Office
For Sale
$950,000
128 Mott Street, New York, NY 10013
Commercial, New York, NY
Property Size1,197 SF
Lot Size0.32 Acres
Price / SF$793.65
Days on Market233
Property Features for 128 Mott Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C6-2G
Subdivision
China Town
Standard status
Active
Size
1,197 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
11035
Building Details
Year built
1912
Number of units
1
Building materials
Block
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Allan H. Zhu · License #AHZ7089
(718) 612-3088
Added: Mar 13
Changed: Oct 10
Last Checked: Oct 31 at 10:06AM
MLS# 499615
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office condominium contains 1,197 square feet within a 1912-built block construction building. The unit is identified for immediate occupancy, and the available information indicates that no renovation is required before use. C6-2G zoning supports its commercial positioning, while the office format can accommodate professional-service operations described for the property.
The unit is at 128 Mott Street in New York, NY 10013, within Manhattan's Little Italy and Chinatown areas. The surrounding corridor includes restaurants, retail businesses, and residential buildings, providing an established mix of commercial and residential activity. Its location is also described as accessible and supported by pedestrian activity.
The unit is at 128 Mott Street in New York, NY 10013, within Manhattan's Little Italy and Chinatown areas. The surrounding corridor includes restaurants, retail businesses, and residential buildings, providing an established mix of commercial and residential activity. Its location is also described as accessible and supported by pedestrian activity.
Key Highlights
- 1,197‑square‑foot office condominium at 128 Mott Street, New York, NY 10013
- C6‑2G zoning
- 1912 construction with block materials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,481
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,620
$749.6K
Cap Rate 7%
$535,443
$535.4K
Cap Rate 9%
$416,456
$416.5K
Market Conditions
NOI Build-Up for 1,197 SF
Gross rent
$61.6K $51.48/SF
− Vacancy
−$11.6K −$9.73/SF
EGI
$50.0K $41.75/SF
− OpEx
−$12.5K −$10.44/SF
NOI
$37.5K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,620
Cap Rate 7%
$535,443
Cap Rate 9%
$416,456
Alternative Uses
Best Use
Office B
$535.4K
$468.5K – $624.7K
NOI $37,481 @ 7.0% cap · market cap 3.95%
Second Best
Healthcare Medical
$509.7K
$446.0K – $594.7K
NOI $35,680 @ 7.0% cap · market cap 3.76%
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,565 @ 7.0% cap · market cap 21.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
33,012
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office condominium with immediate occupancy and C6-2G zoning in a mixed commercial and residential setting.
Where is this office unit located?
The property is located at 128 Mott Street New York, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,197‑square‑foot office condominium at 128 Mott Street, New York, NY 10013; C6‑2G zoning; 1912 construction with block materials
