Mixed-Use Building in Little
For Sale
$6,800,000
119 Mott St, New York, NY 10013
Two contiguous mixed-use buildings with 11 residential units and restaurant.
Property Size9,699 SF
Lot Size0.06 Acres
Days on Market314
Property Features for 119 Mott St
General Information
Standard status
Active
Size
9,699 SF
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$189,443
Building Details
Building Size
9,699 SF
Year Built
1910
Units
11
Listed By:
Sew L. Ang
(646) 639-2110
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 30
Last Checked: Oct 7 at 1:14PM
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 Sew L. Ang
Investment Insights
Based on property information with market context.
This is a walk-up, 5-story corner property consisting of two contiguous buildings. Located in the heart of Little Italy/Chinatown, one building is a 5-story, 8-family mixed-use building, and the other is a 3-story, 3-family mixed-use building. The property features a total of 11 large residential units with a restaurant on the ground floor. The apartment layout includes 3 studios, 4 one-bedroom units, and 4 two-bedroom units. The property also has 5,543 square feet of unused air rights. It is located near public transportation, restaurants, shopping, and municipal buildings.
Key Highlights
- Prime location at the heart of Little Italy/Chinatown.
- Two contiguous mixed‑use buildings with a total of 11 residential units and a restaurant.
- Mix of apartment layouts: 3 Studios, 4 One‑Bedrooms, and 4 Two‑Bedrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$309,156
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,183,120
$6.2M
Cap Rate 7%
$4,416,514
$4.4M
Cap Rate 9%
$3,435,067
$3.4M
Market Conditions
NOI Build-Up for 9,699 SF
Gross rent
$581.9K $60.00/SF
− Vacancy
−$87.3K −$9.00/SF
EGI
$494.6K $51.00/SF
− OpEx
−$185.5K −$19.13/SF
NOI
$309.2K $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%
$6,183,120
Cap Rate 7%
$4,416,514
Cap Rate 9%
$3,435,067
Alternative Uses
Best Use
Specialty Retail
$24.14M
$21.12M – $28.17M
NOI $1,689,954 @ 7.0% cap · market cap 24.85%
Second Best
Retail
$19.50M
$17.06M – $22.75M
NOI $1,364,887 @ 7.0% cap · market cap 20.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two contiguous mixed-use buildings with 11 residential units and restaurant.
Where is this mixed-use property located?
The property is located at 119 Mott St New York, NY.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Prime location at the heart of Little Italy/Chinatown.; Two contiguous mixed‑use buildings with a total of 11 residential units and a restaurant.; Mix of apartment layouts: 3 Studios, 4 One‑Bedrooms, and 4 Two‑Bedrooms.
