Multi-family

Prime Investment Opportunity – 146 Henry Street, New York, NY 10002

Address: 146 Henry Street, New York, NY, 10002
Price: $3,200,000 ($530.06/SF)
Cap Rate: 4.10%
Sale Type: Investment
Type: Retail Storefront & Residential
Gross Leasable Area (GLA): 6,037 SF
Stories: 5

Property Overview:

Located in Lower Manhattan’s bustling Chinatown district, 146 Henry Street presents a unique mixed-use investment opportunity. This five-story retail and residential building offers stable rental income, strong appreciation potential, and a high-demand location in a rapidly developing area.

Key Features:

Prime Lower Manhattan Location:

• Situated in Chinatown, close to the Lower East Side, Financial District, and Two Bridges.
• High foot traffic area with a diverse tenant base including local businesses, professionals, and families.
• Steps from East Broadway, Canal Street, and major public transportation hubs, ensuring strong visibility and accessibility.

Strong Investment Potential:

• Five-story mixed-use property with retail storefront on the ground floor and residential units above, providing diverse income streams.
• Market-rate rental structure, allowing for future revenue growth.
• Cap rate of 4.10%, making it an ideal long-term investment with strong cash flow.

Building Specifications:

• 6,037 SF of gross leasable area, offering a balanced mix of commercial and residential spaces.
• Classic mixed-use design, suitable for retail businesses, offices, or service-based tenants on the ground floor.
• Potential for value-add improvements, further increasing rental income and property value.

Excellent Transit & Accessibility:

• Steps from major subway lines (F, B, D, J, Z, 6), ensuring convenient access for tenants and customers.
• Close to the Manhattan Bridge and Williamsburg Bridge, providing easy connectivity to Brooklyn and Queens.
• Highly walkable neighborhood, surrounded by restaurants, shopping, cultural institutions, and essential services.

Growing Residential & Retail Market:

• Chinatown continues to be one of NYC’s most active rental markets, attracting a mix of professionals, entrepreneurs, and long-term residents.
• Increasing demand for retail and commercial spaces, making this a prime asset for investors seeking steady growth.
• Limited new developments in the area, ensuring consistent appreciation potential.

Highlights:

✔ 5-story mixed-use investment property in Chinatown
✔ $3,200,000 sale price with a strong cap rate and rental income potential
✔ Ground-floor retail storefront with high visibility
✔ Well-connected transit access, steps from multiple subway lines and major thoroughfares
✔ Surrounded by residential and commercial activity, ensuring long-term demand

Conclusion:

146 Henry Street presents an exceptional opportunity for investors seeking a stable, high-demand mixed-use property in a thriving Lower Manhattan neighborhood. With strong rental demand, a prime location, and potential for future appreciation, this property is perfect for buyers looking to expand their portfolio with a well-positioned NYC asset.

Contact us today to schedule a private tour and secure this prime investment opportunity!