Skip to main content

Mixed-Use

191 Henry Street

191 Henry St, New York, NY 10002

Listing Price: $7,250,000

Cap Rate
4.75%
Number of Units
24
Occupancy
100.0%
Price/Unit
$302,083
Price/Gross SF
$739.04
Gross SF
9,810

Investment Overview

Marcus & Millichap is the exclusive sales broker for 191 Henry Street, a mixed-use building between Clinton and Jefferson Streets. The subject property contains 22 one-bedroom apartments and two stores. One store is rented to a gallery and the other is currently vacant. The subject property measures 25 feet by 74 feet totaling approximately 9,810 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 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. 191 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

  • Mixed-Use Building
  • Lower East Side
  • Two Blocks from East Broadway Subway Station
  • Stable, Long-Term Asset with Upside in Vacant Units

Exclusively Listed By

Listing Price: $7,250,000

Cap Rate
4.75%
Number of Units
24
Occupancy
100.0%
Price/Unit
$302,083
Price/Gross SF
$739.04
Gross SF
9,810

Investment Highlights

  • Mixed-Use Building
  • Lower East Side
  • Two Blocks from East Broadway Subway Station
  • Stable, Long-Term Asset with Upside in Vacant Units

Investment Overview

Marcus & Millichap is the exclusive sales broker for 191 Henry Street, a mixed-use building between Clinton and Jefferson Streets. The subject property contains 22 one-bedroom apartments and two stores. One store is rented to a gallery and the other is currently vacant. The subject property measures 25 feet by 74 feet totaling approximately 9,810 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 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. 191 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

MM Texture Background
MM Textured Background Lower