Manhattan Multi-Unit Building For
For Sale
$10,000,000
117 Mott St, New York, NY 10013
Multi-unit building in Manhattan's Chinatown/Lower East Side.
Property Size10,600 SF
Days on Market188
Property Features for 117 Mott St
General Information
Standard status
Active
Size
10,600 SF
Property subtype
Commercial
Site & Location
Neighborhood
Little Italy
Taxes and HOA fees
Annual Taxes
$107,173
Building Details
Building Size
10,600 SF
Year Built
1915
Units
13
Listing Agency:
United Real Estate Fortune
Listed By:
Fang Quan He
(646) 338-8518
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 26 at 4:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Fortune
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Investment Insights
Based on property information with market context.
Located in Manhattan’s Chinatown / Lower East Side, 117 Mott Street is a multi-unit building that offers opportunities for investors or owner-occupants. Situated on a tree-lined block, the property provides access to subways, bus lines, neighborhood shops, restaurants, cultural landmarks and parks. The structure allows for a variety of residential unit layouts, including studios, one-bedroom, or two-bedroom conversions, and potential mixed-use possibilities. The building is suited for long-term rental income or renovation and repositioning. The location has a bike score of 94, walk score of 100, and transit score of 100.
Key Highlights
- Prime Manhattan location in Chinatown/Lower East Side.
- Excellent walk, transit, and bike scores (100, 100, 94).**
- Multi‑unit building offering investment or owner‑occupancy potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$337,875
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,757,500
$6.8M
Cap Rate 7%
$4,826,786
$4.8M
Cap Rate 9%
$3,754,167
$3.8M
Market Conditions
NOI Build-Up for 10,600 SF
Gross rent
$636.0K $60.00/SF
− Vacancy
−$95.4K −$9.00/SF
EGI
$540.6K $51.00/SF
− OpEx
−$202.7K −$19.13/SF
NOI
$337.9K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,757,500
Cap Rate 7%
$4,826,786
Cap Rate 9%
$3,754,167
Alternative Uses
Best Use
Mixed Use
$4.83M
$4.22M – $5.63M
NOI $337,875 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$26.38M
$23.09M – $30.78M
NOI $1,846,944 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
30,870
Businesses Nearby
Explore this area
Business Placement
Demographics for 10013, NY
31,042
Population
15,933
Households
1.9
Avg Household Size
36
Median Age
72%
College-Educated
89%
High-School Grad
0.5 sq mi
ZIP Area
62,084
Density / Sq Mi
$159,474
Median Household Income
$92,765
Median Earnings
$2,378
Median Rent
$2,000,001
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-unit building in Manhattan's Chinatown/Lower East Side.
Where is this mixed-use property located?
The property is located at 117 Mott St New York, NY.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Prime Manhattan location in Chinatown/Lower East Side.; Excellent walk, transit, and bike scores (100, 100, 94).**; Multi‑unit building offering investment or owner‑occupancy potential.
