stuck in neutral? Back in early 2017, the lights dotting Columbus Park in Chinatown began to fade, eventually shrouding the whole park in darkness. Being an early riser and accustomed to walking my Furbabies at 5:00am daily, I was forced to carry a flashlight in order to see. My inquiries to […]
Irving Farm to Close its Orchard Street Coffee Shop
Irving Farm Coffee is leaving the Lower East Side. The neighborhood shop – located at 88 Orchard Street – will close in the coming weeks. Thus capping a seven-year stint on the so-called museum block. But the storefront will stay a coffee shop in the future. Irving Farm confirmed this news, and noted that a […]
F Train Subway Tunnel to Undergo $100M Sandy-Related Repairs Next Year
F train riders, get ready for a shutdown. The Rutgers Tube, which connects Brooklyn and Manhattan beneath the East River, took on 1.5 million gallons of saltwater during the Hurricane Sandy in October 2012, and is next in line for repair. According to a report in The City, undergo at least $100 million worth of […]
Issey Miyake Boutique will Eventually Open on Kenmare Street [Updated]
That so-called jewel box development at Elizabeth and Kenmare Streets is a sore site for these eyes. With the mess of construction materials long-gone, the hulking concrete mass feels somewhat like a prison complex. And into this condo compound, a trendy international retailer on the ground level. Eye-grabbing teaser signage for Issey Miyake has been […]
