Documents
Enter the "Deal room" for exclusive documents related to this property.
Key facts
Building Area Gross |
|
Land Area Gross |
|
Portfolio description
JLL has been retained on an exclusive basis to arrange for the sale of the “Mulberry-Grand Portfolio” (130 Mulberry Street, 149 Mulberry Street, 181-183 Grand Street, and 191 Grand Street), a collection of 5 walk-up mixed-use properties in the Little Italy neighborhood of Manhattan. Across all five properties there is a total of 54 residential units, of which 25 are Free Market (46%) and 29 units are Rent Stabilized (54%). In addition to the residential portion, there are 7 commercial units across the portfolio. The commercial tenants within the portfolio feature neighborhood institutions such as Café Napoli and Caffe Palermo.
Investment highlights
The Mulberry-Grand Portfolio offers an excellent opportunity to acquire a collection of stabilized buildings in a strong rental market with significant in-place cash flow as well as tremendous upside through the continued renovation of the existing free market units.
Click here for information regarding the New York State Human Rights Law, as required by the State of New York.