91-93 Baxter St

For Sale$9,750,000

91 Baxter St, New York, NY 10013

  • Mixed Use

91-93 Baxter St, New York, NY 10013 - Mixed Use Space

91-93 Baxter St is located at 91 Baxter St in the Chinatown neighborhood, NY, New York, 10013. The Mixed Use building was completed in 1880 and features a total of 27,528 Sqft.

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Details

  • Sale Price $9,750,000
  • City New York
  • Neighborhood Chinatown
  • Zip Code 10013
  • Market Manhattan
  • Property Type Mixed Use
  • Property Size 27,528 Sqft
  • Units 45
  • Lot Size 0.12 Acre
  • Year Built 1880
  • Date Updated 22 Dec, 2020
  • Website www.triboroughmultifamily.com

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Description

Marcus & Millichap is pleased to offer 91-93 Baxter Street located between Walker Street and Bayard Street in the Chinatown section of Manhattan, New York.

The subject property, 91-93 Baxter Street are two contiguous mixed-use buildings on one tax lot that consist of a combined one retail unit and 44 residential apartments. The properties are built a collective 50 feet by 90 feet and sit on a 50.08 foot by 101.5 foot lot with approximately 27,528 gross square feet. The property is zoned C6-1 Block: 199, Lot: 7)

91 Baxter Street is a six-story mixed-use building that consists of one retail unit and 20 apartments. Of the residential units, 14 are rent stabilized, three are SCRIE, and three are free market. Three of the rent stabilized units will be delivered vacant.

93 Baxter Street is a seven-story mixed-use building that consists of one retail unit and 24 apartments. Of the residential units, 16 are rent stabilized, four are SCRIE, three are rent controlled, and one is free market. Three of the rent stabilized units and two of the rent controlled units will be delivered vacant.

This property offers investors, users, and developers the incredibly rare opportunity to acquire two contiguous mixed-use assets with one retail unit, 44 apartments and 50 feet of frontage located steps from the Canal Street retail corridor in the Chinatown section of Manhattan, New York.

FREQUENTLY ASKED QUESTIONS

What is the lease rate for 91-93 Baxter St?

Rental asking rate at 91-93 Baxter St is $9,750,000 per square foot.

What is the total square footage of 91-93 Baxter St?

91-93 Baxter St totals 27,528 square feet.

When was this property built?

91-93 Baxter St was built in 1880.

Chinatown Demographics

The average household income in zip code 10013 is $278,448, from a total of 12,026 households. In terms of employment, there are 93.54 % white-collar and 6.46 % blue-collar jobs in zip code 10013.

Population

  • Total Population12,874
  • Male Population(47.8 %) 6,157
  • Female Population(52.2 %) 6,717
  • Median Age41.00

Income/Financial

  • Average Household Income$173,467
  • Median Household Income$75,086
  • Median Income Under 25$65,955
  • Median Income 25-44$125,884
  • Median Income 45-64$95,594
  • Median Income Over 65$23,118

Commercial Brokers Register now to add listings

Matt Fotis

Marcus and Millichap

(212) 430-5206

Colton Traynham

Marcus and Millichap

(646) 805-1433