195 Henry St
New York, NY 10002
Multifamily Property For Sale · 15 Units

Calling All Investors, Developers & End-Users!!! 8.57 Cap 20 Unit Mixed Use Building In SoHo For Sale!!! The Building Features Excellent Signage, Great Exposure,  6 Parking Spaces, High Ceilings, All New LED Lighting, A/C, Separate Meters, 5 Stories, +++!!! The Property Is Located In The Heart Of SoHo Near The Brooklyn, Manhattan & Williamsburg Bridges!!! Neighbors Include Marriott Hotel, Dunkin, Wells Fargo Bank, CVS, Taco Bell, Trader Joe’s, Chick-Fil-A, Checker’s, Duane Reade, +++!!! This Property Offers HUGE Upside Potential!!!  This Could Be Your Next Development Site / Home For Your Business Or Make A Nice Addition To Your Investment Portfolio!!! Income: Store 1 (780 Sqft.) + 1/2 LL :  $48,000 Ann. (Available) Children’s Clothing Store (780 Sqft.) + 1/2 LL: $30,000 Ann. Lease exp.: 3/31/28; They Pay $50 Per Month For Water. Apartments: Unit 2 (1 Br.): $2,000 Per Month $24,000 Ann. Lease Exp. 4/1/25. Unit 3 (1 Br.): $600 Per Month $7,200 Ann. Lease Exp. 12/31/23. Unit 5 (1 Br.): $885.43 Per Month $10,625.16 Ann. Lease Exp. 12/31/23. Unit 6 (1 Br.): $1,278 Per Month $15,341 Ann. Unit 7 (1 Br.): $850 Per Month $10,200 Ann. Super. Unit 8 (1 Br.): $1,149 Per Month $13,788 Ann. Lease Exp. 5/31/23. Unit 9 (1 Br.): $746.39 Per Month $8,956.68 Ann. Lease Exp. 5/31/23. Unit 10 (1 Br.): $1,062 Per Month $12,744 Ann. Lease Exp. 3/30/24. Unit 11 (1 Br.): $1,230 Per Month $14,768 Ann. Lease Exp. 12/31/24. Unit 12 (1 Br.): $998 Per Month $11,976 Ann. Lease Exp. 5/31/23. Unit 13 (1 Br.): $1,068 Per Month $12,819 Ann. Lease Exp. 10/31/23. Unit 14 (1 Br.): $947.70 Per Month $11,300.40 Ann. Lease Exp. 10/31/23. Unit 15 (1 Br.): $1,104 Per Month $13,245 Ann. Unit 16 (1 Br.): $1,087 Per Month $13,049 Ann.  Unit 17 (1 Br.):  $1,256 Per Month $15,072 Ann. Lease Exp. 9/30/23. Unit 18 (1 Br.): $1,109 Per Month $13,306 Ann.  Unit 19 (1 Br.): $1,079 Per Month $12,951 Ann.  Unit 20 (1 Br.): $1,400 Per Month $16,800 Ann. Lease Exp. 7/31/23. Expenses: Gas: $12,200 Ann. Electric: $960 Ann. (Hallway Only) Insurance: $11,000 Ann. Maintenance & Repairs: $250 Ann. Taxes: $39,002.76 Ann. Total Expenses: $63,412.76 Ann. Current Gross Income:  $268,147.24 Ann. Projected Gross Income: $316,147.24 Ann.  Current Net Operating Income (NOI): $204,734.49 Ann. (6.94 Cap!!!) Projected Net Operating Income (NOI): $252,734.48 Ann. (8.57 Cap!!!)