102 BAYARD STREET

Sold - Manhattan - Chinatown

$5,500,000

Net Operating Income: $308,624

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Key Details

Property Type
Mixed Use
Neighborhood
Chinatown
Property Dimensions
25.0 x 47.0
Property Area
9,125 sq.ft.
Total Units:
19
Stories:
5
NOI
$308,624
Price
$5,500,000

Listing Description

Avison Young, as exclusive agent, is pleased to offer for sale 102 Bayard Street, a 19-unit mixed-use building in the Lower East Side neighborhood of Manhattan. The Property features 18 apartments: three are free-market, 15 are rent-stabilized, and one is vacant. The Property contains a front building with eight sizeable apartments as well as a vacant retail unit, and the rear building contains 10 studio apartments. There is a large courtyard separating the buildings that can be used as common outdoor space. In addition, the Property’s gas and electric systems were recently updated and the units are individually metered.

The Property is located on the north side of Bayard Street, between Mulberry and Baxter streets. It overlooks Columbus Park, offering superior light and air. Throughout
its life, the dynamic park has undergone many changes and reconstruction. It hosts a wide variety of events and assemblies and continues to be a gathering place for people of different cultures and ages. Excellent transportation is available from the Canal Street Station and significant public and private investment in the neighborhood anchor the Property’s long- term desirability for residences and retailers alike.

Property Details

Block/Lot:
199/31
Lot Dimensions
25.0 x 100.0
Lot Area
2,500 sq.ft
Zoning:
C6-1
FAR as Built:
3.65
Max FAR:
6.5
Bradley RothschildAvison Young
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Sales & Transactions

AddressSale PriceSale DateProperty Type
185 HESTER STREET$18,250,00007/24/2018Mixed Use
77-79 MADISON STREET$12,000,00004/25/2018Mixed Use
63 EAST BROADWAY$5,500,00004/17/2018Mixed Use
185 GRAND STREET$13,500,00003/22/2018Mixed Use
127 MOTT STREET$7,370,00003/02/2018Mixed Use
174 HESTER STREET$8,550,00002/22/2018Mixed Use
360 BROADWAY$46,000,00002/16/2018Mixed Use
102-104 MOTT STREET$14,700,00001/12/2018Mixed Use
41-43 DIVISION STREET$15,500,00012/20/2016Mixed Use
45 MOTT STREET$8,275,00011/16/2016Mixed Use