Move-In Ready Office Condo
128 Mott St 302 New York, NY 10013
For Sale
$1,050,000
Move-in ready office condo with approximately 1,200 SF and immediate occupancy, positioned for professional service use.
Property Size1,200 SF
Price / SF$875
Days on Market94
Property Features for 128 Mott St 302
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Building Details
Year Built
1912
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Dazhi (Simon) Su
(718) 612-3088
Source:
Elliman
Added: Apr 28
Changed: Jul 21
Last Checked: Jul 29 at 1:36PM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
Prime commercial condo office suite at 128 Mott St #302, offered for sale with approximately 1,200 SF of move-in ready space and no renovation required. Immediate occupancy is available, making it well-suited for professional uses such as medical offices, travel agencies, accounting firms, yoga studios, or other professional services.
Located in Manhattan’s Little Italy and Chinatown, the unit benefits from strong foot traffic and excellent accessibility within a vibrant commercial corridor. The area is surrounded by busy restaurants, retail, and residential buildings. Transit, walking, and biking accessibility are reflected in a 100 WalkScore, 100 TransitScore, and 94 BikeScore.
Located in Manhattan’s Little Italy and Chinatown, the unit benefits from strong foot traffic and excellent accessibility within a vibrant commercial corridor. The area is surrounded by busy restaurants, retail, and residential buildings. Transit, walking, and biking accessibility are reflected in a 100 WalkScore, 100 TransitScore, and 94 BikeScore.
Key Highlights
- Approximately 1,200 SF commercial condo unit at 128 Mott St #302 in New York, NY 10013
- Move‑in ready with no renovation required
- Immediate occupancy available
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.8k | $51.48 |
| − Vacancy | −$11.7k | −$9.73 |
| EGI | $50.1k | $41.75 |
| − OpEx | −$12.5k | −$10.44 |
| NOI | $37.6k | $31.31 |
1,200 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$536.8K
$469.7K – $626.3K
NOI $37,575 @ 7.0% cap · market cap 3.58%
Second Best
Healthcare Medical
$511.0K
$447.1K – $596.2K
NOI $35,770 @ 7.0% cap · market cap 3.41%
Theoretical Best
Specialty Retail
$2.99M
$2.61M – $3.48M
NOI $209,088 @ 7.0% cap · market cap 19.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office condo with approximately 1,200 SF and immediate occupancy, positioned for professional service use.
Where is this office units located?
The property is located at 128 Mott St 302 New York, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Approximately 1,200 SF commercial condo unit at 128 Mott St #302 in New York, NY 10013; Move‑in ready with no renovation required; Immediate occupancy available
