Medical Office Condo
128 Mott Street #302 New York New York, NY 10013
For Sale
$1,050,000
Move-in ready office condo offers immediate occupancy and is suited for professional uses in Manhattan.
Property Size1,200 SF
Price / SF$875
Days on Market130
Property Features for 128 Mott Street #302 New York
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Commercial
Listing Agency:
RE/MAX Edge
(718) 288-3835
Listed By:
Dazhi Su
(718) 288-3835
Source:
Cohenandcohenrealty
Added: Mar 16
Changed: Jul 22
Last Checked: Jul 23 at 7:17AM
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.
This medical office condo unit is positioned for professional operations with immediate occupancy available. The offering is described as move-in ready, with no renovation required, providing a straightforward option for an owner-operator or incoming tenant.
Located at 128 Mott Street, #302 in Manhattan, the unit is set in a busy commercial corridor. The area is characterized by surrounding restaurants, retail, and residential buildings.
The property is presented as an approximately 1,200 SF space within the commercial condo building, with accessibility and foot traffic cited in the marketing remarks.
Located at 128 Mott Street, #302 in Manhattan, the unit is set in a busy commercial corridor. The area is characterized by surrounding restaurants, retail, and residential buildings.
The property is presented as an approximately 1,200 SF space within the commercial condo building, with accessibility and foot traffic cited in the marketing remarks.
Key Highlights
- Commercial condo office at 128 Mott St #302 in Manhattan’s Little Italy/Chinatown area
- Approximately 1,200 SF unit suitable for a range of professional uses
- Move‑in ready with no renovation required
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Eye Care For Animals NYC — 146 Reade St, New York, NY 10013
- VetClinic New York — 12 Pike St, New York, NY 10002
- Biscuits & Bath - Battery Park — 327 S End Ave, New York, NY 10280
- URvet Care Tribeca — 200 Chambers St, New York, NY 10007
- Seaport Animal Hospital — 80 Beekman St, New York, NY 10038
FAQs
What type of property is this?
Medical Office Space - Move-in ready office condo offers immediate occupancy and is suited for professional uses in Manhattan.
Where is this medical office space located?
The property is located at 128 Mott Street #302 New York 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: Commercial condo office at 128 Mott St #302 in Manhattan’s Little Italy/Chinatown area; Approximately 1,200 SF unit suitable for a range of professional uses; Move‑in ready with no renovation required
