Built in 1900 & 1913, 53 & 55 Stone Street (AKA 15-17 South William Street) are two 4 & 5 story mixed-use elevator buildings that have 16,698 SF (14,698 SF Upper Level) and include seven apartments (100% FM) & two retail units. Located between Coenties Alley and Mill Lane, these properties are located in the Stone Street Historic District and are situated next to the cobblestone pedestrian-only street, which is filled with restaurants and bars offering lively outdoor dining. The residential entrance sits on South William Street and features handicap access. Walking distance to Battery Park, City Hall Park and New York – Presbyterian Lower Manhattan Hospital. Nearby subways include the 2 & 3 Trains on Wall Street, J & Z Trains on Broad Street, 4 & 5 Trains on Bowling Green and [N, R, W] & [1] Trains on Rector Street.
Asking Price: $12,500,000
Store 1 (53 Stone Street: Vacant [approx. 1300 SF):
Previously operating as a restaurant, this duplex retail unit at 53 Stone Street offers a fully equipped kitchen in the cellar, complete with a freezer, changing room, storage, and prep area. The property also features outdoor seating on historic Stone Street. Upon entering from Stone Street, you’re greeted by a charming exposed brick wall to your left and a fully built-in bar area.
Store 2 (55 Stone Street: Bar/ Restaurant):
Formerly known as Underdog, the newly revamped restaurant and bar, The Bedford, at 55 Stone Street offers a fresh take on Mexican spirits and seafood, all set within a retro ocean liner-inspired ambiance. This transformation, in collaboration with The Bedford in Brooklyn, brings a refined, trendy atmosphere to the heart of Stone Street, rebranding itself as an “epicurean bar”. Tenant has been occupying the space since 2010. Tenant pays 50% share of Real Estate Taxes over the base year 2010/2011.
Noteworthy: The buildings are listed on the National Register of Historic Places; this space seamlessly blends historic charm with modern convenience. Additionally, a secondary entrance at 15 South William Street features a large glass display window, enhancing visibility and foot traffic. Both buildings share a common area/ vestibule wherein the elevator opens up. The present ownership also installed a handicap elevator from the ground to the first floor (access to the main elevator).