262 Mott Street - Storage

New York, New York

Building

Stats

Property Type Special Purpose - Other
Building size (SF) 14,061
Price $12,950,000

Overview

Avison Young, as exclusive agent is pleased to offer for sale the Class A self-storage facility at 262 Mott Street (the “Property”) in the heart of Manhattan’s ultra-desirable Nolita neighborhood. Situated at the base of a boutique five-story condominium building, the storage facility consist of 344 units with 1,140 square feet on the ground floor and 12,921 -square-feet across 3 cellar floors for a total of 14,061 net rentable square feet.

Highlights

Managed by Public Storage

344 storage units

14,061± net rentable SF across four levels

All units are climate controlled

24-hour video surveillance and keypad entry

Rents 47% below market

New construction

Located in Nolita, one of Manhattan's most popular submarkets

Grandfathered for self storage use

Little to no new storage development opportunities available in Lower Manhattan

Seller will provide income support for two years during the initial lease-up to stabilize the NOI

Location Map

Map Type

Zoom

Fullscreen

Gallery

Team

Brent Glodowski

Director

Avison Young - US - NY - New York

202 246 4123

[email protected]

Mitchell Levine

Director

Avison Young - US - NY - New York

646 554 5239

[email protected]

James Nelson

Principal, Head of Tri-State Investment Sales

Avison Young - US - NY - New York

917 362 1485

[email protected]

262 Mott Street - Storage

New York, New York

Building

Stats

Overview

Highlights

Location Map

Gallery

Team

Brent Glodowski

Mitchell Levine

James Nelson

Downloads

Final_CO_Document__121188017_262_Mott_Street.pdf

NY__New_York_-_Mott_St_-_RMASA_-_2019.03.06_-_Executed.pdf

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262_Mott_Street_Storage_Condo_OM_10.13.21.pdf

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77540_Mott_-_Management_Summary_Report_2021.2.28.pdf

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77540_Mott_-_Management_Summary_Report_2021.1.31.pdf