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48 Orchard St

Chinatown, New York, NY
Floors
10
Total Size
36,388 sqft
Lot Size
0 acres
Year Constructed
2007
Year Renovated
0
Number of Buildings
1

About 48 Orchard St

Designed by Michael Muroff Architects and completed in 2007, the gorgeous residential towers at 48 Orchard Street in New York provide tenants looking to rent office space or retail space with a prime opportunity between Hester and Grand Streets.

The two tiered condo towers at 48 Orchard Street feature 11 and 8 floors above ground respectively. Commuters have easy access to public transport, when they rent retail or office space on Historical Orchard Street, often referred to as The New Gallery Row of New York.

Currently occupied by the Bosi Art Gallery, the retail space at 48 Orchard Street in New York will become available for tenants to move into when the gallery’s lease expires 8/31/2016.

The towers boast excellent window-lines on all floors and thus great natural light for retailers and office based tenants. This is as good as it gets in terms of commercial space in New York and this desirable unit won’t stay on the market for long.

Boasting an eye-catching facade of pale and dark gray brick and concrete which is brightened by buff colored brickwork, the towers at 48 Orchard Street in New York provide retailers and office based tenants with a superb business address.

Internet Providers for 48 Orchard St

Provider Technology Max Download Speed Max Upload Speed
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
25 Mb/s
1.5 Mb/s
Verizon New York DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: Chinatown

On average, listings lease in the $60's per square foot per year. The Chinatown submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the New York City market, the Chinatown region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Median Rate Median Size
Chinatown $65
/sqft/yr
1,400
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,370
sqft

Median Rate over Time in Chinatown