Move-In Ready Medical Office
302-128 Mott St New York, NY 10012
302-128 Mott St, New York, NY, 10012
$950,000
For Sale
$950,000
Commercial condo unit is move-in ready and offered for immediate occupancy in Manhattan’s Mott Street corridor.
Property Size1,197 SF
Price / SF$793.65
Days on Market132
Property Features for 302-128 Mott St
General Information
- Standard status
- Active
- Size
- 1,197 SF
Listing agency
RE/MAX Edge
(718) 612-3088
Listed by
Allan H. Zhu · License #10401257062
(718) 612-3088
Source
Exprealty
Added: Mar 13 Updated: Jul 22 at 8:26AM Checked: Jul 22 at 8:26AM
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.
A prime commercial condo unit at 128 Mott St, suite 302, offering approximately 1,200 SF of move-in ready space with no renovation required. The layout is suited for professional use, with existing improvements intended to support immediate occupancy.
The unit is located in Manhattan within the Little Italy and Chinatown area, on Mott Street. The surrounding mix includes restaurants, retail, and residential buildings, supporting day-to-day foot traffic along a busy commercial corridor.
This offering is presented as a turnkey option for an owner-occupant or buyer seeking a professionally oriented office space with the ability to begin operations right away.
The unit is located in Manhattan within the Little Italy and Chinatown area, on Mott Street. The surrounding mix includes restaurants, retail, and residential buildings, supporting day-to-day foot traffic along a busy commercial corridor.
This offering is presented as a turnkey option for an owner-occupant or buyer seeking a professionally oriented office space with the ability to begin operations right away.
Key Highlights
- Approx. 1,200 SF commercial condo at 128 Mott St #302 in Manhattan (10013)
- Move‑in ready with immediate occupancy available
- Located on Manhattan’s Mott St commercial corridor in Little Italy/Chinatown
Local 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
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Commercial condo unit is move-in ready and offered for immediate occupancy in Manhattan’s Mott Street corridor.
Where is this office units located?
The property is located at 302-128 Mott St 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: Approx. 1,200 SF commercial condo at 128 Mott St #302 in Manhattan (10013); Move‑in ready with immediate occupancy available; Located on Manhattan’s Mott St commercial corridor in Little Italy/Chinatown
