Multi-family

Prime Investment Opportunity in Chinatown – 20-24 Mulberry Street

Address: 20-24 Mulberry Street, New York, NY, 10013
Price: $15,000,000 ($782.64/SF)
Sale Type: Investment
Type: 2-Star Retail Storefront / Retail & Residential
Location: Central Business District (CBD)
Gross Leasable Area (GLA): 19,166 SF
Stories: 4
Typical Floor Size: 4,791 SF
Building Class: C
Construction: Masonry
Market Segment: Mixed-Use, Retail, Residential, Investment

Property Overview:

Located in the heart of Chinatown, 20-24 Mulberry Street presents a lucrative mixed-use investment opportunity with a combination of ground-floor retail storefronts and upper-floor residential units. With a strong retail presence, high foot traffic, and a growing residential demand, this property offers investors an excellent value-add opportunity in a vibrant neighborhood.

Key Features:

Prime Chinatown Location:

✔ Situated in one of Manhattan’s busiest commercial and residential districts, ensuring steady demand for both retail and residential spaces.
✔ Steps from Canal Street, Little Italy, and the Lower East Side, drawing in tourists, shoppers, and local residents.
✔ Surrounded by restaurants, specialty retailers, and cultural institutions, creating a thriving business environment.

Strong Mixed-Use Investment Potential:

✔ 19,166 SF of mixed-use space, featuring retail storefronts on the ground floor and residential units above.
✔ 4-story building with a well-balanced layout to maximize rental income.
✔ High demand for rental housing and commercial space in Chinatown, offering long-term value appreciation.

Excellent Transit Access:

✔ Close to major subway lines (J, Z, N, Q, R, W, 6 at Canal Street), ensuring easy accessibility.
✔ Well-connected by bus routes and pedestrian-friendly streets, increasing tenant and customer convenience.

Highlights:

✔ Prime investment property in the heart of Chinatown
✔ $15,000,000 asking price for 19,166 SF of retail and residential space
✔ High foot traffic and visibility in a well-established commercial district
✔ Strong rental demand from both retail and residential tenants
✔ Long-term growth potential in a thriving mixed-use market

Conclusion:

20-24 Mulberry Street presents a unique investment opportunity in one of New York City’s most culturally rich and economically active neighborhoods. With its prime location, mixed-use income potential, and long-term value growth, this property is ideal for investors looking to secure a stable and appreciating asset in Chinatown.

Contact us today to schedule a private tour and explore this exceptional investment opportunity!