128 MULBERRY STREET

For Sale - Manhattan - Little Italy

$11,000,000

Net Operating Income: $475,424

Ic expand

Key Details

Property Type
Mixed Use
Neighborhood
Little Italy
Property Dimensions
25.83 x 50.0
Property Area
4,807 sq.ft.
Total Units:
6
Stories:
7
NOI
$475,424
Price
$11,000,000

Listing Description

Cushman & Wakefield has been exclusively retained to arrange for the sale of 128 Mulberry Street, a 7-story mixed-use multifamily building located on the southeast corner of Mulberry and Hester Streets. The building is 100% occupied and is comprised of 5 free-market residential units and 1 retail unit. The retail is occupied by Little Italy Famous Gift Shops and is leased until May 2024. The residential portion of the building is comprised of three 1-bed/1-bath units, one 2-bed/1-bath unit and a penthouse duplex which is a 2-bed/2-bath unit. The property has an additional 1,686 square feet of air rights available.

Property Details

Block/Lot:
205/1101-1105
Lot Dimensions
25.83 x 50.0
Lot Area
1,291 sq.ft
Zoning:
C6-2G
FAR as Built:
5.1
Maurice SuedeCushman & Wakefield
Contact Agent Download Listing Flyer

Sales & Transactions

AddressSale PriceSale DateProperty Type
244-246 ELIZABETH STREET$1,702,21006/08/2018Mixed Use
13 PRINCE STREET$23,500,00003/19/2018Mixed Use
174 MOTT STREET$11,000,00012/15/2016Mixed Use
388 BROOME STREET$15,200,00011/30/2016Mixed Use
49-51 PRINCE STREET$8,742,50008/30/2016Mixed Use
239 ELIZABETH STREET$7,000,00008/09/2016Mixed Use
237 ELIZABETH STREET$7,250,00007/11/2016Mixed Use
174 ELIZABETH STREET$2,100,00003/29/2016Mixed Use
9 SPRING STREET-12/18/2015Mixed Use
232 MOTT STREET$14,730,00012/17/2015Mixed Use