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9 Saint Marks Pl, New York, NY 10003
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For the first time in five decades, this 32-foot wide prime mixed-use property is now on the market for sale. This is an extremely rare opportunity for a buyer to secure a property located in the thriving St. Marks Place corridor. Originally built in 1830, this five-story plus basement property has over 6,000 square feet of prime retail space. The building has a mixture of original detail with contemporary updates. There are high-beamed ceilings, exposed brick walls, and a soaring spiral staircase that is a classic example of mid-century architecture. 9 St. Marks Place is currently comprised of three retail tenants and three floor-through live/work spaces above. The three retail tenants have two bathrooms each and the three live/work spaces each have one bathroom. The asset is being offered at a 5% cap rate. Since the commercial tenants cover most of the property expenses (including the real estate taxes), 9 St. Marks costs little to operate and has a NOI of approximately $1.4M. The next owner can benefit from the strong growth in rent plus the continued evolution of the block.
  • Price:
  • $25,950,000
  • Year Built:
  • 1900
  • Listing ID #:
  • PRCH-1404147
  • Street Address:
  • 9 Saint Marks Pl
  • City:
  • New York
  • State:
  • New York
  • Postal Code:
  • 10003
  • County:
  • New York
  • Subdivision:
  • East Village
  • Listing Status:
  • Active
  • :
  • 1900
  • Dwelling Type:
  • Walk-Up
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
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