192 Orch St New York, NY 10002-1410
- Retail residential properties
- 7,962 SF
- 0.05 lot acres
Current Use by Public Records
- Le Noble studios / Hair Salon
- Smoke Land / Tobacco Shop
Property Details for 192 Orch St
- Year built
- 1900
- Lot size
- 0.05 lot acres
- Property size
- 7,962 SF
- Zone code
- C44A
- Property type
- Retail residential properties
- APN
- 00412-0011
- APU
- 4120011
Description
This exceptional mixed-use property at 192 Orchard Street in New York City's vibrant Lower East Side presents a compelling investment opportunity. The Class B building boasts 7,962 square feet and features a blend of residential and commercial space. The multi-tenant structure includes 14 units: 12 residential apartments and 2 commercial units, currently occupied. The property generates a substantial Net Operating Income (NOI) of $369,990, resulting in an attractive 3.89% capitalization rate. The asking price is $9,500,000, translating to $1,193.17 per square foot. Located on a heavily trafficked section of Orchard Street, near the corner of East Houston Street, this building benefits from the area's bustling atmosphere, known for its diverse restaurants, bars, and shops, and a vibrant nightlife. The property also includes 788 square feet of available air rights, offering potential for future expansion. Financial details and a property flyer are available upon request. This is a rare chance to acquire a well-performing asset in a prime Lower East Side location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $285,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $177,000
Market price range: $177k - $381k
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Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9879
- Latitude
- 40.7221
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
