Mixed-Use

195 Henry St

195 Henry St, New York, NY 10002

Listing Price: $4,995,000

Cap Rate
3.25%
Number of Units
18
Occupancy
100.0%
Price/Unit
$277,500
Price/Gross SF
$545.84
Gross SF
9,151

Investment Overview

Marcus & Millichap is the exclusive sales broker for 195 Henry Street, a mixed-use building between Clinton and Jefferson Streets. The subject property contains sixteen one-bedroom rent stabilized apartments and two stores. Both stores are vacant and are currently used as storage space. The subject property measures 25 feet by 72 feet totaling approximately 9,151 square feet and sits on a 25 x 87.5 foot R7-2/C1-5-zoned lot (maximum 3.44 floor area ratio). The building is neither landmarked nor in a historic district. The subject property is two blocks from the East Broadway F-train station. The subject property 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. 195 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.

Investment Highlights

  • Sixteen Apartments & Two Stores
  • Vacant Commercial Spaces
  • 100% Rent Stabilized Units
  • Near F, M, J, & Z Trains
  • Located One Block from East Broadway in the Heart of the Lower East Side

Exclusively Listed By

Listing Price: $4,995,000

Cap Rate
3.25%
Number of Units
18
Occupancy
100.0%
Price/Unit
$277,500
Price/Gross SF
$545.84
Gross SF
9,151

Investment Highlights

  • Sixteen Apartments & Two Stores
  • Vacant Commercial Spaces
  • 100% Rent Stabilized Units
  • Near F, M, J, & Z Trains
  • Located One Block from East Broadway in the Heart of the Lower East Side

Investment Overview

Marcus & Millichap is the exclusive sales broker for 195 Henry Street, a mixed-use building between Clinton and Jefferson Streets. The subject property contains sixteen one-bedroom rent stabilized apartments and two stores. Both stores are vacant and are currently used as storage space. The subject property measures 25 feet by 72 feet totaling approximately 9,151 square feet and sits on a 25 x 87.5 foot R7-2/C1-5-zoned lot (maximum 3.44 floor area ratio). The building is neither landmarked nor in a historic district. The subject property is two blocks from the East Broadway F-train station. The subject property 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. 195 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.

Exclusively Listed By

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