|
Prime mixed-use investment opportunity in the heart of Downtown Manhattan! This well-maintained, full-depth building extends from street to street, offering exceptional functionality, strong presence, and multiple income streams. The property is configured with two residential units currently utilized as four units, plus three commercial spaces, creating a diverse and stable income-producing asset. The residential portion features modern, thoughtfully designed interiors with open-concept kitchens and living areas, attractive finishes, and bright, airy layouts that appeal strongly to young professionals and urban tenants. These well-maintained units contribute reliable rental income and long-term tenant appeal. The commercial component adds significant value and versatility, consisting of a street-level restaurant with excellent visibility and foot traffic, a full lower-level commercial space directly beneath the restaurant ideal for storage, prep, or expanded operations, and an additional kitchen area accessible from the rear of the building. This multi-level commercial configuration provides flexibility for restaurant operators, food service businesses, or other commercial users, and enhances the overall income potential. With approximately four levels of usable space from the lower commercial level through the upper residential floors, this property maximizes both functionality and revenue generation. Ideally located just moments from restaurants, supermarkets, and daily conveniences, and only a short walk to the F train, the building benefits from steady foot traffic and strong tenant demand. Offering stable income and an approximate 4. 5% cap rate, this is an outstanding opportunity for investors seeking a well-located, income-producing mixed-use asset with long-term upside in one of Manhattan’s most vibrant and established neighborhoods.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$4,990,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,992,000 | $3,992,000 | $3,992,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.259% | 6.058% |
| Monthly Tax Payment | $6,550 | $6,550 | $6,550 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $22,354 | $24,256 | $33,418 |
| Total Monthly Payment | $29,029 | $30,931 | $40,093 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.