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$ 4,950,000
Est. payment | /mo
$ 4,950,000
Est. payment | /mo
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 497963
Year Built 1910
Annual Tax Amount $40,000
Property Sub-Type Mixed Use
Property Description
Excellent investment opportunity in the heart of Manhattan's Lower East Side. This mixed-use property features 2 ground-floor retail stores and 18 residential apartments, plus a finished basement. The building is ideally situated just minutes from the East Broadway subway station, offering convenient access to major transit lines and quick commutes to SoHo, Midtown Manhattan, and Downtown Brooklyn, making it highly attractive to both residential and retail tenants.
The property offers an attractive approximately 6.35% cap rate in a prime neighborhood surrounded by shops, restaurants, and essential services. This property presents an opportunity for long-term investors seeking stable cash flow in a high-demand New York City market.
The property offers an attractive approximately 6.35% cap rate in a prime neighborhood surrounded by shops, restaurants, and essential services. This property presents an opportunity for long-term investors seeking stable cash flow in a high-demand New York City market.
Location
State NY
County New York (manhattan)
Area Lower East Side
Zoning R7-2
Rooms
Basement Finished
Interior
Interior Features None
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 5
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by E House Realty & Mgt. Inc.
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DiTommaso Real Estate
Broker