9 Saint Marks PlaceLoading

Townhouse For Sale Manhattan, East Village

Web ID # PRCH-1404147

Listed: 05/20/2019

Days on Market: 1835 days

SOLD

$25,950,000

6,200 ft2 Approx. $4,185 per ft2 6 Beds 9 Baths

Mortgage Est: $.../month


Townhouse For Sale Manhattan, East Village

Web ID # PRCH-1404147

Listed: 05/20/2019

Days on Market: 1835 days

SOLD

6,200 ft2 Approx. $4,185 per ft2 6 Beds 9 Baths

Mortgage Est: $.../month

  Listing Courtesy of Coldwell Banker Warburg

  Jason Haber


Buyer's Agent

Gea Elika

 212-590-0540

Inquire about 9 Saint Marks Place


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Description

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.

Highlights

  • Terrace

Building Information

  • Building Type: Walk-up
  • Year Built: 1900

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