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79 Mott St (Heart of Chinatown) 79 Mott St 16 Unit Apartment Building $9,900,000 ($618,750/Unit) 3.54% Cap Rate New York, NY 10013
INVESTMENT HIGHLIGHTS
- Fully Occupied Ground Retail Units
- Fully Occupied Residential Units
EXECUTIVE SUMMARY
Prime Chinatown mixed use building. Great condition, great location and a strong stable rent roll. The building consists of a 5-story walk-up with 3 prime retail units (2 street level and 1 selling basement) and 16 residential apartments (of which 7 are free market and 9 are rent stabilized).
Canal Street and Bayard Street (Chinatown)
Canal Street and Bayard Street (Chinatown)
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$350,000
|
$31.04
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $350,000 |
| Annual Per SF | $31.04 |
PROPERTY FACTS
| Price | $9,900,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $618,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 3.54% | Building Size | 11,275 SF |
| No. Units | 16 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | ||
| Zoning | C6-1G - Permits a wide range of high-bulk commercial uses requiring a central location | ||
| Price | $9,900,000 |
| Price Per Unit | $618,750 |
| Sale Type | Investment |
| Cap Rate | 3.54% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 11,275 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Zoning | C6-1G - Permits a wide range of high-bulk commercial uses requiring a central location |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Hardwood Floors
- Refrigerator
- Oven
SITE AMENITIES
- Controlled Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 0200-0020 | Improvements Assessment | $1,158,960 |
| Land Assessment | $171,000 | Total Assessment | $1,329,960 |
PROPERTY TAXES
Parcel Number
0200-0020
Land Assessment
$171,000
Improvements Assessment
$1,158,960
Total Assessment
$1,329,960
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Central Management Corp.
79 Mott St (Heart of Chinatown) | 79 Mott St
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