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Kyle Meeks
TTR Sotheby's International Realty
Agent Photo
Kyle Meeks
TTR Sotheby's International Realty
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    ManhattanNolita232 MULBERRY STREET

    232 MULBERRY STREET
    Nolita, Manhattan, NY 10012

    $9,995,000
    New Listing For Sale
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    Tools
    Open House
    Size
    17
    Bedrooms
    17
    Full Baths
    17
    Rooms
    99 X 25
    Exterior
    Financial
    $9,995,000
    Change Currency
    $8,348
    Monthly taxes
    $100,176
    Annual taxes
    Details
    Townhouse
    Property Type
    15622120
    Web Id
    178
    Days Posted

    Description

    232 MULBERRY STREET, Nolita, Manhattan, NY 10012

    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
    Price History View all +
    Date PriceVarianceType
    6/14/2025$9,995,000-Listed
    Listing By: Douglas Elliman via Data Source: RealPlus MLS


    Located at 232 MULBERRY STREET, Manhattan, New York 10012, Nolita neighborhood, this Townhouse is for Sale with a price of $9,995,000 USD. The property includes 17 bedrooms, has 17 full baths. This listing encompasses a lot of 99 X 25. See all Homes for Sale in Nolita.
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    Douglas Elliman

    Kyle Meeks
    Kyle Meeks
    • Real Estate Professional
    1515 14th Street NW
    Contact Agent
    Staging Information:
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