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261 Bowery 3 Unit Apartment Building $9,764,461 CAD ($3,254,820 CAD/Unit) 6.11% Cap Rate New York, NY 10002

Apartment Buildings New York New York 261 Bowery, New York, NY 10002

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EXECUTIVE SUMMARY

6.11% Cap Rate.
Fully Leased and Renovated.
Reclassified as Tax Class 1, capping Tax Increases.
Luxurious renovated 3 Story Mixed Use Building.
Large Retail Space -Leased to Established Restaurant Tenant with 7 other NYC Locations
15,000 BSF Total. 10,000 SF of Air Rights Remain. Can be added on top of existing building.
~5,000 SF Above Grade
Fully Renovated Luxury Apartments with large private outdoor decks.
Property abuts the Public Hotel in the back
Located in Bowery/Nolita
Steps from national retailers and the B,D,F,M,R,W Trains.
Contact Michael@Baselinerealestate.com or 631-235-9741 for more information

ATTACHMENTS

261 Bowery New York NY

PROPERTY FACTS

Price $9,764,461 CAD Apartment Style Low-Rise
Price Per Unit $3,254,820 CAD Building Class C
Sale Type Investment Lot Size 0.06 AC
Cap Rate 6.11% Building Size 4,922 SF
No. Units 3 No. Stories 3
Property Type Multifamily Year Built 1910
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Zoning C6-1 - a commercial zoning district that allows for a variety of commercial and residential buildings.
Price $9,764,461 CAD
Price Per Unit $3,254,820 CAD
Sale Type Investment
Cap Rate 6.11%
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 4,922 SF
No. Stories 3
Year Built 1910
Zoning C6-1 - a commercial zoning district that allows for a variety of commercial and residential buildings.

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 0427-0009 Improvements Assessment $358,997 CAD
Land Assessment $253,708 CAD Total Assessment $612,705 CAD

PROPERTY TAXES

Parcel Number
0427-0009
Land Assessment
$253,708 CAD
Improvements Assessment
$358,997 CAD
Total Assessment
$612,705 CAD
(631) 235-9741

Still interested?

Contact the broker for more information about this property

CONTACT

  • Michael Sherman
    Michael Sherman

  • Listing ID: 34862031

  • Date on Market: 2025-02-18

  • Last Updated:

  • Address: 261 Bowery, New York, NY 10002

The Bowery Multifamily Property at 261 Bowery, New York, NY 10002 is currently available. Contact Baseline Real Estate Advisors for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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261 Bowery
(631) 235-9741 x

261 Bowery

Michael Sherman
(631) 235-9741

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