See Home Value
$488,946*
Commercial - Off Market

7 Chatham Square #C5C6C7

Brooklyn, NY 10013
bedrooms
Studio
bathrooms
0 Bath
square feet
600 Sqft
$360,000 - $440,000
Reference Base Price*
22.24%
Since Jun 1, 2021
NY-New York
Primary Model

About This Property

3 separate office condos for sale in a prime location of China Town. With a total area of 600 sqft. Income includes renting 180 mailboxes and 3 offices. 60 X small-sized mailbox rent $50/each for one year, 60 X medium-sized mailboxes rent $75/each for a year, and 60 X large-sized mailboxes rent $100 each for a year. Annual income from mailboxes is $22,500 including $9000 mailbox deposit ($50 deposit for each mailbox, total 180 mailboxes). And annual income from 3 offices is $38,400. The total annual rent is $60,900. ($22,500 mailbox + $38,400 office). Office #C5: common charge monthly fee: $282 and quarter tax: $1425. Office #C6: common charge monthly fee: $104 and quarter tax: $558. Office #C7: common charge monthly fee: $158 and quarter tax: $815. Annual tax expenses is $11,192.

The manager has listed the unit size as 600 square feet.
Unit Size
600Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$667
Property Type
Commercial
Property Taxes
$11,192
HOA Dues
-
Year Built
1920

Price History

Date / Event Date Event Price
Nov 7, 2021 No longer available -
No longer available
May 7, 2021 No longer available -
No longer available
May 7, 2021 Listed $400,000
Listed
3 separate office condos sale as a package in a prime location of China Town. With a total area of 600 sqft. Income includes renting 180 mailboxes and 3 offices. 60 X small-sized mailbox rent $50/each for one year, 60 X medium-sized mailboxes rent $75/each for a year, and 60 X large-sized mailboxes rent $100 each for a year. Annual income from mailboxes is $22,500 including $9000 mailbox deposit ($50 deposit for each mailbox, total 180 mailboxes). And annual income from 3 offices is…
Feb 7, 2021 Listed $400,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Co-op
Stu
1 Bath
550 ft²
$700/ft²
$385,000 Jan 15, 2015
$385,000 Feb 5, 2021
$880/mo
Co-op
Stu
1 Bath
550 ft²
$682/ft²
$375,000 Jan 24, 2014
$375,000 Nov 3, 2014
$822/mo
Co-op
Stu
1 Bath
550 ft²
$682/ft²
$375,000 Nov 19, 2013
$375,000 Mar 20, 2014
$822/mo
Co-op
Stu
1 Bath
550 ft²
$691/ft²
$380,000 Sep 26, 2012
- Feb 5, 2021
$863/mo
Co-op
Stu
1 Bath
500 ft²
$798/ft²
$399,000 Apr 2, 2016
$399,000 Feb 5, 2021
$720/mo
Co-op
Stu
1 Bath
500 ft²
$900/ft²
$450,000 May 7, 2021
$450,000 Mar 14, 2022
$1,052/mo
Commercial
Loft
-
600 ft²
$767/ft²
$460,000 Apr 18, 2023
-
$199/mo
Co-op
Stu
1 Bath
575 ft²
$757/ft²
$435,000 Mar 22, 2024
-
$1,008/mo
Co-op
Stu
1 Bath
310 ft²
$1,129/ft²
$350,000 Jun 8, 2023
-
$367/mo
Co-op
Stu
1 Bath
-
$400,000 Jul 28, 2023
-
$1,014/mo
Condo
Stu
1 Bath
-
$410,000 Jun 5, 2023
-
$1,840/mo
Co-op
Stu
1 Bath
-
$375,000 Mar 21, 2023
-
$1,175/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220512
05/12/2022
Loft
-
-
$199,000
bedrooms
Loft
bathrooms
-
-
-
-
David Yudell
Exit Realty First Choice
20220112 Unit C7
01/12/2022
C7
Loft
-
7750 ft²
$130,000
bedrooms
Loft
bathrooms
-
square feet
7750 ft²
-
-
-
Getman Megan Moy
Homemax Realty Inc
20210207 Unit C5C6C7
02/07/2021
Loft
-
600 ft²
$400,000
bedrooms
Loft
bathrooms
-
square feet
600 ft²
-
-
-
-
20190603 Unit 5C6C7C
06/03/2019
Studio
-
600 ft²
$400,000
bedrooms
Studio
bathrooms
-
square feet
600 ft²
-
-
-
Getman (Megan) Moy
Homemax Realty Inc

Building Info

7 Chatham Square 7 Chatham Square, New York, NY 10013
  • 60 Units
  • 1 Unit for Sale
More about this Building
7 Chatham Square
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