119 Mott St New York, NY 10013

Property Details for 119 Mott St

Year built

1910

Lot size

0.06 lot acres

Property size

9,699 SF

Zone code

C62G

Property type

Retail residential properties

APN

00205-0019

APU

2050019

Description

This exceptional Class A mixed-use building, located at 119 Mott Street in New York City's vibrant Chinatown and Little Italy, presents a compelling value-add investment opportunity. The property boasts a prime corner location, offering unparalleled visibility and accessibility. The 17,500 square foot building comprises two structures, five stories each, built in 1938 and renovated in 1988, sitting on a 2,500 square foot lot. Currently housing 12 units, including a ground-floor restaurant with a full basement and a 4 AM liquor license, the property offers significant upside potential. The restaurant, a long-standing establishment, generates a monthly income of $20,000. The residential units are a mix of free-market, rent-controlled, and rent-stabilized units. The building also benefits from 5,200 square feet of available air rights, allowing for future expansion. With eleven tenants under one-year leases, the property offers a strong foundation for immediate income generation and long-term growth. Its central location provides easy access to public transportation and proximity to affluent neighborhoods like NoLIta, SoHo, Tribeca, and the Lower East Side, ensuring consistent high demand. The asking price is $9,000,000. This is a rare chance to acquire a well-positioned, income-producing asset in one of Manhattan's most dynamic and sought-after locations.

Location Insight

City

New York

County

New York

State

New York

Longitude

-73.9974

Latitude

40.7179

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments