Standardized Operating Procedure of Purchase

The Varick Street Portfolio presents a rare opportunity to acquire four iconic properties in the heart of Utica’s Historic Brewery District—a neighborhood undergoing significant revitalization with growing municipal support and private investment. This collection includes The Paramount Building (608–612 Varick St), The Varick Bar & Grill (616 Varick St), The Stief (618–620 Varick St), and Sickenberger Lane (622–624 Varick St). These properties have long served as cornerstones of Utica’s nightlife and entertainment scene, and now offer a prime canvas for adaptive reuse and mixed-use redevelopment. Ideal for developers, investors, or hospitality entrepreneurs, the portfolio provides the opportunity to convert the upper floors into modern residential units—perfect for students, professionals, or short-term rentals, especially given the proximity to Colleges/Universities, Wynn Hospital, and the Nexus Center. At street level, the existing bar and restaurant spaces can be reopened, reimagined, or rebranded to meet the growing demand of the local and regional market. Additional value lies in a parcel located directly across the street, which may support dedicated parking or future expansion. With high visibility, and a strategic location in one of Utica’s most promising growth corridors, the Varick Street Portfolio is positioned to become a dynamic live-work-play destination. The sellers have applied for $2,000,000 in DRI grant money to go towards future redevelopment efforts. The sellers should hear back by May 2026 on the potential grant money from New York State. Reach out today for additional details, financials, or to schedule a private showing.