Move-In Ready Medical Office
For Sale
$950,000
302-128 Mott St, New York, NY 10012
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 Market233
Property Features for 302-128 Mott St
General Information
Standard status
Active
Size
1,197 SF
Site & Location
Neighborhood
Nolita
Taxes and HOA fees
Annual Taxes
$11,035
Listing Agency:
RE/MAX Edge
Listed By:
Allan H. Zhu · License #AHZ7089
(718) 612-3088
Source:
Exprealty
Added: Mar 13
Changed: Oct 25
Last Checked: Oct 30 at 4:14PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 10012, NY
23,125
Population
14,568
Households
1.6
Avg Household Size
35
Median Age
83%
College-Educated
96%
High-School Grad
0.3 sq mi
ZIP Area
77,083
Density / Sq Mi
$130,938
Median Household Income
$88,301
Median Earnings
$2,731
Median Rent
$1,500,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial condo unit is move-in ready and offered for immediate occupancy in Manhattan’s Mott Street corridor.
Where is this office unit 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
