Mixed-Use Property with
For Sale
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140 Mulberry St, New York, NY 10013
Historic Manhattan property with street-level commercial presence and mixed-use positioning.
Property Size9,097 SF
Price / SF$1,648
Days on Market200
Property Features for 140 Mulberry St
General Information
Standard status
Active
Size
9,097 SF
Property subtype
Mixed Use
Zoning
C6-2G
Building Details
Year Built
1900
Buildings
1
Stories
5
Units
10
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Matthew Fotis · License #10301207136
(212) 430-5234
Source:
Crexi
Added: Apr 1
Changed: Oct 6
Last Checked: Oct 16 at 8:01AM
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 Marcus & Millichap - Manhattan
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Investment Insights
Based on property information with market context.
This mixed-use property contains 9,097 square feet and dates to 1900. The building carries C6-2G zoning, supporting its classification within Manhattan’s mixed-use commercial setting.
The property is located at 140 Mulberry Street in New York, between Grand Street and Hester Street, within the Little Italy neighborhood. Its storefront component and mixed-use configuration provide a combination of commercial and broader property functionality.
The property is located at 140 Mulberry Street in New York, between Grand Street and Hester Street, within the Little Italy neighborhood. Its storefront component and mixed-use configuration provide a combination of commercial and broader property functionality.
Key Highlights
- 9,097‑square‑foot mixed‑use property
- C6‑2G zoning
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,280,171
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,603,420
$25.6M
Cap Rate 7%
$18,288,157
$18.3M
Cap Rate 9%
$14,224,122
$14.2M
Market Conditions
NOI Build-Up for 9,097 SF
Gross rent
$2.14M $235.68/SF
− Vacancy
−$315.2K −$34.64/SF
EGI
$1.83M $201.04/SF
− OpEx
−$548.6K −$60.31/SF
NOI
$1.28M $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,603,420
Cap Rate 7%
$18,288,157
Cap Rate 9%
$14,224,122
Alternative Uses
Best Use
Retail
$18.29M
$16.00M – $21.34M
NOI $1,280,171 @ 7.0% cap · market cap 8.54%
Second Best
Mixed Use
$4.14M
$3.62M – $4.83M
NOI $289,967 @ 7.0% cap · market cap 1.93%
Theoretical Best
Specialty Retail
$22.64M
$19.81M – $26.42M
NOI $1,585,061 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
33,012
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic Manhattan property with street-level commercial presence and mixed-use positioning.
Where is this mixed-use property located?
The property is located at 140 Mulberry St New York, NY.
What is the asking price?
The asking price for this property is $14,995,000.
What are key features of this property?
This property features: 9,097‑square‑foot mixed‑use property; C6‑2G zoning; Built in 1900
