Description
The Forray Team at The Corcoran Group is pleased to present 66 Mulberry St/85-91 Bayard St. A remarkable well-maintained prewar corner mixed-use building in heart of vibrant Chinatown, Lower/Downtown Manhattan. The property features six (6) diverse commercial retail tenants with uses ranging from restaurant, bakery, ice cream, tea, and more along with thirty-one (31) rent-stabilized residential units above. Offering strong rental income and phenomenal location rich in history/tradition & culture, its perfect for new ownership/investor looking for an exceptional investment and significant value to their existing portfolio with its projected cap rate close to 7%.
This exclusive opportunity presents a rare chance for the ownership of an existing corner mixed-use brick/masonry property (C7 Building Class) built on a colossal 50.58 X 100 Lot providing incredible frontage on both streets. The existing five (5) story building boast approx. 22,000SF of commercial and residential space. Within C6-1 zoning, an additional +/-7,601SF can be expanded upon the property, offering a maximum usable FAR of 29,616! Does not reflect any upcoming zoning changes due to House of Yes Approval
In the bustling core of Chinatown, 66 Mulberry
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Property Details
- Commercial
Amenities
- Cooling: Other
- Pets: Unit No
- View: Other
