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Investment Highlights

  • Fully Occupied Ground Retail Units
  • Prime Mott Street frontage in a high-foot-traffic corridor
  • Excellent transit access with multiple subway lines nearby
  • Fully Occupied Residential Units
  • Surrounded by thriving retail, dining, and cultural attractions
  • Located near SoHo, Tribeca, and Financial District business hubs

Executive Summary

Prime Chinatown mixed use building. Great condition, great location, and a strong stable rent roll. The building consists of a 5-story walk-up with 3 prime retail units (2 street level and 1 selling basement) and 16 residential apartments (of which 7 are free market and 9 are rent stabilized).
Located at Canal Street and Bayard Street (Chinatown)

Financial Summary (Pro Forma - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $480,480 $42.61

Financial Summary (Pro Forma - 2025)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $480,480
Annual Per SF $42.61

Property Facts

Price $13,590,720 CAD
Price Per Unit $849,420 CAD
Sale Type Investment
Cap Rate 3.54%
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.06 AC
Building Size 11,275 SF
No. Stories 5
Year Built 1910
Zoning C6-1G - Permits a wide range of high-bulk commercial uses requiring a central ­location

Amenities

Unit Amenities

  • Cable Ready
  • Heating
  • Hardwood Floors
  • Refrigerator
  • Oven

Site Amenities

  • Controlled Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 16 - -
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100

Property Taxes

Property Taxes

Parcel Number
0200-0020
Land Assessment
$234,749 CAD
Improvements Assessment
$1,591,020 CAD
Total Assessment
$1,825,769 CAD
  • Listing ID: 3718411

  • Date on Market: 2016-04-08

  • Last Updated:

  • Address: 79 Mott St, New York, NY 10013

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