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71 Leonard St
New York, NY 10013
Shaftway · Multifamily Property For Sale
·
9 Units
Investment Highlights
- Mixed-Use Asset
- Residential Upside Through Renovation
- Attractive Basis
- Retail Mark-to-Market Opportunity
- Historic Tribeca Location
- Zoning
Executive Summary
Avison Young, as the exclusive agent, is pleased to offer for sale 71 Leonard Street (the “Property”), a 12,927 square foot mixed-use, cast-iron walk-up building located in the heart of Manhattan’s historic Tribeca neighborhood. The Property comprises eight residential units and one ground-floor retail space spanning 2,000 square feet at grade, situated on a 2,446 square foot lot within the C6-2A (R8A equivalent) zoning district. Originally built in 1866 and altered in 1978, the Property offers an investor a compelling blend of in-place income and meaningful upside through near-term lease mark-to-market opportunities.
Property Facts
| Price Per Unit | $555,556 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 9 | Building Size | 12,927 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1910 |
| Zoning | C64, New York - C6 districts permit a wide range of high-bulk commercial uses requiring a central ¬location | ||
| Price Per Unit | $555,556 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 12,927 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1910 |
| Zoning | C64, New York - C6 districts permit a wide range of high-bulk commercial uses requiring a central ¬location |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | 1,400 |
Property Taxes
| Parcel Number | 0174-0010 | Improvements Assessment | $848,802 |
| Land Assessment | $346,366 | Total Assessment | $1,195,168 |
Property Taxes
Parcel Number
0174-0010
Land Assessment
$346,366
Improvements Assessment
$848,802
Total Assessment
$1,195,168
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