Two adjoining properties: 123-125 Mulberry and 186 Hester, these two handsome properties represent the finest in Little Italy real estate. Total GSF: 15,109 Total Lot SF: 4,659 Currently operating individually, the adjoining parcels also offer unique opportunities for savvy real estate owners to maximize the potential of these two outstanding lots. 123-125 Mulberry Street; a 7,434 SF mixed-use 4 story property, features a strong restaurant tenant in its 4,000 SF ground floor retail space and full basement, with 3 floors of prime residential space located above. Each residential floor features two apartments, each with efficient 2-bedroom/1-bath apartment layouts. 186 Hester Street; an elegant façade graces the 5-story 7,675 SF residential property. The entrance leads to a studio apartment on the 2nd floor, with sprawling full-floor 1-bed / 1.5 bath loft apartments on each of floors 3, 4 & 5. These free market lofts and flexible floor plans create a unique investment opportunity with tremendous upside. The neighboring lots are adjoined through their respective backyards, where full build-outs result in additional square footage for the properties. The opportunity to simultaneously purchase back-to-back properties in such an established and sought-after neighborhood does not come along often.
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