114 Stanton StNew York, NY 10002

  • Mixed-use properties
  • 8,052 SF
For Sale
$4,650,000 View listing

Property Details for 114 Stanton St

Year built
1900
Lot size
0.04 AC
Property size (Sq ft)
8,052 SF
Zone code
C44A
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
00412-0075
APU
4120075

Description

This exceptional mixed-use property at 114 Stanton Street, New York, NY 10002, presents a compelling value-add investment opportunity. The six-story, 8,052-square-foot brick building boasts a prime location between Ludlow and Essex Streets in the vibrant Lower East Side. The property features five residential units and ground-floor retail space currently occupied by a premier retailer with 22 feet of street frontage. One residential unit is available vacant upon closing. Built in 1900 and renovated in 2015, the building is zoned C4-4A and offers a strong occupancy rate of 100%. Its strategic location provides easy access to the Delancey Street subway station (F, M, J, and Z lines), ensuring convenient transportation for residents and customers. The surrounding area offers a wealth of dining, entertainment, and nightlife options, further enhancing the property's appeal and potential for strong rental income. The asking price is $4,650,000, translating to $577.50 per square foot. This presents a rare chance to acquire a well-positioned mixed-use asset in a highly sought-after New York City neighborhood.

114 Stanton St, New York, New York

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7212
Longitude
-73.9872
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$118,481
$85,387
$862,313
$947,700
-
$425,000
$4,292,000
$4,717,000

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