Mixed-Use Street-to-Street
For Sale
$4,990,000
30 MARKET ST, New York, NY 10002
Well-maintained mixed-use building combining four residential units and three food-service/commercial spaces in Downtown Manhattan.
Property Size6,070 SF
Price / SF$822.08
Days on Market199
Property Features for 30 MARKET ST
General Information
Standard status
Active
Size
6,070 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$78,602
Amenities
3
Listing Agency:
Key Impact Realty Group Inc
(917) 776-7588
Listed By:
Zhen Hu
(917) 776-7588
Source:
Xome
Added: Feb 6
Changed: Aug 23
Last Checked: Aug 24 at 5:15AM
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 Key Impact Realty Group Inc
Investment Insights
Based on property information with market context.
This well-maintained mixed-use building runs full depth, extending from street to street, with a residential component and a dedicated multi-level commercial setup. The residential portion is currently configured with two residential units that are utilized as four units, with modern interiors featuring open-concept kitchens and living areas and bright, airy layouts.
The commercial component consists of three spaces designed for restaurant and food-service operations. There is a street-level restaurant with visibility and foot traffic, a full lower-level commercial space directly beneath the restaurant that can support storage, prep, or expanded operations, and an additional kitchen area accessible from the rear of the building. Overall, the property offers approximately four levels of usable space from the lower commercial level through the upper residential floors.
Located in Downtown Manhattan, the building is described as being near restaurants, supermarkets, and daily conveniences, with a short walk to the F train. This mix of residential income and flexible, restaurant-oriented commercial space can support users and operators seeking a compact, functional live-work income profile, with the offering described as an approximate 4.5% cap rate.
The commercial component consists of three spaces designed for restaurant and food-service operations. There is a street-level restaurant with visibility and foot traffic, a full lower-level commercial space directly beneath the restaurant that can support storage, prep, or expanded operations, and an additional kitchen area accessible from the rear of the building. Overall, the property offers approximately four levels of usable space from the lower commercial level through the upper residential floors.
Located in Downtown Manhattan, the building is described as being near restaurants, supermarkets, and daily conveniences, with a short walk to the F train. This mix of residential income and flexible, restaurant-oriented commercial space can support users and operators seeking a compact, functional live-work income profile, with the offering described as an approximate 4.5% cap rate.
Key Highlights
- Well‑maintained mixed‑use building in Downtown Manhattan with four residential units and three commercial/food‑service spaces
- Residential portion configured as two residential units currently utilized as four units
- Street‑level restaurant plus full lower‑level commercial space directly beneath for storage, prep, or expansion
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$206,948
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,138,960
$4.1M
Cap Rate 7%
$2,956,400
$3.0M
Cap Rate 9%
$2,299,422
$2.3M
Market Conditions
NOI Build-Up for 6,070 SF
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.
Gross rent
$309.6K $51.00/SF
− Vacancy
−$13.9K −$2.30/SF
EGI
$295.6K $48.71/SF
− OpEx
−$88.7K −$14.61/SF
NOI
$206.9K $34.09/SF
Area
ZIP 10002
Vacancy
4.50%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,138,960
Cap Rate 7%
$2,956,400
Cap Rate 9%
$2,299,422
Alternative Uses
Best Use
Specialty Retail
$15.11M
$13.22M – $17.63M
NOI $1,057,637 @ 7.0% cap · market cap 21.20%
Second Best
Multifamily LT 5
$2.96M
$2.59M – $3.45M
NOI $206,948 @ 7.0% cap · market cap 4.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,151
Businesses Nearby
Explore this area
Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained mixed-use building combining four residential units and three food-service/commercial spaces in Downtown Manhattan.
Where is this mixed-use property located?
The property is located at 30 MARKET ST New York, NY.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Well‑maintained mixed‑use building in Downtown Manhattan with four residential units and three commercial/food‑service spaces; Residential portion configured as two residential units currently utilized as four units; Street‑level restaurant plus full lower‑level commercial space directly beneath for storage, prep, or expansion
