148 Baxter Street, New York, NY 10013

For Sale

Listed by Helene Xu with Elegran Real Estate and Development
$4,790,000 USD
  • 7 Beds
  • 7 Baths
  • Residential
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Property Summary for 148 Baxter Street Español?

Type
Residential
Sub-Type
Other
MLS Number
OLRS-0061467
Year Built
1920
full baths
7
Neighborhood
SoHo
Zip
10013
School District
2

Description for 148 Baxter Street

Will be delivered vacant. This is a property with immense potential and it is well-priced, leaving ample room for remodeling costs. For investors, setup estimate can be provided.Nestled in the historic downtown locale of NYC's most vibrant neighborhood is this exciting and unique development opportunity at 148 Baxter Street. An impressive 5-story building with extra high ceilings awaits those with an imagination to transform this vacant building into an iconic retail and/or residential destination.With an enviable location a short walk from SoHo's famous boutique retail corridor, half a block from a collection of eclectic restaurants, close to most subway lines, and in the heart of NYC's influential art and culture center, this multi-family is a rare opportunity one can capture.This towering building is set on a 21' wide and 71' deep lot and currently offers mixed-use with five units, all at free-market rent with significant income upside, plus a 1,300 sqft retail space with a full-sized basement for expansion.Those wanting to develop this site will relish the more than 4,000 sqft of residential space that can be converted into a 7-bed, 7-bath SoHo loft-style townhome. The property could also be converted into a 3-bed, 3-bath owner's duplex with a private roof deck, while benefiting from generous monthly rental income from the residential/commercial spaces to offset carrying costs. There is also enough FAR to add an additional appx 2000 sf of interior space. With property tax class 2B status, the annual city tax increase is capped.The abundance of extra-large windows on each floor fills the space with a lavish amount of natural light. The staircase leads to the 900 sqft rooftop, a finishing touch that is ready to be transformed into an exclusive rooftop garden with views overseeing this exceptional neighborhood.,Recently renovated mix use building with loads of potential . Building has 4 apartments (all with no leases) and a 1050 square foot store front. According to Property shark This building was originally 5 units and 2 stores and with the help of your architect and zoning expert, this building could have multiple uses rather than just an apartment building. Showings need 48 hours notice! The C of O has each floor as a commercial building, Possibly the perfect scenario for Air B and B? Again talk to your zoning lawyer!
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Features for 148 Baxter Street

Lot Features
  • Deck
Listing provided by Real Estate Board of New York
Copyright © 2020 Real Estate Board of New York. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Helene Xu

Elegran Real Estate and Development

Demographics in 10013top

Population

Total population 28,709
Male population 14,029
Female population 14,680
Median age 38.00

Households

Total households 11,986
Average people per household 2.23

Housing

Total housing units 14,144
Owner occupied 3,138
Renter occupied 8,848
Median year built 0

Income

Median household income 105,442
Average household income 259,828

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Disclaimer


Demographic data shown in this section was gathered from the 2018 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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