PropertyChinatown (United States)

Price :

$2,095,000

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

bedrooms6 bathrooms3

Brown Harris Stevens has been retained on an exclusive basis to market for sale 103 Mosco Street, a 4-story, 3-unit mixed-use building with retail. Located in the heart of downtown Manhattan's Chinatown district, 103 Mosco Street sits on a 1-block street between Mulberry and Mott, with views spanning to Freedom Tower across from Columbus Park. The property, built in 1899, is currently comprised of 3-residential apartments and one retail space based on the ground floor with basement. Units 2 and 3 are both currently vacant, while the retail space and unit 4 are currently occupied. Current comparable residential lease data indicates a projected potential CAP rate of 8.77 percent with capital improvements and renovations, while a fully occupied, as-is rent roll shows a potential CAP rate of 4.84 percent, making this an ideal investment ripe with endless opportunity. The building dimensions (approximate) are 19.25 ft x 43.5 ft, with a square footage of roughly 2,913 SF. Lot dimensions are approximately 19.33 ft x 54.83 ft. Zoning is currently C6-1 and offers a FAR of 2.75. Mosco Street was formally known as Cross Street until 1982 after local community activist Frank Mosco. Prior to Cross Street, the street was named Park Street. Mosco Street has retained much of its original charm and unique flair, adding to downtown Manhattan's fascinating history and topography. Disclosure : Floor plans exhibit current dimensions and layouts. Offering memorandum and financials upon request. Building being sold 'As-is.'