Investment Overview

Marcus & Millichap is the exclusive sales broker for 197 Henry Street, a value-add opportunity between Clinton and Jefferson Streets. The subject property contains four floor-through commercial units with 2,500 square feet of remaining “air rights”. The subject lot measures 25.17 feet by 87.5 feet and is zoned R7-2/C1-5-zoned lot (maximum 3.44 floor area ratio). The property is neither landmarked nor in a historic district. The subject property is two blocks from the East Broadway F-train station. The property is directly across the street from Gouverneur Hospital, which is the largest freestanding ambulatory care center in New York State and serves approximately 50,000 patients a year. 197 Henry Street is a five-minute walk from One Manhattan Square, an 815-unit condominium tower completed in September 2019. The development is expected to bring thousands of new residents into the area.