6 Unit Mixed Use Building SoHo, Manhattan, NY

$16,377,000
For Sale
Property type: Mixed-Use
Gross Sqft (Sq Ft)
19,800
Units
6
Commercial Units
1

Details

  • Lot Size: 3,420 Sq Ft
  • Year Built: 1915
  • Block / Lot: Call for info
  • Zoning: M1-5B, M1-5A
  • Lot Dimensions: 42' x 86.25'
  • Lot Area: 3,420 Sqft
  • Building Dimensions: 42' x 81' (irreg)
  • Gross Sqft: 19,800
  • Residential Sqft: 10,800
  • Commercial Sqft: 9,000
  • Stories: 5
  • Residential Units: 6
  • Commercial Units: 1
  • Commercial FAR: 5.00
  • Facility FAR: 6.5
  • FAR as built: 5.79
  • Tax Class: 2B
  • Taxes (20/21): $152,051
  • Year Built: 1915

Description

Price includes a 3% broker fee paid by buyer


This is a five-story, mixed-use walk-up building, located between in the Soho neighborhood of Manhattan near Canal and West Broadway. The 19,800 square foot building is comprised of one retail unit with 42’ of prime frontage and six large 2-bedroom residential units (four free market, two IMD). The retail unit, which will be delivered vacant, consists of 3,500 square feet on the grade level and an additional 3,500 square feet below-grade. With no use restrictions on the unit, a retail investor or user will be able to capitalize on the high pedestrian traffic. Investors will also benefit from the steady cash flow provided by the residential units.

The central location offers numerous transportation options all within close proximity. To the west at Canal Street and Varick Street is the 1 train, directly to the south is the A, C, E train at Canal Street and 6th Avenue, and directly to the east is the N, Q, R, W at Canal Street and Broadway. Additional commuting options are available via the Holland Tunnel, just blocks away. The property is further surrounded by high profile SoHo shopping options such as Bloomingdales and the Adidas Flagship store.

Situated within SoHo, this property presents a tremendous opportunity for an owner-user or investor to take advantage of the prime retail space, as well as the in-place cash-flow from the residential units.


For financing, contact:

Keith Dunne
Canyon Mortgage Corp
keith@canyonmtgcorp.com
516-662-9377
NMLS#: 1265985

Contact the Agent

Rowen Giles

New York Licensed Real Estate Salesperson
Rowen is a New York Licensed Real Estate Salesperson in association with D. White, a licensed broker. Hire Rowen as your real estate agent to represent you in the purchase or sale of residential and commercial real estate. Locations include Brooklyn, Bronx, Queens, Long Island, Staten Island, and upstate NY.