Business for Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: New York, NY 10013

Description

Marcus & Millichap is pleased to exclusively offer 123-125 Mulberry Street and 186 Hester Street, located in prime Little Italy/NoLita. These assets are located off the Northwest corner of Mulberry Street and Hester Street spanning a total of 15,109 square feet offering a combine 11 total units: 1 commercial and 10 Residential between both assets. These properties are zoned C6-2G, located in the Little Italy District. 123-125 Mulberry Street is Tax Class 2B Protected and 186 Hester Street is Tax Class 2A Protected. (Block: 206, Lot: 17 and 14). Investment Highlights: • 123-125 Mulberry Street & 186 Hester Street, built in 1910, is an 11-unit mixed-use asset, spanning 15,109 SF. • Tax Class Protected: 2A/2B | Zoning: C6-2G | 90% Fair Market |1 Commercial and 10 Residential units • 123-125 Mulberry Street and 186 Hester Street is perfectly positioned between the charm of SoHo, the energy on Chinatown and culture of NoLIta with close proximity to the N,Q,J,Z, and 6 Subway lines.

Market Context

This mixed use in New York, NY is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 54 days. Compare it against other mixed use listings for sale in New York, NY — <a href="/search/sale/mixed-use/new-york/new-york">view the full market</a>.

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