232 Mulberry StreetLoading

Townhouse For Sale Manhattan, Nolita

Web ID # RLS20031107

Listed: 06/14/2025

$9,995,000Loading

17 Beds 17 Baths

Mortgage Est: $.../month

Townhouse For Sale Manhattan, Nolita

Web ID # RLS20031107

Listed: 06/14/2025

17 Beds 17 Baths

Mortgage Est: $.../month

  Listing Courtesy of Douglas Elliman Real Estate

  Wilfredo Rivera

Contact Agent

Gea Elika

 212-590-0540

Inquire about 232 Mulberry Street


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Description

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

Highlights

  • Central Air

Building Information

  • Building Type: Townhouse
  • Year Built: 1901

Mortgage Calculator

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$
%
%
$/month
$/month
/year
Advanced

Your mortgage payments over years will add up to .
Estimated monthly payment: $.

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Purchase Price

Property Type

Mansion Tax
Title Insurance
Attorney Fee
Move-In Deposit
Title Search
Survey Fees
Board Application Fees
Move-In Fee
Title Search
Recording Fees (Deed)
Lien Search
Credit Check

Mortgage Financing Costs

Mortgage Recording Tax
Title Insurance
Bank Attorney Fee
Loan Application Fee
Appraisal Fee
Mortgage Recording Fee
Aztech Recognition Agreement Fee
UCC-1 Filing Fee

New Construction Costs

NYC Transfer Tax
NY State Transfer Tax
Sponsor's Attorney Fee
Total
Total
Total
Email Me Closing Costs
Export PDF
Export CSV
  View closing costs
  View Post Closing Liquidity Calculator
$
$
Property Type
Amount Financed
$
$
$
$
$
$
$
Estimated Closing Costs
$
Post-closing liquidity without 401k
months
Post-closing liquidity with 401k
months
  View more details
$
months
%
%

$
$
%
%
$/month
$/month
/year

Your mortgage payments over years will add up to .

Your rent payments over years will add up to .


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