91-93 Baxter Street

08-06-2019
10-29-2021

91-93 Baxter Street, New York, NY 10013

Property Description

Marcus & Millichap is pleased to offer 91-93 Baxter Street located between Walker Street and Bayard Street in the Chinatown section of Manhattan, New York.The subject property, 91-93 Baxter Street are two contiguous mixed-use buildings on one tax lot that consist of a combined one retail unit and 44 residential apartments. The properties are built a collective 50 feet by 90 feet and sit on a 50.08 foot by 101.5 foot lot with approximately 27,528 gross square feet. The property is zoned C6-1 (Block: 199, Lot: 7)91 Baxter Street is a six-story mixed-use building that consists of one retail unit and 20 apartments. Of the residential units, 14 are rent stabilized, three are SCRIE, and three are free market. Three of the rent stabilized units will be delivered vacant.93 Baxter Street is a seven-story mixed-use building that consists of one retail unit and 24 apartments. Of the residential units, 16 are rent stabilized, four are SCRIE, three are rent controlled, and one is free market. Three of the rent stabilized units and two of the rent controlled units will be delivered vacant.This property offers investors, users, and developers the incredibly rare opportunity to acquire two contiguous mixed-use assets with one retail unit, 44 apartments and 50 feet of frontage located steps from the Canal Streetretail corridor in the Chinatown section of Manhattan, New York.

Key Property Information

Listing Status
Available
Multifamily type
Mixed-Use
Price
$ 9,750,000
No. of Units
45
Cap Rate
0%
Average Occupancy
0%
Year Built
1880
Building Size
27,528 Sq ft
Lot Size
0 Sq ft
No. of Stories
7
Opportunity Zone
Off
Price per unit
$ 216,667
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