232 Mulberry Street Nolita Gihimong Multi-Purpose nga adunay Air Rights & Long-Term Upside

Nahimutang sa kasingkasing sa Nolita, ang 232 Mulberry Street naghatag og talagsaon nga oportunidad aron makuha ang usa ka rent-stabilized nga multi-purpose nga building nga adunay kasamtangang cash flow, gamay nga nagamit nga air rights, ug dako nga long-term upside.

Kini nga upat ka-andana nga walk-up nagtotal og mga 9,367 square feet ug naglangkob sa ground-floor nga retail ug daghang rent-stabilized nga residential units sa itaas. Ang building kasamtangang gitukod sa 3.80 FAR, uban ang maximum allowable nga residential FAR nga 6.02 ug commercial FAR nga 6.0, nga naghatag og mga 5,472 square feet nga wala magamit nga development rights (total max FAR: 14,839 SF).

Gipanalipdan sa iyang Tax Class 2A status, ang propiedad naghatag og lig-on nga operating expenses ug maayong angay alang sa mga investors nga nangita og generational asset sa usa ka high-demand, low-turnover nga neighborhood. Samtang rent-stabilized, ang propiedad nakabenepisyo gikan sa predictable nga kita ug long-term potential pinaagi sa capital improvements, strategic unit turnover, ug umaabot nga redevelopment.

Nahimutang taliwala sa Prince ug Spring Streets, ang 232 Mulberry nahimutang sa usa sa mga labing dinamiko ug supply-constrained nga neighborhoods sa downtown Manhattan—napalibutan sa mga luxury condos, designer boutiques, ug award-winning nga dining.

Mga Highlight sa Investment:

Na-rebuild nga Boiler sa 2023

Multi-purpose nga building nga adunay rent-stabilized nga residential units

9,367 SF nga gitukod 14,839 SF max FAR

5,472 SF nga wala magamit nga air rights

Zoned C6-2 Tax Class 2A

Long-term nga paghawid uban ang ubos nga operating expenses

Prime Nolita nga lokasyon duol sa SoHo ug NoHo

Lig-on nga foot traffic ug panginahanglan sa neighborhood

Kontaka kami karon alang sa Offering Memorandum

232 Mulberry Street Nolita Mixed-Use with Air Rights & Long-Term Upside

Located in the heart of Nolita, 232 Mulberry Street presents a rare opportunity to acquire a rent-stabilized mixed-use building with built-in cash flow, underutilized air rights, and significant long-term upside.

This four-story walk-up totals approximately 9,367 square feet and is comprised of ground-floor retail and multiple rent-stabilized residential units above. The building is currently built to a 3.80 FAR, with a maximum allowable residential FAR of 6.02 and commercial FAR of 6.0, offering approximately 5,472 square feet of unused development rights (total max FAR: 14,839 SF).

Protected by its Tax Class 2A status, the property offers stable operating expenses and is ideally suited for investors seeking a generational asset in a high-demand, low-turnover neighborhood. While rent-stabilized, the property benefits from predictable income and long-term potential through capital improvements, strategic unit turnover, and future redevelopment.

Positioned between Prince and Spring Streets, 232 Mulberry sits in one of downtown Manhattan's most dynamic and supply-constrained neighborhoods-surrounded by luxury condos, designer boutiques, and award-winning dining.

Investment Highlights:

Boiler rebuilt in 2023

Mixed-use building with rent-stabilized residential units

9,367 SF built 14,839 SF max FAR

5,472 SF of unused air rights

Zoned C6-2 Tax Class 2A

Long-term hold with low operating expenses

Prime Nolita location near SoHo and NoHo

Strong foot traffic and neighborhood demand

Contact us today for Offering Memorandum