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$4,990,000
Est. payment /mo
UPDATED:
Key Details
Property Type Mixed Use, Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 959932
Rental Info No
Annual Tax Amount $78,602
Property Sub-Type Mixed Use
Source onekey2
Property Description
Prime mixed-use investment opportunity in the heart of Downtown Manhattan! This well-maintained, full-depth building extends from street to street, offering exceptional functionality, strong presence, and multiple income streams. The property is configured with two residential units currently utilized as four units, plus three commercial spaces, creating a diverse and stable income-producing asset.
The residential portion features modern, thoughtfully designed interiors with open-concept kitchens and living areas, attractive finishes, and bright, airy layouts that appeal strongly to young professionals and urban tenants. These well-maintained units contribute reliable rental income and long-term tenant appeal.
The commercial component adds significant value and versatility, consisting of a street-level restaurant with excellent visibility and foot traffic, a full lower-level commercial space directly beneath the restaurant ideal for storage, prep, or expanded operations, and an additional kitchen area accessible from the rear of the building. This multi-level commercial configuration provides flexibility for restaurant operators, food service businesses, or other commercial users, and enhances the overall income potential.
With approximately four levels of usable space from the lower commercial level through the upper residential floors, this property maximizes both functionality and revenue generation. Ideally located just moments from restaurants, supermarkets, and daily conveniences, and only a short walk to the F train, the building benefits from steady foot traffic and strong tenant demand.
Offering stable income and an approximate 4.5% cap rate, this is an outstanding opportunity for investors seeking a well-located, income-producing mixed-use asset with long-term upside in one of Manhattan's most vibrant and established neighborhoods.
The residential portion features modern, thoughtfully designed interiors with open-concept kitchens and living areas, attractive finishes, and bright, airy layouts that appeal strongly to young professionals and urban tenants. These well-maintained units contribute reliable rental income and long-term tenant appeal.
The commercial component adds significant value and versatility, consisting of a street-level restaurant with excellent visibility and foot traffic, a full lower-level commercial space directly beneath the restaurant ideal for storage, prep, or expanded operations, and an additional kitchen area accessible from the rear of the building. This multi-level commercial configuration provides flexibility for restaurant operators, food service businesses, or other commercial users, and enhances the overall income potential.
With approximately four levels of usable space from the lower commercial level through the upper residential floors, this property maximizes both functionality and revenue generation. Ideally located just moments from restaurants, supermarkets, and daily conveniences, and only a short walk to the F train, the building benefits from steady foot traffic and strong tenant demand.
Offering stable income and an approximate 4.5% cap rate, this is an outstanding opportunity for investors seeking a well-located, income-producing mixed-use asset with long-term upside in one of Manhattan's most vibrant and established neighborhoods.
Location
State NY
County New York (manhattan)
Rooms
Basement Finished, Full, See Remarks
Interior
Heating Natural Gas
Cooling Multi Units
Flooring Hardwood
Fireplace No
Appliance Cooktop, Dishwasher, Dryer, Oven, Refrigerator, Stainless Steel Appliance(s), Washer
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Available, Water Connected
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
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Listed by Key Impact Realty Group Inc • Zhen Hu CBR RENE SRS CRS
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716