192 Orchard StNew York, NY 10002

Property Details for 192 Orchard St

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

7,962 SF

Zone code

C44A

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

00412-0011

APU

4120011

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,632,282

  6.5%

  $1,506,722

  7%

  $1,399,099

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,612,488

  Geo Method

  $1,612,488

• Alternative Use

  Use

  Valuation

  Residential

  $1,506,722

  Hospitality

  $1,380,149

  Educational

  $1,148,268

  Medical

  $1,187,758

  Retail

  $1,786,194

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7221

Longitude

-73.9879

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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