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5-Unit Retail Condo - 100% Leased 132-138 Mulberry St
55,800 SF 85% Leased Office Building New York, NY 10013 £11,929,151 (£214/SF) 7% Net Initial Yield
Investment Highlights
- 10,000 SF 5-Unit Retail Condo
- The Strongest Block in Little Italy - 100 Feet of Continuous Retail Frontage
- 100% Occupied With Four Vented Restaurant Spaces
- Minimal Management Retail Asset - Outstanding Foot Traffic Location
Executive Summary
This is the incredibly rare opportunity to acquire 100 linear feet of frontage on one the most famous streets in New York. The property sits below a 50,508, five-story residential condo building. The offering consists of five separate units, all individually metered for utilities, and with zero use restrictions from the condo board. This is a minimal management asset, and the rare multi-tenant retail condo deal on a street that benefits from millions of yearly tourists. The Feast of San Gennaro, an 11-day festival held on Mulberry Street, brings 1M visitors alone to the street for just those few days.
The total rentable square footage is 10,000 SF, with the largest storefront being 3,200 SF, and the four restaurant spaces averaging 1,700 SF each.
Property Facts
Amenities
- 24 Hour Access
- Public Transport
- Basement
- Central Heating
- Wooden Floors
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
New York style loft office with open layout, exposed brick, architectural details, full pantry kitchen, private bathroom, & large windows. Great startup vibe.
Open layout Loft office with exposed brick, hardwood floors, 2 private bathrooms, 4 partitioned offices, 1 conference room and direct private elevator entrance.
- Brand new renovation w/ new LED lights, high-end wet pantry with dishwasher and stainless steel appliances - Beautifully restored exposed brick + hardwood floors - Built as open area, conference room, private bathroom, high end new pantry with dishwasher - Available furnished - Good natural light - Special space with character in one of a kind building ??Bike commuters dream: huge elevator opens directly onto the sidewalk Unique, speakeasy type entrance Oversized 24/7 passenger/freight elevator Verizon FIOS Responsive + attentive generational family ownership ***Showings by appointment only***
- Built as open space with a conference room, high end new wet pantry with dishwasher + stainless steel appliances, + private bathroom - Brand new renovation w/ new LED lights, beautifully restored exposed brick + hardwood floors - Available furnished - Good natural light - Special space with character in one of a kind building ??Bike commuters dream: huge elevator opens directly onto the sidewalk Unique, speakeasy type entrance Oversized 24/7 passenger/freight elevator Verizon FIOS Responsive + attentive generational family ownership SHOWINGS BY APPOINTMENT ONLY
- Brand new renovation w/ new LED lights, high-end wet pantry with dishwasher and stainless steel appliances - Beautifully restored exposed brick + hardwood floors - Available furnished - Good natural light - Special space with character in one of a kind building - Open layout with kitchen and private bathroom ??Bike commuters dream: huge elevator opens directly onto the sidewalk Unique, speakeasy type entrance Oversized 24/7 passenger/freight elevator Verizon FIOS Responsive + attentive generational family ownership SHOWINGS BY APPOINTMENT ONLY
Private top floor loft style office with built in desks and a shared bathroom.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste C | 1,100 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste A2 | 3,000 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 5A | 1,300 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 5B | 1,500 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 5D | 1,300 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste F | 250 SF | Office | Full Build-Out | Now |
2nd Fl-Ste C
| Size |
| 1,100 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste A2
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 5A
| Size |
| 1,300 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 5B
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 5D
| Size |
| 1,300 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste F
| Size |
| 250 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste C
| Size | 1,100 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
New York style loft office with open layout, exposed brick, architectural details, full pantry kitchen, private bathroom, & large windows. Great startup vibe.
3rd Fl-Ste A2
| Size | 3,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Open layout Loft office with exposed brick, hardwood floors, 2 private bathrooms, 4 partitioned offices, 1 conference room and direct private elevator entrance.
5th Fl-Ste 5A
| Size | 1,300 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
- Brand new renovation w/ new LED lights, high-end wet pantry with dishwasher and stainless steel appliances - Beautifully restored exposed brick + hardwood floors - Built as open area, conference room, private bathroom, high end new pantry with dishwasher - Available furnished - Good natural light - Special space with character in one of a kind building ??Bike commuters dream: huge elevator opens directly onto the sidewalk Unique, speakeasy type entrance Oversized 24/7 passenger/freight elevator Verizon FIOS Responsive + attentive generational family ownership ***Showings by appointment only***
5th Fl-Ste 5B
| Size | 1,500 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
- Built as open space with a conference room, high end new wet pantry with dishwasher + stainless steel appliances, + private bathroom - Brand new renovation w/ new LED lights, beautifully restored exposed brick + hardwood floors - Available furnished - Good natural light - Special space with character in one of a kind building ??Bike commuters dream: huge elevator opens directly onto the sidewalk Unique, speakeasy type entrance Oversized 24/7 passenger/freight elevator Verizon FIOS Responsive + attentive generational family ownership SHOWINGS BY APPOINTMENT ONLY
5th Fl-Ste 5D
| Size | 1,300 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
- Brand new renovation w/ new LED lights, high-end wet pantry with dishwasher and stainless steel appliances - Beautifully restored exposed brick + hardwood floors - Available furnished - Good natural light - Special space with character in one of a kind building - Open layout with kitchen and private bathroom ??Bike commuters dream: huge elevator opens directly onto the sidewalk Unique, speakeasy type entrance Oversized 24/7 passenger/freight elevator Verizon FIOS Responsive + attentive generational family ownership SHOWINGS BY APPOINTMENT ONLY
6th Fl-Ste F
| Size | 250 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Private top floor loft style office with built in desks and a shared bathroom.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £3,543,273 | |
| Land Assessment | £437,220 | Total Assessment | £3,980,493 |
PROPERTY TAXES
-
Scott Plasky -
Marcus & Millichap
Presented by
5-Unit Retail Condo - 100% Leased | 132-138 Mulberry St
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