Industrial sites · New York
American Thread Building
Already converted housing retrofit with J51 subsidy; not a development opportunity. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from.
Site profile8 elements · what this retrofit is built with · tap a chip for the evidence
3+ other atlas sites within 10 km
This site: 28 within 10 km computed · all sites with thisCounty lost 10%+ of retail establishments since 2012
This site: -21% census-cbp · all sites with thisCounty permitting 2,000+ apartment units a year
This site: 4,463 units, New York County census-bps · all sites with thisCounty typical rent $2,000+
This site: $4,779/mo zillow · all sites with thisShrinking county
This site: -0.3% census-acs · all sites with thisTax abatement or incentive
This site: J51 tax abatement live/work lofts newtypes-extraction · all sites with thisReinhabited
This site: …live/work lofts record · all sites with thisHousing
This site: …new_use field newtypes-extraction · all sites with thisNow
| Status | Retrofit builtWikipedia |
|---|---|
| Strategy | ReinhabitedWikipedia |
| New uses | housingWikipedia |
| What is there now | live/work loftsnewtypes-extraction |
Planning
| Public purchase or subsidy | J51 tax abatementnewtypes-extraction |
|---|
Site context
| Housing permits, New York County (NY), 2024 | 4,463 units in 5+ unit buildings, 4 in 2–4, 0 single-family; 2023: 3,018 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 28 within 10 km, 36 within 25 km: A&P Warehouse (0.5 km); Flatiron Building (0.9 km); St. John's Terminal (1.0 km); Hudson Terminal shopping concourse (1.1 km); The Mall at the World Trade Center (1.1 km)computed |
| Retail trade in the county, 2012 to 2023 | 9,268 establishments (-21%); 115,257 jobs (-21%)Census CBP |
| Housing market in the county | typical home value $1.2M (+3% 1 yr, -10% 5 yr); typical rent $4,779/mo (+6% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 15,413 vehicles a day on VARICK ST (principal arterial, 2 lanes); 1,227 trucks; 40 counted segmentsFHWA HPMS |
Summary, model-written
Converted to live/work lofts (1981 renovation), now operating as housing. J51 tax abatement in place. Median rent $2,132. Retrofit already completed (status: built).
Why. Retrofit already built (opp_reasons), housing use confirmed (new_use: housing, after_notes: live/work lofts).
Where it stands. No development opportunity (opp_score: 0.0). Current housing market rent metric: $2,132 median. ZORI (rent index) $4,779 (2026-09 data).
For a planner
- Historic industrial building (1896) repurposed to housing in TriBeCa
For a developer
- Not a development opportunity (already built). Existing housing subsidy (J51). Median rent $2,132 matches current market (ZORI $4,779).
What we do not know yet
- No vacancy rate or occupancy data provided. No new construction needed (retrofit complete).
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Elsewhere on the web
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Multifamily screen
- retrofit already built
- median rent $2,132
- housing in the record
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Original developer | Wool Warehouse Companynewtypes-extraction |
|---|---|
| County | New York County |
| Census division | 2 · Mid-Atlantic |
| Notes | Draft from Wikipedia, model-extracted, unreviewed: The American Thread Building, originally a Wool Exchange Building built in 1896, was renovated and converted into live/work lofts in 1981. |
Not yet recorded: acres, GLA, year opened, retrofit year. Know it? Tell us.
Background
The American Thread Building is a historic building located at 260 West Broadway on the corner of Beach Street in the TriBeCa neighborhood of Lower Manhattan, New York City. The eleven story building was designed in the Renaissance Revival style by architect William B. Tubby, and built in 1896. It was originally known as the Wool Exchange Building, and owned by the Wool Warehouse Company; however the Wool Company did not succeed and the building was acquired by the American Thread Company in 1907. In 1979, a group of young artists made a stand against real estate developer Harry B. Macklowe.
Excerpt from Wikipedia (authors and history), CC BY-SA 4.0. May be older than the record above.
Timeline
- 1981 renovated and converted into live/work lofts
Sources
- American Thread Building · CC BY-SA 4.0
2 quoted sentences
American Thread Building
the building was renovated and converted into live/work lofts in 1981.
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