7 Chatham SqNew York, NY 10038

For Sale
$460,000

Prime NYC Office/Retail Space, High Rental Income

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 600-square-foot commercial condo, located at 7 Chatham Square C5 in New York City's vibrant Chinatown (zip code 10038), presents a lucrative investment opportunity. Situated within a larger eight-story building, this single-unit property boasts a spacious layout with 11-15 foot ceilings, ideal for a variety of uses. Currently generating approximately $3,000 in monthly rental income, the potential for increased revenue exists through separate leasing of the space. Further income streams are derived from mailbox rentals, encompassing 120 small ($50 annual fee), 32 medium ($75 annual fee), and 4 large ($100 annual fee) boxes. The property's 7,750-square-foot lot provides ample space, and its central Chinatown location offers high visibility and foot traffic, making it suitable for both professional office use and retail operations. This turnkey investment is perfect for entrepreneurs seeking a profitable venture in a thriving New York City neighborhood. The asking price for this remarkable property is $460,000. This is a package deal that includes units C6 and C7, totaling 600 square feet of commercial condo space.

Highlights

  • $460,000 asking price.
  • 600 square foot office/retail condo.
  • Located at 7 Chatham Square C5, New York, NY 10038.
  • One unit in an eight-story building.
  • 7,750 square foot lot.
  • 11-15 foot ceiling height.

Property Details for 7 Chatham Sq

Property type
Other retail properties, Other office properties
Square Feet
600 SF
Stories
8
Units
1

Location Insight

City
New York
County
New York (Manhattan)
State
New York
Latitude
40.713929
Longitude
-73.998209
7 Chatham Sq, New York, New York

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7 Chatham Sq
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