Prime Mixed-Use Building in Korea Town - Herald Square

This exceptional mixed-use property is strategically located in the heart of Korea Town near Herald Square, one of Manhattan's most vibrant commercial districts. The building represents a rare investment opportunity in one of New York's most sought-after ethnic enclaves.

Property Overview:
- Multi-family building with commercial ground floor
- 100% occupied generating strong rental income
- Annual revenue: $710,838
- Net operating Income: $624,431
- 6% cap rate
- Asking Price: $10,400,000

Building Features:
- Ground floor commercial space currently operated as Angelina Bakery Commissary Kitchen
- Four renovated free market apartments above the commercial space
- NNN lease structure on restaurant side provides predictable income
- Fully occupied with established tenant base
- Recent renovations to residential units

Location Advantages:
Situated in the prime Korea Town district adjacent to Herald Square, this property benefits from heavy foot traffic, excellent transportation access, and proximity to major shopping destinations including Macy's flagship store. The area is known for its dense concentration of Korean restaurants, businesses, and cultural establishments, creating a stable demand for both commercial and residential space.

Investment Highlights:
- Stable cash flow from diversified tenant mix
- Prime Manhattan location with strong fundamentals
- Established operations requiring minimal management
- Strong cap rate in competitive NYC market
- Opportunity for value enhancement through strategic leasing

The seller is motivated due to another large development project requiring equity funding, creating an opportunity for qualified investors to acquire this well-positioned asset in one of Manhattan's most dynamic neighborhoods.

This property offers investors the rare combination of stable income, prime location, and long-term appreciation potential in New York's competitive real estate market.