192 Orchard StNew York, NY 10002

This exceptional mixed-use property at 192 Orchard Street in New York City's vibrant Lower East Side presents a compelling investment opportunity. The Class B building boasts 7,962 square feet and features a blend of residential and commercial space. The multi-tenant structure includes 14 units: 12 residential apartments and 2 commercial units, currently occupied. The property generates a substantial Net Operating Income (NOI) of $369,990, resulting in an attractive 3.89% capitalization rate. The asking price is $9,500,000, translating to $1,193.17 per square foot. Located on a heavily trafficked section of Orchard Street, near the corner of East Houston Street, this building benefits from the area's bustling atmosphere, known for its diverse restaurants, bars, and shops, and a vibrant nightlife. The property also includes 788 square feet of available air rights, offering potential for future expansion. Financial details and a property flyer are available upon request. This is a rare chance to acquire a well-performing asset in a prime Lower East Side location.