96 Bowery 9,850 SF 81% Leased Office Building New York, NY 10013 $12,190,686 CAD ($1,237.63 CAD/SF)

Kin Yu Realty Management Corp. is pleased to present 96 Bowery Street, a five-story, mixed-use commercial building situated in the heart of Chinatown. Built in 1910, the property totals approximately 9,850 square feet across five units on a 25 x 99 ft lot, zoned CG-1G with office and commercial use. The ground floor is anchored by a high-performing commercial tenant generating nearly $25,000/month, with four upper-floor office units rounding out the rent roll. At the asking price of $8,900,000, the property is offered at approximately $934/SF.
The investment presents a compelling pro forma story: two currently vacant floors (3rd and 5th) represent immediate upside, with pro forma rents projected to push annual income from $421,374 to $561,774 — delivering a stabilized cap rate of 4.39% and a net operating income of $404,287. With total annual expenses of approximately $157,486, the building's income profile is clean and straightforward. Located on one of lower Manhattan's most trafficked corridors, 96 Bowery offers an investor the rare combination of a strong existing tenancy, clear value-add potential, and an irreplaceable Chinatown address.