32 Orchard Street Hits the Market for $8M

Posted on: September 17th, 2015 at 5:14 am by
This image has been archived or removed.

It seems that longtime Lower East Side exterminators, M&M Environmental, might need to start looking for new office space. A real estate listing hit the market yesterday that pimps 32 Orchard Street as a great “investment opportunity.” Enough to justify the asking price of $8 million by current owner, Staten Island-based Stormcat Realty LLC.

Here we go again.

Keller Williams NYC apparently has the exclusive on the funky three-story walkup. Broker babble promises that the entire building can be delivered vacant, including the commercial unit and both market rate loft apartments (3 bedroom, 2 bathroom).

Both office units will be delivered vacant and the leases of two apartments expire on 11/30/2015 and 2/29/2016.

These bright apartments are equipped with washer/dryer in unit, open chef s kitchen with caesarstone countertops, dishwasher and stainless steel appliances. The apartments have hardwood floors throughout and 9 high ceilings. New owners may open up the ground floor layout and change to bigger showcases and entrances for spacious retail or commercial space. Currently it is divided in two offices. The ceiling is very high on the ground floor, thus it has mezzanine.

The property would be ideal for an owner user or an investor. C6-2 zoning allows the building to be a Mixed Residential and Commercial Building as is, or an office building with retail.

Unfortunately, the unique character of 32 Orchard Street is threatened, thanks in large part to the available 5,000 square-feet of additional air rights.

Recent Stories

Newcomer Tres Leches Cafe Keeps Orchard Street in Treats

A new bakery dedicated to all things tres leches is now serving in Hell Square. DIU Tea didn’t survive the pandemic, and its former footprint at 160 Orchard Street is now occupied by Tres Leches Cafe Downtown. The newcomer serves up a bevy of desserts, but also bagels, muffins, and coffees. It opened last month, […]

East River Park Advocates Appeal Redacted Resiliency Engineering Report

In a late-day mailer yesterday, East River Park advocates announced an appeal of the heavily redacted Value Engineering Study, the report Mayor de Blasio cited in 2018 when announcing the sudden change in the flood control plan. East River Park ACTION attorney Jack Lester sent an appeal on March 2 to the City’s Department of […]

Lower East Sider Spends Birthday Buffing Graffiti from MOSCOT on Orchard Street

For her birthday, a Lower East Side native only wanted to help MOSCOT restore its image. Its Orchard Street storefront, that is. You’ll recall that the exterior of the cornershop has gradually devolved into a mess of graffiti tags in recent months. Paint on nearly every surface, including the shutters and billboard boxes. There is […]

Clayton’s Corner: Martha Cooper to Middle Collegiate

Clayton Patterson sent his latest dispatch of imagery from his recent neighborhood walkabouts. The latest Clayton’s Corner is here. Legendary graffiti photographer, Martha Cooper, standing beside a payphone in Astor Place that features one of her iconic images. NY PopsUp spent last weekend at the International Center of Photography on Essex Street. It drew crowds […]

Upside Pizza Slinging Slices in Little Italy

Upside Pizza is now serving at the former home of Pomodoro in Little Italy. It opened on Spring Street this past Wednesday. Founder Noam Grossman and partners Eli and Oren Halali (behind 2 Brothers and Taqueria Diana) had been renovating 51 Spring Street since the fall. The pizza parlor opted for a gut renovation, resulting […]