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Mixed-Use

9 Monroe Street

9 Monroe St, New York, NY 10002

Listing Price: $3,500,000

Cap Rate
4.45%
Number of Units
19
Occupancy
100.0%
Price/Unit
$184,211
Price/Gross SF
$347.05
Gross SF
10,085

Investment Overview

Marcus & Millichap is the exclusive sales broker for 9 Monroe Street (the “Property”), a mixed-use walk-up building between Catherine and Market Streets in the Two Bridges section of Chinatown.

The Property is comprised of one large commercial space and eighteen rent-stabilized apartments. The commercial space is approximately 2,000 square feet and is being rented on a month-to-month basis. There are also two storage spaces on the ground floor.

The Property is built 25 feet by 94 feet on a 25-foot by 101-foot R7-2-zoned lot with no remaining development rights.

The Property is located in the Two Bridges neighborhood, one of lower Manhattan’s last frontiers. It is in close proximity to the heart of Chinatown, the East River Greenway and the FDR Drive.

Investment Highlights

  • Mixed-Use Walk-Up Building?
  • 18 Apartments & 1 Retail Space
  • Two Bridges Neighborhood
  • Near FDR Drive & Chinatown

Exclusively Listed By

Financing By

Mixed-Use

9 Monroe Street

Listing Price: $3,500,000

Cap Rate
4.45%
Number of Units
19
Occupancy
100.0%
Price/Unit
$184,211
Price/Gross SF
$347.05
Gross SF
10,085

Investment Highlights

  • Mixed-Use Walk-Up Building?
  • 18 Apartments & 1 Retail Space
  • Two Bridges Neighborhood
  • Near FDR Drive & Chinatown

Investment Overview

Marcus & Millichap is the exclusive sales broker for 9 Monroe Street (the “Property”), a mixed-use walk-up building between Catherine and Market Streets in the Two Bridges section of Chinatown. The Property is comprised of one large commercial space and eighteen rent-stabilized apartments. The commercial space is approximately 2,000 square feet and is being rented on a month-to-month basis. There are also two storage spaces on the ground floor. The Property is built 25 feet by 94 feet on a 25-foot by 101-foot R7-2-zoned lot with no remaining development rights. The Property is located in the Two Bridges neighborhood, one of lower Manhattan’s last frontiers. It is in close proximity to the heart of Chinatown, the East River Greenway and the FDR Drive.

Exclusively Listed By

Financing By

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