Mixed-Use Building with Ground-Floor
For Sale
$11,000,000
91 Baxter Street New York, Manhattan, NY 10013
Seven-story Chinatown property combines residential apartments with street-level commercial space.
Property Size27,528 SF
Price / SF$399.59
Days on Market258
Property Features for 91 Baxter Street New York
General Information
Standard status
Active
Size
27,528 SF
Property subtype
Commercial
Zoning
C6-1
Additional Details
Floor
1
Multifamily Units
44
Taxes and HOA fees
Annual Taxes
$219,353
Building Details
Building Size
27,528 SF
Year Built
1880
Buildings
2
Stories
7
Units
46
Listing Agency:
Sany Realty Group LLC
(718) 799-0726
Listed By:
Wanping Liu
(347) 925-9926
Source:
Croninreale
Added: Feb 8
Changed: Oct 23
Last Checked: Oct 23 at 3:44PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This seven-story mixed-use property contains 44 residential units and approximately 5,000 square feet of retail space on the first floor. The retail area can be configured as one store or divided into two. The building dates to 1880, and the property is zoned C6-1.
Located in Chinatown, the property fronts a busy street and is next to Canal Street and Mott Street.
Located in Chinatown, the property fronts a busy street and is next to Canal Street and Mott Street.
Key Highlights
- 44 residential units across a seven‑story building
- Approximately 5,000 square feet of first‑floor retail, divisible into two stores
- C6‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$877,455
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,549,100
$17.5M
Cap Rate 7%
$12,535,071
$12.5M
Cap Rate 9%
$9,749,500
$9.7M
Market Conditions
NOI Build-Up for 27,528 SF
Gross rent
$1.65M $60.00/SF
− Vacancy
−$247.8K −$9.00/SF
EGI
$1.40M $51.00/SF
− OpEx
−$526.5K −$19.13/SF
NOI
$877.5K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,549,100
Cap Rate 7%
$12,535,071
Cap Rate 9%
$9,749,500
Alternative Uses
Best Use
Retail
$55.34M
$48.42M – $64.56M
NOI $3,873,865 @ 7.0% cap · market cap 35.22%
Second Best
Mixed Use
$12.54M
$10.97M – $14.62M
NOI $877,455 @ 7.0% cap · market cap 7.98%
Theoretical Best
Specialty Retail
$68.52M
$59.96M – $79.94M
NOI $4,796,479 @ 7.0% cap · market cap 43.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
44
Residential units
Location Intelligence
Trade Area within ½ mile
36,609
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven-story Chinatown property combines residential apartments with street-level commercial space.
Where is this mixed-use property 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: 44 residential units across a seven‑story building; Approximately 5,000 square feet of first‑floor retail, divisible into two stores; C6‑1 zoning
