Updated 2 years ago
Sold
58 Mott Street
Chinatown, Manhattan | Walker Street & Bayard Street
4.5 Baths4,646 Square FeetIncome Property
$3,500,000
floors / apts5 / 6
Lot Size25'x49'5"
ZoneC6-1
Building TypeLow-Rise
RE Taxes$32,264
Price Per SF
$753
Building Amenities
- Voice Intercom
Property Description for 58 Mott Street
Welcome to an exceptional investment opportunity in the heart of Chinatown! Nestled on Mott Street, just off Canal Street, this prestigious 5 story building (25' x 50' lot) is a prime piece of real estate. The property boasts a spacious and versatile commercial storefront (18' x 45') with a full storage basement and storefront will be delivered vacant, allowing for immediate customization to suit your business needs. Above, you'll find six residential apartments, with four units delivered vacant, presenting an excellent opportunity for value enhancement. With a rich cultural backdrop and historic charm, this property is not just a building; it's a gateway to a vibrant community and an unparalleled investment situated in the heart of New York City's Chinatown. Mott Street traces its history from an early 19th-century enclave for Irish and German immigrants to the vibrant epicenter of Chinese culture it is today. Over the years, it has evolved into a bustling hub of Chinese businesses, restaurants, and cultural festivities, embracing new changes while maintaining its distinct identity. Today, it stands as a testament to the resilience and cultural richness of New York City's Chinatown. Seize the chance to be part of the legacy of this iconic neighborhood and make this property your next successful venture.
Listing History for 58 Mott Street
Now
06/01/2024
Sold and Closed by Delton Cheng
Century 21 Homefront
02/08/2024
Contract Signed by Delton Cheng
Century 21 Homefront
Building Details for 58 Mott Street
OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/6
Chinatown | Manhattan
Quick Profile
The roots of Chinatown are said to go back as far as 1858, with the arrival of Cantonese businessman, Ah Ken. Ah Ken made his fortune selling cigars and is thought to have set up the first boarding houses for Chinese immigrants.
Vibrant and bustling, in New York City’s Chinatown, you’ll find the biggest population of Chinese people in the Western Hemisphere. Although Chinatown was established mostly by Cantonese speakers, due to an influx of Fuzhounese speaking Chinese immigrants and Mandarin being the official language of China and Taiwan, Mandarin has become vital to the dynamic tableau that is Chinatown.
Centered around Chatham Square and Columbia Park, Chinatown is transportive yet quintessential New York. Traveling the cozy corridors of Chinatown, bask in the varied languages and cultural diaspora, uniquely American and yet universal. Witness the roots of a place where a community was allowed to grow within a community, a world within a world. See it in the statues, architecture, and signage throughout Chinatown. Smell it seeping out from the multitude of dim sum restaurants, noodle houses, and speakeasies that reside here. Pick up a bao and wander the markets for deals and explore the sometimes brutal historic sites.
Chinatown is developing. Much of the lower-income housing once available in the area are being refurbished and sold. As a result, the community and its demographic makeup are diversifying.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 93522TH
Find home. Discover happiness.