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    Mixed-Use Retail and Residential Building Title is generated by Realmo AI

    91 Baxter Street New York, Manhattan, NY 10013

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    For Sale
    $11,000,000

    Seven-story building with first-floor retail that can be split into two stores, alongside 44 residential units.

    Type:Multi Family
    Property size:
    5,000 SF
    Price / SF:
    $2,200/SF
    Added:
    Feb 8, 2026
    Days on Market:
    140
    Last Refresh:
    Jun 27 at 4:52 am

    Property Features for 91 Baxter Street New York

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    1880

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    Wanping Liu

    Listing office Sany Realty Group LLC

    Listing date Feb 8, 2026

    Source Resortrealtycatskills

    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 Sany Realty Group LLC

    HighLights

    • 1880‑built 7‑story mixed‑use building with first‑floor retail plus 44 residential units
    • First‑floor retail totals 5,000 SF and can be divided into 2 separate stores
    • Located on a busy street in Chinatown, next to Canal St. and Mott St.
    • Retail space on the first floor supports a flexible tenant layout with split storefronts

    Overview

    The property is a seven-story mixed-use building featuring ground-floor retail space and residential units above. The first-floor storefront is approximately 5,000 square feet and is described as divisible into two separate retail stores, providing flexibility for multiple tenants or a tailored tenant layout. The residential portion totals 44 units across the upper floors.

    The building is located on a busy street in Chinatown. Public remarks also note proximity to Canal St. and Mott St., supporting strong day-to-day foot-traffic visibility associated with the area.

    For retail tenants, the ability to divide the storefront allows for different product concepts or smaller footprints within the same asset. For buyers and operators, the combination of street-level retail and apartment units can support a diversified on-site operating platform, with retail and residential spaces functioning under one ownership structure.

    Local Financial Insights For Retail

    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 $1.18M $235.68
    − Vacancy −$173.2k −$34.64
    EGI $1.01M $201.04
    − OpEx −$301.6k −$60.31
    NOI $703.6k $140.72
    5,000 SF · lease $235.68/SF/yr · vacancy 14.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $10.05M
    $8.80M – $11.73M (±1% cap)
    NOI $703,623 @ 7.0% cap · market cap 6.40%
    Second Best
    Apartment 5plus
    $2.23M
    $1.96M – $2.61M (±1% cap)
    NOI $156,437 @ 7.0% cap · market cap 1.42%
    Theoretical Best
    Specialty Retail
    $12.45M
    $10.89M – $14.52M (±1% cap)
    NOI $871,200 @ 7.0% cap · market cap 7.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Dr. Aaron M. ... Physician La Diáspora Bar ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    New York
    State
    New York
    Longitude
    -73.999434
    Latitude
    40.716865

    FAQs

    What type of property is this?
    Apartment building - Seven-story building with first-floor retail that can be split into two stores, alongside 44 residential units.
    Where is this apartment building located?
    The property is located at 91 Baxter Street New York Manhattan, NY.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: 1880‑built 7‑story mixed‑use building with first‑floor retail plus 44 residential units; First‑floor retail totals 5,000 SF and can be divided into 2 separate stores; Located on a busy street in Chinatown, next to Canal St. and Mott St.
    More about this property
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