Contacts
Joe Koicim
Marcus Millichap || New York Multifamily
Peter Dodge
Marcus Millichap || New York Multifamily
Property Details
- Property Type Mixed Use
- Property Size 7,020 SF
- Units 8
- Lot Size 0.04 Acre
- Year Built 1900
- Date Updated Jul 14, 2022
Size and Location: 9-unit mixed use building located in the heart of Little Italy
Existing Cash Flow: Asking a 5.0% CAP rate on strong existing cash flow with free market rental upside
Protected Tax Class 2B: Tax increases are capped at 8% annually and no more than 3-% over any given 5-year period
Immediate Free Market Rental Upside: Existing free market rents in the building are below market
Diverse unit-mix: the subject property includes two 1 BR apartments, two 2 BR apartments, and four 3 BR apartments
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Attachments
Getting around
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Location
- City New York, NY
- Neighborhood Little Italy
- Zip Code 10013
- Market Manhattan
Points of Interest
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Spring Street
0.15 miles
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Canal Street
0.19 miles
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Bowery
0.20 miles
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Canal Street
0.20 miles
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Grand Street
0.24 miles
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Prince Street
0.29 miles
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Houston Street & Lafayette Street at Southeast Corner
0.35 miles
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Broadway & Houston Street at Southeast Corner
0.35 miles
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Broadway–Lafayette Street
0.36 miles
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Houston Street & Crosby Street at Northeast Corner
0.37 miles
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Tesla Supercharger
0.21 miles
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Blink
0.37 miles
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ChargePoint
0.73 miles
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ChargePoint
0.78 miles
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Blink
0.81 miles
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ChargePoint
0.82 miles
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ChargePoint
1.16 miles
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Mobil
1.34 miles
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ChargePoint
1.41 miles
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Blink
1.51 miles
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iPark
0.23 miles
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Christie Garage
0.23 miles
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Delancey & Essex Municipal Garage
0.49 miles
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Edison ParkFast
0.55 miles
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Park Fast
0.56 miles
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Village View Parking Area 3
0.75 miles
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Speedy Park
0.75 miles
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SP+
0.84 miles
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Pier 40
1.01 miles
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Edison Park Fast
1.04 miles
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NobleDen
0.07 miles
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The SoLita SoHo Hotel
0.08 miles
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Nolitan hotel
0.10 miles
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NoMo SoHo
0.13 miles
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49 Crosby
0.14 miles
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Sohotel
0.15 miles
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City Rooms NYC Soho
0.18 miles
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U.S. Pacific Hotel
0.19 miles
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citizenM New York Bowery
0.21 miles
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World Hotel
0.22 miles
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Christmas in New York
0.10 miles
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iFresh Market
0.13 miles
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May-Wah Vegetarian Supermarket
0.14 miles
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Bloomingdale's
0.15 miles
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TJ Maxx
0.18 miles
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Pearl River Mart
0.18 miles
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Muji
0.19 miles
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Hong Kong Supermarket
0.19 miles
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Tan Tin Hung Supermarket
0.20 miles
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Po Wing Hong Food Market
0.22 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.