10
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Listing Courtesy of Corcoran Group
$11,000,000
Est. payment /mo
35 BD
32 BA
22,000 SqFt
Active
66 MULBERRY Street Manhattan, NY 10013
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UPDATED:
12/20/2024 10:02 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 22,000 sqft
Price per Sqft $500
Subdivision Chinatown
MLS Listing ID RPLU-33423281665
Bedrooms 35
Full Baths 32
HOA Y/N No
Year Built 1909
Annual Tax Amount $227,892
Property 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 to 7%.
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 St/85-91 Bayard St offers easy access to vibrant landmarks, parks, food markets, museums, art galleries, bars/restaurants, nightlife, and hotspots. Proximity to Tribeca, Soho, Little Italy, and Lower East Side makes it easy to experience all of Downtown. Commuters will appreciate proximity to the Manhattan/Brooklyn/Williamsburg Bridges, FDR Drive, and BQE, along with nearby J/N/Q/R/W/Z/6 (Canal/Chambers/City Hall/Bowery) and B/D (Grand St) subway lines, making it ideal for accessibility.
Popular nearby establishments include Nom Wah Tea Parlor, Wo Hop, Golden Unicorn, Uncle Lou, Joe's Shanghai, Mei Lai Wah, and Great NY Noodletown, to name just a few.Please reach out to exclusive listing brokers to request a sales memorandum and with any questions.
(All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyers are advised to verify all information.)
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 St/85-91 Bayard St offers easy access to vibrant landmarks, parks, food markets, museums, art galleries, bars/restaurants, nightlife, and hotspots. Proximity to Tribeca, Soho, Little Italy, and Lower East Side makes it easy to experience all of Downtown. Commuters will appreciate proximity to the Manhattan/Brooklyn/Williamsburg Bridges, FDR Drive, and BQE, along with nearby J/N/Q/R/W/Z/6 (Canal/Chambers/City Hall/Bowery) and B/D (Grand St) subway lines, making it ideal for accessibility.
Popular nearby establishments include Nom Wah Tea Parlor, Wo Hop, Golden Unicorn, Uncle Lou, Joe's Shanghai, Mei Lai Wah, and Great NY Noodletown, to name just a few.Please reach out to exclusive listing brokers to request a sales memorandum and with any questions.
(All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes, or withdrawal without notice. Buyers are advised to verify all information.)
Location
State NY
County Newyork
Building/Complex Name 66 Mulberry Street
Rooms
Basement Other
Interior
Cooling Other
Fireplace No
Laundry In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Mixed Use
Story 5
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $18, 991
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by Kelvin F Joyner
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