| Bulding Address: | 41-43 Division St, New York NY 10002 |
| Building Alternate address: | 41-43 Division St |
| Zip Code: | 10002 |
| Neighborhood: | City Hall |
| Borough: | Manhattan |
| Stories: | 7 |
| Year Built: | 1900 |
| Building Class: | B |
41-43 Division Street, located in the vibrant Chinatown area of Manhattan, New York, has a rich history dating back to its construction in 1900. This 7-story loft-style building was originally a commercial property, with significant transactions over the years.
In 2014, the Lam Group purchased the building for $11.5 million from H.K.D.C. Division Realty Corp, marking a significant change in ownership and use. The building has since undergone notable transformations.
One of the most recent and extensive renovations was completed in mid-2020. This full gut-renovation included significant capital improvements exceeding $5 million, transforming the building into a modern space with new steel beams, mechanical systems, plumbing, electrical work, windows, an elevator, and a restored façade.
Historically, the building was home to various commercial tenants, including two on the ground floor: H&F International Business and Sunrise Kitchen Supply. More recently, the space has been utilized by high-profile retailers such as Hypebeast, which operated a flagship store there.
The building's strategic location at the intersection of Chinatown, the Lower East Side (LES), Tribeca, SoHo, and the Financial District makes it a unique opportunity for various commercial users seeking a prime Manhattan location.
41-43 Division Street, Manhattan, NYC
Located on the south side of Division Street in the Two Bridges area, 41-43 Division Street sits at the vibrant intersection of Chinatown, Lower East Side (LES), Tribeca, SoHo, and the Financial District.
Building Overview
- 7-story commercial building originally built in 1900
- Cast-iron façade with extensive gut renovation completed mid-2020
- Approximately 30,872 gross rentable square feet total
- Structural upgrades: new steel beams, plumbing, mechanical, electrical systems
- Elevator extended to rooftop with rooftop access and 3,000 sq ft roof deck offering dramatic NYC views
Floor Space Details
| Floor |
Size (sq ft) |
Use |
Condition |
Ceiling Height |
| Lower Level |
3,250 |
Retail |
Full Build-Out |
11 ft |
| 1st Floor |
3,250 |
Retail |
Full Build-Out |
15 ft |
| 2nd Floor |
4,750 |
Office |
Full Build-Out (High-end showroom) |
Not specified |
| 3rd Floor |
4,750 |
Office |
Partial Build-Out (White-boxed space) |
Not specified |
Features
- Previously housed the “Hypebeast” flagship store
- Upgraded sound and lighting systems
- Floor-to-ceiling windows providing ample natural light
- Soaring ceilings of up to 15 feet on retail floors
- Located in a dynamic commercial and cultural hub with easy access to multiple subway and bus lines
Property and Tax Information
- Lot size approximately 3,465 sq ft
- Building class: Office with Commercial (7-19 stories)
- Estimated 2024-2025 property tax: $184,350
- Tax assessor's market value: $3,901,000
41-43 Division Street Building Amenities:
- Soaring Ceiling Heights: Up to 15 feet on the ground floor, 11 feet in the lower level, and 14.5 feet on available spaces.
- Full-Size Windows: Providing natural light and city views.
- Ample Outdoor Space: Includes a 3,000 square feet roof deck with spectacular NYC views.
- Upgraded Sound and Lighting System: Ideal for retail or event spaces.
- Recent Renovation: Fully gut-renovated with new mechanicals, plumbing, electric, and a restored façade.
- High-End Interiors: Features glass offices, wide-plank hardwood flooring, and modern bathrooms.
- New Elevator: With access to the rooftop.
- Finished Rooftop: Includes pavers for outdoor activities.
41-43 Division St, Manhattan, NYC has previously hosted notable retail flagships like Hypebeast, indicating its appeal for prominent commercial users. The building offers office and retail spaces with various conditions and availability.
Space Details:
- Lower Level: 3,250 SF, Retail - Full Build-Out
- 1st Floor: 3,250 SF, Retail - Full Build-Out
- 2nd Floor: 4,750 SF, Office - Full Build-Out
- 3rd Floor: 4,750 SF, Office - Partial Build-Out
Building Features:
- Gut-renovated building with new steel beams, mechanicals, plumbing, electric, windows, and elevator.
- Soaring ceiling heights of 14.5 feet on the ground floor and a 3,000 square feet roof deck.
Neighborhood:
Located at the intersection of Chinatown, Lower East Side (LES), Tribeca, SoHo, and the Financial District, offering a vibrant downtown environment.
Internet Providers at 41-43 Division St, Manhattan, NYC
The following internet service providers offer coverage and services suitable for 41-43 Division St, Manhattan:
- Spectrum: Cable internet with speeds up to 1 Gbps, offering reliable service with wide coverage in Manhattan.
- Optimum: Provides cable and fiber internet options with speeds up to 8 Gbps, known for high-speed connections.
- Verizon Fios: Fiber internet starting at 300 Mbps and reaching up to 2.3 Gbps, praised for fast speeds and strong customer service.
- Astound Broadband (formerly RCN): Cable and fiber internet with speeds up to 1.5 Gbps, offering competitively priced plans and unlimited data usage.
These providers support a variety of connection types including cable and fiber, ensuring high-speed internet access for residential and commercial needs in this Manhattan location.
41-43 Division Street, Manhattan, NYC is located at the intersection of vibrant neighborhoods including Chinatown, Lower East Side (LES), Tribeca, SoHo, and the Financial District. The area offers convenient transportation options:
- Subway: Closest subway station is Rutgers St & Broadway, serving the F line, approximately 0.27 miles away.
- Bus: Bus route M9 is available near E Broadway/Market St, with a stop about 0.032 miles away.
Cross streets are Catherine Street and Market Street.
