About This Home

This 0-bedroom, 0-bathroom commercial at 240 E 9th Street in New York (Manhattan), NY is listed for $9,999,000. Built in 1900, on a 0.05 acres lot.

Key Features

  • Built in 1900
  • 0.05 acre lot

Property Details

1900
Listing Description

Calling All Investors, Developers, & End-Users!!! 100% Occupied 13 Unit Mixed-Use Building In Manhattan For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B/R7A/C1-5 Zoning, 8 Free Market Apartments, High 8' Ceilings, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!!

The Property Is Located In the Heart Of New York City Between 2nd Ave. & 3rd Ave. Only 6 Blocks From The FDR Drive!!! Neighbors Include Chase Bank, Citibank, Bank of America, NYU Langone, USPS, UPS, WholeFoods, Target, Best Buy, Staples, Walgreens, Ace Hardware, Trader Joe's, IHOP, +++!!!

This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!! Income: Tokyo Mama: $88,418.04 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/30. Apt. 1: $51,600 Ann.; Lease Exp.: 4/30/27. Apt. 2: $27,102.84 Ann.; Lease Exp.: 12/31/26.

Apt. 3: $49,200 Ann.; Lease Exp.: 2/28/28. Apt. 4: $48,000 Ann.; Lease Exp.: 3/31/27. Apt. 5: $49,200 Ann.; Lease Exp.: 7/31/27. Apt. 6: $42,000 Ann.; Lease Exp.: 12/31/26. Apt. 7: $48,000 Ann.; Lease Exp.: 10/31/26. Apt. 8: $49,200 Ann.; Lease Exp.: 12/31/26.

Apt. 9: $50,400 Ann.; Lease Exp.: 10/31/26. Apt. 10: $12,000.60 Ann. Apt. 11: $24,204.24 Ann.: Lease Exp.: 10/31/27. Apt. 12: $9,951.72 Ann.; Lease Exp.: 2/28/28. Gross Income: $549,277.44 Ann. Expenses: Fuel: $11,169.24 Ann. Electric: $1,297.16 Ann. Water & Sewer: $12,247.78 Ann. Insurance: $11,428 Ann. Maintenance & Repairs: $11,431.02 Ann. Taxes: $107,350.14 Ann. Total Expense: $154,923.35 Ann. Net Operating Income (NOI): $394.354.09 Ann.

Monthly Cost Estimate

$53,477/mo

20% down · 6.5% · 30 years

Principal$7,231
Interest$43,329
Insurance$2,916

Estimates only. Actual payments may vary.

Location

240 E 9th Street

New York (Manhattan), NY 10003

Property Details

Construction

Brick Frame

Parking

On Street

Heating

OilHot Water(Heating)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 240 E 9th Street is listed at $9,999,000. The estimated monthly payment is $53,476 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.05 acre lot.

This property is listed by Richard Matt Shane.

RS

Richard Matt Shane

Agent at All Island Estates Realty Corp

Listed by All Island Estates Realty Corp · Broker phone: (516) 532-9184 · Broker website

MLS# 1024440· Source: OneKey MLS· 108 days on PropertySimple

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

240 E 9th Street, New York (Manhattan), NY 10003

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