Manhattan Commercial Condo For
128 Mott Street New York, NY 10013
For Sale
$950,000
COMMERCIAL - New York, NY
Property Size1,197 SF
Lot Size0.32 Acres
Price / SF$793.65
Days on Market140
Property Features for 128 Mott Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C6-2G
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
(718) 612-3088
Listed By:
Allan H. Zhu · License #AHZ7089
(718) 612-3088
Added: Mar 13
Changed: May 29
Last Checked: Jul 30 at 12:06AM
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.
Investment Insights
Based on property information with market context.
Located at 128 Mott St #302, New York, NY 10013, this commercial condo is situated in the heart of Manhattan's Little Italy and Chinatown. The unit offers approximately 1,200 SF of space with strong foot traffic and excellent accessibility within a vibrant commercial corridor. The space is move-in ready, requiring no renovation. It is suitable for various professional services, including medical offices, travel agencies, accounting firms, and yoga studios. The property is surrounded by busy restaurants, retail establishments, and residential buildings, providing great exposure and a steady flow of potential customers. Immediate occupancy is available. The lot size is 0.3215 acres. The zoning is C6-2G.
Key Highlights
- Prime location in the heart of Little Italy and Chinatown, Manhattan.
- Move‑in ready condition with no renovation required.
- Approximately 1,200 SF of commercial space.
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 | $61.6k | $51.48 |
| − Vacancy | −$11.6k | −$9.73 |
| EGI | $50.0k | $41.75 |
| − OpEx | −$12.5k | −$10.44 |
| NOI | $37.5k | $31.31 |
1,197 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$535.4K
$468.5K – $624.7K
NOI $37,481 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Prime commercial condo in Little Italy/Chinatown, move-in ready.
Where is this office units 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: Prime location in the heart of Little Italy and Chinatown, Manhattan.; Move‑in ready condition with no renovation required.; Approximately 1,200 SF of commercial space.
