Multi-family

A versatile opportunity for investment or owner use in Manhattan’s vibrant Central Business District (CBD). Listed for $5,200,000 ($647.98/SF) with a 6.04% cap rate, this 2-star mixed-use property offers both retail and residential components, making it a compelling choice for a variety of uses.

Property Overview:

• Address: 47 Bayard Street, New York, NY, 10013
• Listing Price: $5,200,000
• Cap Rate: 6.04%
• Sale Type: Investment or Owner User
• Property Type: 2-Star Retail Storefront Retail/Residential
• Location: Central Business District (CBD), Manhattan
• Gross Leasable Area (GLA): 8,025 SF
• Stories: 4
• Typical Floor Size: 2,006 SF
• Class: C
• Docks: None
• Construction: Masonry

Key Features:

• Prime CBD Location: Nestled in a bustling area of Manhattan, the property benefits from high foot traffic and excellent visibility, making it an ideal location for retail or mixed-use operations.
• Mixed-Use Versatility: With its storefront retail and residential components, the building offers flexibility for diverse income streams or owner-occupied scenarios.
• Spacious Layout: The 8,025 SF building features well-sized floor plates of 2,006 SF, accommodating various tenant or owner needs.
• Attractive Investment Metrics: A competitive cap rate of 6.04% enhances the property’s appeal as a stable and profitable investment.
• Solid Construction: Built with durable masonry, the property is designed to withstand the demands of both retail and residential use.

Conclusion:

47 Bayard Street offers a unique opportunity for investors or business operators seeking a mixed-use property in one of New York City’s most dynamic neighborhoods. With its combination of location, flexibility, and income potential, this property stands out as an excellent choice in the Manhattan real estate market.