NOT LISTED FOR SALE

32 Orchard St New York, NY 10002

Chinatown Neighborhood

Estimated Value: $6,722,723

6 Beds
6 Baths
11,200 Sq Ft
$600/Sq Ft Est. Value

Last Sold April 09, 2017

Last sale price $6,988,000 $624 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $41,233/month

156 Days on Market

Highlights

  • Pre War Building
  • 3-minute walk to East Broadway
  • 3-minute walk to Hester Street Playground
  • P.S. 42 Benjamin Altman Rated A

About This Home

As of April 2017

Welcome to the NEW LOWER EAST SIDE in between Brand New Hi End Hotel's, New Condominiums, Fantastic, hip, new restaurants and boutiquesImagine a Brand New fabulous Elevated Mansion, 3 floors, appr, 25 ft wide. and approximately 5600 sq ft., Possible 4 & 5th floor.with roof deck. Currently configured as Ground floor Commercial space 3,000SF and 2 renovated residential apartments of approximately 1,200 SF. 2 Residential units producing: $5,263.00 and $5,000.00 = $10,263 . Ground Floor Commercial: Approximately $15,000.00. Total Income: $25,263 . Total Square Footage Possible: 11,782 (With Transfer of additional air rights) . Taxes are currently $60,000 annually but soon will be $30,000 due to consolidation of multiple Commercial Spaces down to one. Total Projected NOI based on leased Comm. and reduced taxes: $303,156-$30k taxes: $273,156. Cap Rate Approx: 3%. Price Per Square Foot at $10,000,000 acquisition cost: $848.00 PSF. Price for new construction on Orchard Street $2,100PSF (196 Orchard Street.)

Last Agent to Sell the Property

Ivan Hernandez

Sothebys International Realty License #10301208597 Listed on: 09/06/2016

Sothebys International Realty

Co-Listed By

Arlene Groder

Compass License #40GR0745907

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,098

Year Built

  • Built in 1900

Lot Details

  • 1,612

Home Design

  • Pre War Building

Interior Spaces

  • 11,200 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Community Details

  • Loeast Subdivision

Listing and Financial Details

  • Legal Lot and Block 10 / 298

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,098

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Cross Street: CANAL STREET and HESTER STREET
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: LOEAST
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Living Area: 11200.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10

Beds/Baths

  • Bathrooms Integer: 6
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Building Info

  • Total Stories: 3
  • Year Built: 1900

Tax Info

  • Tax Block: 298
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2016
Closed on
Apr 3, 2017
Sold by
Stormcat Realty Llc
Bought by
Globalserv Property One Llc
Seller's Agent
Ivan Hernandez
Sothebys International Realty
List Price
$8,000,000
Sold Price
$6,988,000
Premium/Discount to List
-$1,012,000
-12.65%
Current Estimated Value
$6,722,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$265,277
Avg. Annual Appreciation
-0.42%

Purchase Details

Closed on
Sep 22, 2000
Sold by
Chin Yu Ping
Bought by
Stormcat Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,000
Interest Rate
7.88%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Globalserv Property One Llc $6,988,000 --
Globalserv Property One Llc $6,988,000 --
Stormcat Realty Llc $630,000 --
Stormcat Realty Llc $630,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stormcat Realty Llc $1,500,000
Previous Owner Stormcat Realty Llc $70,078
Previous Owner Stormcat Realty Llc $400,000
Previous Owner Stormcat Realty Llc $401,922
Previous Owner Stormcat Realty Llc $441,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2017 04/09/17 Sold $6,988,000 -12.7% $624 / Sq Ft
03/10/2017 03/10/17 Pending -- -- --
09/08/2016 09/08/16 For Sale $8,000,000 -- $714 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $53,098 $525,420 $139,050 $386,370
2024 $53,098 $501,300 $139,050 $362,250
2023 $46,949 $443,250 $139,050 $304,200
2022 $61,658 $573,300 $139,050 $434,250
2021 $57,796 $540,450 $139,050 $401,400
2020 $74,068 $767,250 $139,050 $628,200
2019 $71,433 $743,400 $139,050 $604,350
2018 $68,629 $713,250 $139,050 $574,200
2017 $63,092 $661,950 $139,050 $522,900
2016 $60,239 $645,750 $139,050 $506,700
2015 $23,657 $632,700 $139,050 $493,650
2014 $23,657 $596,700 $139,050 $457,650
Source: Public Records

Agents Affiliated with this Home

  • Ivan Hernandez

    Seller's Agent in 2017

    Ivan Hernandez

    Sothebys International Realty

    (212) 321-0266

    12 Total Sales

    Section Image
  • Arlene Groder

    Seller Co-Listing Agent in 2017

    Arlene Groder

    Compass

    (212) 913-9058

    8 Total Sales

    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10080128

Real Estate Board of New York (REBNY)

APN: 0298-0010

New York New York County New York 10002 Chinatown

32 Orchard St, New York, NY

This home is located at 32 Orchard St, New York, NY 10002 since 06 September 2016 and is currently estimated at $6,722,723, approximately $600 per square foot. This property was built in 1900. 32 Orchard St is a home located in New York County with nearby schools including P.S. 42 Benjamin Altman, Anna Silver Elementary, and The STAR Academy.

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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