57 Stone StNew York, NY 10004

Property Details for 57 Stone St

Property size (Sq ft)

5,800 SF

Property type

Office properties

Property subtype

Other retail properties

Description

This exceptional mixed-use property at 57 Stone Street in New York, NY 10004, presents a compelling investment opportunity. The 5,800 square foot building, classified as Class B, boasts a 100% occupancy rate and commands a compelling asking price of $1,000,000, translating to $172.41 per square foot. The property features three stories above grade, situated on a 1,450 square foot lot, and is zoned C5-5, LM. The building's dimensions are approximately 16 feet by 79 feet, with an impressive 44-foot roof height. Originally constructed in 1839, the building has undergone extensive renovations. Significant improvements include a complete gut remodel in 2001/2002 encompassing electrical, plumbing, HVAC systems, and new storefronts. Further renovations in 2008, 2010/2011, 2014/2015, and 2022/2023 addressed various aspects, including additional roof work, facade improvements, and window replacements on the second and third floors. The property's strong performance is reflected in its attractive 6.08% cap rate. This is a rare chance to acquire a well-maintained, historically significant, and highly profitable mixed-use asset in a prime New York City location. The building includes office and retail space.

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7045

Longitude

-74.0102

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