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103 Mosco St 3 Unit Apartment Building $4,536,740 CAD ($1,512,247 CAD/Unit) 5.12% Cap Rate New York, NY 10013



EXECUTIVE SUMMARY
Cushman & Wakefield (“C&W”) has been exclusively retained to arrange the sale of 103 Mosco Street, located in Chinatown between Mulberry and Mott Streets. This mixed-use
property features three residential units and one ground-floor commercial space. Two of the residential units underwent full gut renovations in 2025 and now feature high-end finishes, each configured as 3-bedroom, 2-bathroom apartments. Unit 1 has a larger terrace above the rear of the commercial space. The other two units have private roof top terraces. The third unit is rent-controlled, presenting significant upside potential upon vacancy, as it currently generates approximately $60,000 less in annual revenue than the free-market units. All apartments have washer/dryer in unit. The ground-floor retail space is leased to a well-established local business with 4.5 years remaining on the lease at a below-market rent of $55 per square foot. 103 Mosco Street offers a rare opportunity to acquire a cash-flowing asset with long term value-add potential in a rapidly evolving neighborhood. Located just steps from Columbus Park and Dr. Sun Yat-sen Plaza, the property benefits from heavy foot traffic and a revitalized tourism sector—Chinatown now attracts over 20 million visitors annually. The area is known for its vibrant dining scene and expanding nightlife, making it an increasingly attractive destination for both residents and investors.
property features three residential units and one ground-floor commercial space. Two of the residential units underwent full gut renovations in 2025 and now feature high-end finishes, each configured as 3-bedroom, 2-bathroom apartments. Unit 1 has a larger terrace above the rear of the commercial space. The other two units have private roof top terraces. The third unit is rent-controlled, presenting significant upside potential upon vacancy, as it currently generates approximately $60,000 less in annual revenue than the free-market units. All apartments have washer/dryer in unit. The ground-floor retail space is leased to a well-established local business with 4.5 years remaining on the lease at a below-market rent of $55 per square foot. 103 Mosco Street offers a rare opportunity to acquire a cash-flowing asset with long term value-add potential in a rapidly evolving neighborhood. Located just steps from Columbus Park and Dr. Sun Yat-sen Plaza, the property benefits from heavy foot traffic and a revitalized tourism sector—Chinatown now attracts over 20 million visitors annually. The area is known for its vibrant dining scene and expanding nightlife, making it an increasingly attractive destination for both residents and investors.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,536,740 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $1,512,247 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.02 AC |
| Cap Rate | 5.12% | Building Size | 2,913 SF |
| Gross Rent Multiplier | 15.21 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1899/2025 |
| Property Subtype | Apartment | ||
| Zoning | C6-1 - Permits a wide range of high-bulk commercial uses requiring a central location | ||
| Price | $4,536,740 CAD |
| Price Per Unit | $1,512,247 CAD |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| Gross Rent Multiplier | 15.21 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.02 AC |
| Building Size | 2,913 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1899/2025 |
| Zoning | C6-1 - Permits a wide range of high-bulk commercial uses requiring a central location |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | - | 675 |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 0164-0043 | Total Assessment | $254,305 CAD (2025) |
| Land Assessment | $161,205 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $93,100 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0164-0043
Land Assessment
$161,205 CAD (2025)
Improvements Assessment
$93,100 CAD (2025)
Total Assessment
$254,305 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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103 Mosco St
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