New York 9 Saint Marks Place - - Sumitomo Real Estate Sales New York

9 Saint Marks Place

Third Avenue & Second Avenue

East Village

Status: Active
Listing ID: PRCH-1404147

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6 Bed 9Bath

General Details

Common Charges N/A
RE Taxes $60,132
Maintenance Fee N/A
Ownership Mixed Use
Building Type Pre-war Loft
Floors 5
Year Built 1830
Doorman No - Voice Intercom
Bathroom Yes
Washer / Dryer No
Pet Policy Not Allowed

Listing Features

  • ● Balcony
  • ● Terrace

Building Features

Listing Remarks

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.

Japanese Store = Japanese Store





Sumitomo RES NY

O: 212-596-0800