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Grubb & Ellis selling Soho stars.


Grubb & Ellis Company is currently marketing for sale six architecturally and historically significant properties on Greene Street in Manhattan's SoHo neighborhood. Brokers Vin Carrega and Neil Helman represent ownership in the disposition.

The six buildings, all fine examples of SoHo's famous cast iron structures, are located at 32-34, 65-67 and 72-76 Greene Street. 32-34 is just south of Grand Street, while 65-67 and 72-76 are between Spring and Broome Streets.

Built circa circa
prep. Abbr. ca
In approximately; about.
 1872, 72-76 Greene Street is an ornately or·nate  
adj.
1. Elaborately, heavily, and often excessively ornamented.

2. Flashy, showy, or florid in style or manner; flowery.
 grand building designed by Isaac F. Duckworth. It originally functioned as a warehouse for dry goods dry goods
pl.n.
Textiles, clothing, and related articles of trade. Also called soft goods.

dry goods npl (COMM) → mercería sg

dry goods 
 dealer Gardner Colby Company and was once known as the King of Greene Street. The property has five stories with an above ground square footage of approximately 33,000 s/f plus 7,500 s/f of basement This article is about the section of a building. For the foundation, see Basement rock.

A basement is one or more floors of a building that are either completely or partially below the ground floor. Slab-on-grade buildings do not have basements.
 space. It will be delivered about 70% vacant and can accommodate a variety of uses, including office, hotel and residential. With 75' of frontage on Greene Street, the ground floor offers a fantastic opportunity on one of the best retail streets in SoHo. In addition, a 3,600 s/f rooftop penthouse penthouse

Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof.
, as well as installation of new windows and storefront and the removal of the fire escapes from the front of the building, has been approved by the New York City Landmarks Preservation Commission The New York City Landmarks Preservation Commission is the New York City agency charged with administering New York's Landmarks Preservation Law.

New York City's first landmarks legislation was enacted in 1965, prompted by the demolition of the original Pennsylvania Station,
.

Built circa 1900, 65-67 Greene Street are two, five story buildings with total above grade square footage of approximately 22,000 s/f plus 5,000 s/f of basement space. The properties will be delivered about 50% vacant with availabilities that include strategic retail and second floor units in the 65 Greene Street building, the third floor of 67 Greene Street and the basement of both buildings. Both are appropriate for office, hotel and residential use. Ceiling heights range from just over 13' to nearly 16'.

32-34 Greene Street is located on the easterly side of the street and was constructed circa 1873. The buildings total 22,000 s/f of above ground space on five floors plus approximately 4,900 s/f of basement. 80% of the square footage will be delivered vacant, and both properties are available for immediate redevelopment into commercial or residential use. The New York City Landmarks Preservation Commission approvals already exist for the construction of a 962 s/f rooftop addition, while the NYC NYC
abbr.
New York City


NYC New York City
 Department of Buildings has approved construction drawings and permits that can be pulled to commence work immediately. A condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 plan has also been submitted to the Attorney General's office for approval.
COPYRIGHT 2006 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Dec 13, 2006
Words:420
Previous Article:Capital commitment.
Next Article:Christmas rush of retailers clamoring for W&M Properties.
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