Investment Opportunity at 66 Mulberry Street, New York, NY, 10013
For Sale Price: $11,000,000
Cap Rate: 5.29%
Property Type: 2-Star Mid-Rise Apartments
Building Class: C
Positioned in New York City’s thriving Central Business District (CBD), this 5-story property offers a lucrative investment opportunity for buyers looking to expand their portfolio in Manhattan’s rental market.
Property Details
- Units: 38
- Total Gross Building Area (GBA): 31,905 SF
- Typical Floor Size: 4,400 SF
- Stories: 5
- Buildings: 4
- Units per Area: 331/AC
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Investment Highlights
- Market Segment: The property serves the Market Rent segment, ensuring consistent tenant demand and strong leasing activity.
- Location: Centrally located in the heart of Manhattan, this asset benefits from proximity to restaurants, transportation, and business hubs, making it attractive to a diverse tenant base.
- Rental Revenue Potential: With 38 residential units spread across five stories, the property is well-suited to attract steady cash flow for an investor seeking stable returns.
- Development Opportunity: Its 31,905 SF and prominent location present potential for repositioning or enhancing market value in the future.
Additional Features
This mid-rise apartment building is an ideal fit for long-term investors targeting dependable rental income with a cap rate of 5.29%. The property’s central location ensures year-round demand from tenants in one of Manhattan’s most dynamic markets.
Don’t miss the chance to own a prime investment property in New York City’s highly competitive real estate market.
Contact us today for further details or to schedule a private viewing of this property.
