Seven-Story Mixed-Use
For Sale
$11,000,000
91 Baxter Street New York, Manhattan, NY 10013
Commercial Sale, New York (Manhattan), NY
Property Size5,000 SF
Lot Size0.12 Acres
Price / SF$2,200
Days on Market258
Property Features for 91 Baxter Street New York
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C6-1
Rooms
Basement
Basement
Full
Standard status
Active
APN
0199-0007
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
219354
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1880
Number of units
46
Building materials
Brick
Listing Agency:
Sany Realty Group LLC
(718) 799-0726
Listed By:
Wanping Liu
(347) 925-9926
Added: Feb 8
Changed: Oct 5
Last Checked: Oct 24 at 4:06PM
MLS# 959685
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Constructed in 1880, this seven-story brick mixed-use building includes a 5,000-square-foot retail area on the first floor and 44 residential units above. The retail floor can be configured as two separate stores, providing flexibility within the commercial portion of the property. Electric heating and cooling serve the building, with electricity available and public water and sewer.
The property occupies 0.1159 acres in Chinatown at 91 Baxter Street, adjacent to Canal Street and Mott Street. C6-1 zoning supports its mixed-use classification. A basement is also included in the building configuration.
The property occupies 0.1159 acres in Chinatown at 91 Baxter Street, adjacent to Canal Street and Mott Street. C6-1 zoning supports its mixed-use classification. A basement is also included in the building configuration.
Key Highlights
- 5,000 square feet of first‑floor retail space that can be divided into 2 stores
- Seven‑story brick building constructed in 1880
- 44 residential units above the retail component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$703,623
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,072,460
$14.1M
Cap Rate 7%
$10,051,757
$10.1M
Cap Rate 9%
$7,818,033
$7.8M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$1.18M $235.68/SF
− Vacancy
−$173.2K −$34.64/SF
EGI
$1.01M $201.04/SF
− OpEx
−$301.6K −$60.31/SF
NOI
$703.6K $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,072,460
Cap Rate 7%
$10,051,757
Cap Rate 9%
$7,818,033
Alternative Uses
Best Use
Retail
$10.05M
$8.80M – $11.73M
NOI $703,623 @ 7.0% cap · market cap 6.40%
Second Best
Mixed Use
$2.28M
$1.99M – $2.66M
NOI $159,375 @ 7.0% cap · market cap 1.45%
Theoretical Best
Specialty Retail
$12.45M
$10.89M – $14.52M
NOI $871,200 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
44
Residential units
Location Intelligence
Trade Area within ½ mile
36,609
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick building combines first-floor retail with upper-level residential units.
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: 5,000 square feet of first‑floor retail space that can be divided into 2 stores; Seven‑story brick building constructed in 1880; 44 residential units above the retail component
