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5 Lispenard St 2 Unit Apartment Building $5,950,000 ($2,975,000/Unit) New York, NY 10013
INVESTMENT HIGHLIGHTS
- Meticulously Renovated
- Strong Retail Tenancy
- Exceptional Transit Access
- Prime Tribeca Location
- 100% Free Market
EXECUTIVE SUMMARY
Avison Young, as the exclusive agent, is pleased to present the rare opportunity to acquire 5 Lispenard Street (the “Property”), a meticulously renovated three-story mixed-use building with 20 feet of frontage located on the north side of Lispenard Street between West Broadway and Church Street, in the heart of Manhattan’s highly desirable Tribeca neighborhood.
The Property spans approximately ±4,775 square feet and consists of three (3) total units, including two (2) floor-through residential apartments and one (1) ground-floor retail space. Of the residential units, both are free-market (FM), with layouts featuring spacious three-bedroom, two-bathroom configurations.
The Property spans approximately ±4,775 square feet and consists of three (3) total units, including two (2) floor-through residential apartments and one (1) ground-floor retail space. Of the residential units, both are free-market (FM), with layouts featuring spacious three-bedroom, two-bathroom configurations.
PROPERTY FACTS
| Price | $5,950,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $2,975,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| No. Units | 2 | Building Size | 4,775 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1915 |
| Zoning | C6-2A - C6 districts permit a wide range of high-bulk commercial uses requiring a central ¬location | ||
| Price | $5,950,000 |
| Price Per Unit | $2,975,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,775 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | C6-2A - C6 districts permit a wide range of high-bulk commercial uses requiring a central ¬location |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 0211-0014 | Improvements Assessment | $404,910 |
| Land Assessment | $81,000 | Total Assessment | $485,910 |
PROPERTY TAXES
Parcel Number
0211-0014
Land Assessment
$81,000
Improvements Assessment
$404,910
Total Assessment
$485,910
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5 Lispenard St
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