For Sale – 103 Mosco Street, New York, NY 10013
Asking Price: $3,250,000
Price per Unit: ≈$812,500
Cap Rate: 5.12%
Property Type: Multifamily Investment
Asset Type: 2-Star Mid-Rise Apartments
Sale Type: Investment
Location: Chinatown / Lower Manhattan CBD (10013)
Property Overview
103 Mosco Street presents a 4-unit multifamily investment property located in Manhattan’s Chinatown, within the Lower Manhattan CBD. Built as a 4-story walk-up mid-rise, the property totals 2,913 SF with an average floor size of 641 SF. Offered at $3,250,000, the asset provides both immediate cash flow and long-term appreciation potential in one of Manhattan’s most supply-constrained neighborhoods.
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The property features a mix of market-rate and affordable housing, including one rent-controlled unit, offering stable income alongside upside potential as units turn over.
Key Features
- Asking Price: $3,250,000
- Cap Rate: 5.12%
- Units: 4 residential units (1 rent-controlled, 3 market-rate)
- Gross Building Area (GBA): 2,913 SF
- Stories: 4 floors
- Class: C / 2-Star Mid-Rise
- Typical Floor Size: ≈641 SF
- Construction: Traditional masonry
- Units per Acre: ≈200/AC
- Rent Type: Market / Affordable mix
- Affordable Units: 1 rent-controlled unit
Market Profile
- Location Advantage: Positioned in Chinatown, near Columbus Park, the Manhattan Civic Center, and walking distance to City Hall and the Financial District.
- Transit Access: Excellent connectivity via B/D, N/Q/R/W, J/Z, and 6 subway lines, plus multiple bus routes.
- Neighborhood Demand: Strong demand from local and immigrant communities, as well as investors seeking multifamily opportunities in Lower Manhattan.
- Competitive Advantage: Rare rent-controlled unit stability plus market-rate upside in a tightly held Chinatown corridor.
Summary
The 4-unit multifamily property at 103 Mosco Street, New York, NY 10013 is offered at $3,250,000 (~$812,500 per unit) with a 5.12% cap rate. With its mix of market and rent-controlled units, stable income profile, and strategic Chinatown location, this property represents a compelling long-term investment opportunity in Manhattan’s CBD.
