Investment Overview

Marcus & Millichap is the exclusive sales broker for 215 Henry Street, a vacant lot between Clinton and Montgomery Streets on the Lower East Side. The subject property is vacant land and is currently being used as a parking lot for ownership. The lot measures 25 feet by 85 feet and is zoned R7-2/C1-5 (maximum 3.44 floor area ratio); it has 7,406 square feet of unused development rights and a curb cut. The property is neither landmarked nor in a historic district. The subject property is three blocks from the East Broadway F-train station and one block from Gouverneur Hospital, the largest freestanding ambulatory care center in New York State serving 50,000+ patients a year. The subject property is a short distance from Essex Crossing, a major mixed-use development, and One Manhattan Square, a recently built 815-unit condominium tower. Both of these economic drivers have brought thousands of new residents and consumers to this rapidly modernizing section of the Lower East Side.