133 Mulberry StNew York, NY 10013

Property Details for 133 Mulberry St

Year built

1920

Lot size

0.17 AC

Property size (Sq ft)

12,208 SF

Zone code

C62G

Property type

Retail properties

Property subtype

Retail space

APN

00236-1201

APU

2361201

Description

This exceptional retail condominium, located at 133 Mulberry Street in the heart of New York City's Little Italy, presents a lucrative investment opportunity. The 11,880-square-foot space is ideally situated on the ground and lower levels of an 18-unit residential building, boasting 75 feet of prominent Mulberry Street frontage. The property is currently fully leased to three distinct tenants with staggered lease expirations ranging from 2028 to 2035, ensuring a stable income stream. The ground floor encompasses 6,130 square feet, while the lower level offers an additional 5,750 square feet of space. The tenant mix includes a gift shop (3,250 sq ft), an Osteria (4,130 sq ft), and a separate tenant occupying 4,500 sq ft in the lower level. This high-visibility location, combined with the long-term leases and substantial square footage, makes this a truly remarkable investment in one of Manhattan's most vibrant neighborhoods. The asking price is $7,950,000, translating to $669.19 per square foot. This property offers a unique blend of established tenancy and prime location, promising strong returns for the discerning investor. The property is located in New York County, NY, zip code 10013.

• CAP approach

  CAP return

  Valuation

  6%

  $2,966,970

  6.5%

  $2,738,742

  7%

  $2,543,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,019,645

  Geo Method

  $4,019,645

• Alternative Use

  Use

  Valuation

  Residential

  $2,310,231

  Hospitality

  $2,116,159

  Educational

  $1,760,620

  Medical

  $1,821,170

  Retail

  $2,738,742

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7186

Longitude

-73.9979

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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