Map of Property

116 Suffolk Street, New York, NY 10002

For Sale

116 Suffolk Street, New York, NY 10002

This New York property for sale is located at 116 Suffolk Street. The current listed sale price for 116 Suffolk Street, New York, NY 10002 is $6,750,000. 116 Suffolk Street, New York, NY 10002 is situated on a lot that is 0.06 acre in size.

Contacts

broker

Michael DeCheser

Cushman & Wakefield

(212) 660-7772

broker

Bryan Hurley

Cushman & Wakefield

(212) 660-7706

Property Details

  • Property Type Unassigned
  • Lot Size 0.06 Acre
  • Building Class C4
  • Year Built 1910
  • Date Updated Apr 26, 2024
Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of 116 Suffolk St, in the Lower East Side of NY. The property is a 9,150SF, 9 unit mixed-use building located on the E side of Suffolk between Rivington and Delancey. The building consists of eight large apartments over 1 store. The retail space enjoys soaring ceiling height (16’) and is occupied by specialty bookstore. Of the 8 residential units, two are deregulated, three are renovated Rent Stabilized units with “first rents”, one Rent Stabilized unit, and two Rent Controlled tenants. The store has a lease until 2030, with 3% annual increases and 25% of tax increases over base year 20/21 (base taxes are $20,782.28). The heat is electric and is separately metered. Hot water (oil fired) and is supplied by the landlord. The building is in the 2B protected tax class. Taxes are only $26,240. The building is across the street from The Clemente, which is a restored art and performance space (www.theclementecenter.org), and 1 ½ blocks from Essex Crossing Development on Delancey. Approximately 850SF of air rights are intact.

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Location

  • City New York, NY
  • Neighborhood Lower East Side
  • Zip Code 10002
  • Market Manhattan

Points of Interest

  • Essex Street

    0.09 miles

  • Delancey Street

    0.12 miles

  • Allen St & Houston St

    0.31 miles

  • 1 Avenue & Houston St

    0.33 miles

  • 2nd Avenue

    0.37 miles

  • East Broadway (F)

    0.38 miles

  • East Broadway (F)

    0.40 miles

  • Grand Street

    0.42 miles

  • Bowery

    0.42 miles

  • East Broadway

    0.42 miles

  • Blink

    0.33 miles

  • Tesla Supercharger

    0.33 miles

  • ChargePoint

    1.11 miles

  • ChargePoint

    1.13 miles

  • BP

    1.27 miles

  • ChargePoint

    1.31 miles

  • ChargePoint

    1.35 miles

  • Blink

    1.39 miles

  • ChargePoint

    1.40 miles

  • ChargePoint

    1.41 miles

  • Delancey & Essex Municipal Garage

    0.13 miles

  • Village View Parking Area 3

    0.44 miles

  • Christie Garage

    0.45 miles

  • iPark

    0.57 miles

  • Edison ParkFast

    0.68 miles

  • Park Kwik

    1.01 miles

  • Sunny

    1.14 miles

  • Park Fast

    1.15 miles

  • MPG

    1.18 miles

  • NYPD Brooklyn Tow Pound

    1.28 miles

  • Holiday Inn

    0.05 miles

  • Sago Hotel

    0.21 miles

  • The Ludlow Hotel

    0.22 miles

  • Orchard Street Hotel

    0.22 miles

  • The Allen Hotel

    0.26 miles

  • The GEM Hotel Soho

    0.37 miles

  • citizenM New York Bowery

    0.41 miles

  • PUBLIC, an Ian Schrager hotel

    0.43 miles

  • The Bowery House

    0.46 miles

  • Sohotel

    0.46 miles

  • Food Stop

    0.15 miles

  • Trader Joe's

    0.20 miles

  • Target

    0.20 miles

  • Union Market

    0.24 miles

  • Fine Fare Supermarket

    0.24 miles

  • Marshalls

    0.26 miles

  • Key Food

    0.31 miles

  • East Side Glatt

    0.33 miles

  • 4th Street Deli

    0.34 miles

  • Key Food

    0.36 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact 116 Suffolk Street, New York, NY 10002