Status: Active

66 MULBERRY Street, #

Chinatown

$9,950,000
 |  35 Beds  |  32 Baths  |  22,000SF

Description

The Forray Team at The Corcoran Group is pleased to present 66 Mulberry St/85-91 Bayard St. A remarkable well-maintained prewar corner mixed-use building in heart of vibrant Chinatown, Lower/Downtown Manhattan. The property features six (6) diverse commercial retail tenants with uses ranging from restaurant, bakery, ice cream, tea, and more along with thirty-one (31) rent-stabilized residential units above. Offering strong rental income and phenomenal location rich in history/tradition & culture, its perfect for new ownership/investor looking for an exceptional investment and significant value to their existing portfolio with its projected cap rate close of 8%.

This exclusive opportunity presents a rare chance for the ownership of an existing corner mixed-use brick/masonry property (C7 Building Class) built on a colossal 50.58 X 100 Lot providing incredible frontage on both streets. The existing five (5) story building boast approx. 22,000SF of commercial and residential space. Within C6-1 zoning, an additional +/-7,601SF can be expanded upon the property, offering a maximum usable FAR of 29,616! Does not reflect any upcoming zoning changes due to House of Yes Approval

In the bustling core of Chinatown, 66 Mulberry ...
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Property Details

  • Commercial

Amenities

  • Building: Green Building
  • Interior: Smoke Free
  • Cooling: Other
  • Patio: None
  • Attendance: None
  • View: Other
  • Building Laundry: In Unit
  • Laundry: In Unit
  • Building Pets: Building Yes
  • Pets: Building Yes, No
  • Basement: Other

The Neighborhood

CHINATOWN
Chinatown

For information on 66 MULBERRY Street, # contact:

realtor top real estate agent

Megan Eisenberg

Licensed RE Salesperson

917-822-2474

Licensed RE Salesperson
megan@brickandmortar.com
917-822-2474

Listing courtesy of Corcoran Group
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