Orchard Street Walkup Hits the Market for $6.5M
Late last year, the beige brick of 58 Orchard Street received a new coating of paint. It’s a sky blue hue likely meant to somehow raise the value of the property.
Our gut told us at the time that a property listing couldn’t be too far behind. And that’s precisely what happened.
The six-story walkup at 58 Orchard recently hit the open market for $6.5 million. There are two commercial spaces (plumbing store and vacant shop) and sixteen apartments, all of which are rent regulated. This latter tidbit could drive away prospective buyers looking to cash in big on the neighborhood.
Owner of record is one Robert Ittelson.