|Price/Rent PSF||$ 6,975,000.00|
|Asset Type||Mixed use|
|SQ. FT. Available||9,875|
Besen & Associates, Inc. and Marcus & Millichap, as co-exclusive agents for ownership, are pleased to offer for sale 31 Catherine Street (the "Property"), which is situated between Catherine and Henry Streets in the Chinatown neighborhood of Lower Manhattan, New York City.
The Property consists of a 5-story mixed-use building with 16 residential units and three commercial units (2 retail and 1 office). The property was built circa 1900 and contains 9,875 +/- SF. Ten (63%) rent regulated apartments average monthly rents of $1,006.50, which is well below market rates, offering significant upside to new ownership.
See offering memorandum for full details.
Greg Corbin at 646-424-5077 [email protected]
Miguel Jauregui at 212-951-8402 [email protected] or Zachary Zisken, [email protected] 646-872-0121