Multi-family

Located at 238 Mulberry Street, New York, NY, 10012, this 2-star retail storefront property is an excellent investment opportunity or owner-user option, priced at $9,999,999 ($1,282.05/SF). Situated in a prime CBD location, this property blends residential and retail use, making it highly versatile.

Property Overview:

• Price: $9,999,999 ($1,282.05/SF)
• Gross Leasable Area (GLA): 7,800 SF
• Stories: 4
• Typical Floor Size: 1,950 SF
• Type: Retail Storefront Retail/Residential
• Class: C
• Ceiling Height: 13′
• Docks: None
• Construction: Masonry

Key Features:

• Central Location: Positioned in Manhattan’s Nolita neighborhood, the property benefits from vibrant surroundings, including boutique shops, dining options, and cultural landmarks. Its CBD designation ensures high demand from both commercial tenants and residents.
• Mixed-Use Design: The combination of retail storefront and residential space offers dual income potential, appealing to investors and businesses seeking premium retail exposure.
• Efficient Layout: The 13-foot ceilings and masonry construction provide a robust structure ideal for diverse business or residential uses. Each floor’s design supports seamless operations or living arrangements.
• Investment Potential: With its location and flexible design, the property is ideal for generating strong rental income while allowing for appreciation in a desirable area.

Conclusion:

This property at 238 Mulberry Street represents a rare opportunity in one of Manhattan’s most sought-after neighborhoods. Whether for an owner-user or as an investment, its prime location, functional layout, and mixed-use capability make it a standout choice.