$5,500,000 USD
718-475-4348
HIGHLIGHTS
- 4,513 Square Foot Mixed-Use Property with 2 Commercial Units and 2 Market Rate Residential Units in the Lower East Side
- Protected 2A Tax Class: Limits real estate tax increases from today’s $6,813 to a maximum of 8% annually and 30% over five years
- Brand New 10-Year Lease to Speakeasy Bar Operator with Four other Thriving Locations
- Cash-flowing Asset with Significant Upside in the Stanton Street Retail and Apartment Rents
- Zoning C4-4A: Offers flexibility for commercial and residential use with an additional 4,105 square feet of undeveloped air rights
- Excellent Public Transit Connectivity: Easy access to the F, M, J, B, D and Z subway lines at Delancey Street/Essex Street station, as well as nearby
FOR SALE DETAILS
PRICE
$5,500,000 USD
PRICE/SF
$2,380 USD /SF
CAP RATE
7.35%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
ADD'L SUBTYPES
Restaurant, Storefront Retail/Office, Office/Residential
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1901
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.05 AC
LAND SF
2,178 SF
ZONING
C4-4A
APN/PARCEL ID
0421-0060
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718-475-4348
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718-475-4348
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