15 Stone Street — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: New York, NY 10004

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Investment Figures

Cap rate
6.52%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 15 Stone Street, a 10,160-gross SF mixed-use property located on a 25.33’ x 89.58’ lot in the heart of the Financial District. Positioned along historic Stone Street, the asset sits within one of the city’s most dynamic landmark cobblestone dining corridors, just steps from Wall Street, Bowling Green, and the Battery. The Property features full-floor residential apartments above commercial spaces, delivering a balanced income stream supported by strong tenancy and consistent demand from the area’s deep renter pool. This boutique asset presents a rare acquisition opportunity with multiple value-add strategies, predominantly residential lease rollovers to proven floor-through levels, and commercial re-tenanting upside. Located prominently within downtown Manhattan and with access to major transit hubs, the Property benefits from exceptional connectivity and proximity to premier dining, retail, and nightlife. The Financial District’s continued growth and limited supply underpin long-term rent appreciation and sustained investor demand. Investment Highlights: • 15 Stone Street is a five-unit mixed-use building — three residential floor-through apartments with private keyed-elevator access & two commercial spaces — totaling 10,160 SF on historic Stone Street. • 100 % Free Market | Tax Class: 2C | Zoning: C5-5 • 15 Stone Street benefits from exceptional connectivity including ten major subway lines are within an eight-minute walk to the 1, 2, 3, 4, 5, J, Z, N, R, & W.

Market Context

This mixed use in New York, NY is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in New York, NY — view the full market.

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