Mandarin Plaza
376 Broadway, 3-F
Tribeca | Franklin Street & White Street
Rooms
4
Bedrooms
2
Bathrooms
1.5
Status
Active
Real Estate Taxes
[Monthly]
$ 1,014
Common Charges [Monthly]
$ 989
ASF/ASM
820/76
Financing Allowed
90%
Property Description
INVESTOR OPPORTUNITY | TRIBECA VALUE | HIGH-INCOME-GENERATING 2-BEDROOM CONDO | TENANT IN PLACE AT $6,600/MONTH
$79,200 Annual Gross Rent | Approx. $56,700 NOI | Approx. 4.9% Cap Rate | Low Carrying Costs
Welcome to 376 Broadway #3F, a spacious true 2-bedroom, 1.5-bathroom corner residence filled with natural light, offering an exceptional opportunity to own a high-income-generating investment property in Tribeca with an established tenant already in place.
The residence is currently leased at $6,600 per month through July 2027, generating $79,200 in annual gross rental income and providing immediate cash flow from day one.
The property benefits from low monthly carrying costs, with common charges of approximately $989 per month and real estate taxes of approximately $802 per month, supporting an estimated $56,700 annual NOI. At the current asking price of $1,150,000, the property offers an estimated 4.9% cap rate.
Tribeca is one of Manhattan’s most prestigious and sought-after neighborhoods, renowned for its historic architecture, luxury residences, world-class dining, boutique shopping, acclaimed art galleries, and distinctive cobblestone streets. The property is conveniently located near Hudson River Park, SoHo, the Financial District, and many of Downtown Manhattan’s most celebrated restaurants and cultural destinations.
Excellent transportation options provide convenient access to the 1, 2, 3, 6, A, C, E, J, M, Z, N, Q, R, and W subway lines.
Investment Highlights
True 2-bedroom, 1.5-bathroom layout
Corner residence with abundant natural light
Approximately 820 SF
Established tenant in place at $6,600/month
$79,200 annual gross rental income
Approximately $56,700 estimated NOI
Approximately 4.9% cap rate at asking
Low carrying costs
Common charges approximately $989/month
Real estate taxes approximately $802/month
Immediate rental income from day one
Full-service condominium
24-hour doorman
Elevator
Laundry
Prime Downtown Manhattan location
Tenant occupied
Sold in as-is condition
Location. Income. Value.
A compelling opportunity for an investor seeking strong rental income, immediate cash flow, low carrying costs, and ownership in one of Downtown TRIBECA Manhattan’s most desirable neighborhoods.
Asking: $1,150,000
$79,200 Annual Gross Rent | Approx. $56,700 NOI | Approx. 4.9% Cap Rate | Low Carrying Costs
Welcome to 376 Broadway #3F, a spacious true 2-bedroom, 1.5-bathroom corner residence filled with natural light, offering an exceptional opportunity to own a high-income-generating investment property in Tribeca with an established tenant already in place.
The residence is currently leased at $6,600 per month through July 2027, generating $79,200 in annual gross rental income and providing immediate cash flow from day one.
The property benefits from low monthly carrying costs, with common charges of approximately $989 per month and real estate taxes of approximately $802 per month, supporting an estimated $56,700 annual NOI. At the current asking price of $1,150,000, the property offers an estimated 4.9% cap rate.
Tribeca is one of Manhattan’s most prestigious and sought-after neighborhoods, renowned for its historic architecture, luxury residences, world-class dining, boutique shopping, acclaimed art galleries, and distinctive cobblestone streets. The property is conveniently located near Hudson River Park, SoHo, the Financial District, and many of Downtown Manhattan’s most celebrated restaurants and cultural destinations.
Excellent transportation options provide convenient access to the 1, 2, 3, 6, A, C, E, J, M, Z, N, Q, R, and W subway lines.
Investment Highlights
True 2-bedroom, 1.5-bathroom layout
Corner residence with abundant natural light
Approximately 820 SF
Established tenant in place at $6,600/month
$79,200 annual gross rental income
Approximately $56,700 estimated NOI
Approximately 4.9% cap rate at asking
Low carrying costs
Common charges approximately $989/month
Real estate taxes approximately $802/month
Immediate rental income from day one
Full-service condominium
24-hour doorman
Elevator
Laundry
Prime Downtown Manhattan location
Tenant occupied
Sold in as-is condition
Location. Income. Value.
A compelling opportunity for an investor seeking strong rental income, immediate cash flow, low carrying costs, and ownership in one of Downtown TRIBECA Manhattan’s most desirable neighborhoods.
Asking: $1,150,000
INVESTOR OPPORTUNITY | TRIBECA VALUE | HIGH-INCOME-GENERATING 2-BEDROOM CONDO | TENANT IN PLACE AT $6,600/MONTH
$79,200 Annual Gross Rent | Approx. $56,700 NOI | Approx. 4.9% Cap Rate | Low Carrying Costs
Welcome to 376 Broadway #3F, a spacious true 2-bedroom, 1.5-bathroom corner residence filled with natural light, offering an exceptional opportunity to own a high-income-generating investment property in Tribeca with an established tenant already in place.
The residence is currently leased at $6,600 per month through July 2027, generating $79,200 in annual gross rental income and providing immediate cash flow from day one.
The property benefits from low monthly carrying costs, with common charges of approximately $989 per month and real estate taxes of approximately $802 per month, supporting an estimated $56,700 annual NOI. At the current asking price of $1,150,000, the property offers an estimated 4.9% cap rate.
Tribeca is one of Manhattan’s most prestigious and sought-after neighborhoods, renowned for its historic architecture, luxury residences, world-class dining, boutique shopping, acclaimed art galleries, and distinctive cobblestone streets. The property is conveniently located near Hudson River Park, SoHo, the Financial District, and many of Downtown Manhattan’s most celebrated restaurants and cultural destinations.
Excellent transportation options provide convenient access to the 1, 2, 3, 6, A, C, E, J, M, Z, N, Q, R, and W subway lines.
Investment Highlights
True 2-bedroom, 1.5-bathroom layout
Corner residence with abundant natural light
Approximately 820 SF
Established tenant in place at $6,600/month
$79,200 annual gross rental income
Approximately $56,700 estimated NOI
Approximately 4.9% cap rate at asking
Low carrying costs
Common charges approximately $989/month
Real estate taxes approximately $802/month
Immediate rental income from day one
Full-service condominium
24-hour doorman
Elevator
Laundry
Prime Downtown Manhattan location
Tenant occupied
Sold in as-is condition
Location. Income. Value.
A compelling opportunity for an investor seeking strong rental income, immediate cash flow, low carrying costs, and ownership in one of Downtown TRIBECA Manhattan’s most desirable neighborhoods.
Asking: $1,150,000
$79,200 Annual Gross Rent | Approx. $56,700 NOI | Approx. 4.9% Cap Rate | Low Carrying Costs
Welcome to 376 Broadway #3F, a spacious true 2-bedroom, 1.5-bathroom corner residence filled with natural light, offering an exceptional opportunity to own a high-income-generating investment property in Tribeca with an established tenant already in place.
The residence is currently leased at $6,600 per month through July 2027, generating $79,200 in annual gross rental income and providing immediate cash flow from day one.
The property benefits from low monthly carrying costs, with common charges of approximately $989 per month and real estate taxes of approximately $802 per month, supporting an estimated $56,700 annual NOI. At the current asking price of $1,150,000, the property offers an estimated 4.9% cap rate.
Tribeca is one of Manhattan’s most prestigious and sought-after neighborhoods, renowned for its historic architecture, luxury residences, world-class dining, boutique shopping, acclaimed art galleries, and distinctive cobblestone streets. The property is conveniently located near Hudson River Park, SoHo, the Financial District, and many of Downtown Manhattan’s most celebrated restaurants and cultural destinations.
Excellent transportation options provide convenient access to the 1, 2, 3, 6, A, C, E, J, M, Z, N, Q, R, and W subway lines.
Investment Highlights
True 2-bedroom, 1.5-bathroom layout
Corner residence with abundant natural light
Approximately 820 SF
Established tenant in place at $6,600/month
$79,200 annual gross rental income
Approximately $56,700 estimated NOI
Approximately 4.9% cap rate at asking
Low carrying costs
Common charges approximately $989/month
Real estate taxes approximately $802/month
Immediate rental income from day one
Full-service condominium
24-hour doorman
Elevator
Laundry
Prime Downtown Manhattan location
Tenant occupied
Sold in as-is condition
Location. Income. Value.
A compelling opportunity for an investor seeking strong rental income, immediate cash flow, low carrying costs, and ownership in one of Downtown TRIBECA Manhattan’s most desirable neighborhoods.
Asking: $1,150,000
Listing Courtesy of BC Realty Group
Care to take a look at this property?
Apartment Features
A/C
View / Exposure
North, West Exposures
Building Details [376 Broadway]
Ownership
Condo
Service Level
Full-Time Doorman
Access
Elevator
Pet Policy
No Pets
Block/Lot
172/7501
Building Type
High-Rise
Age
Post-War
Year Built
1988
Floors/Apts
25/163
Building Amenities
Courtyard
Laundry Rooms
Non-Smoking Building
Private Storage
Building Statistics
$ 1,375 APPSF
Closed Sales Data [Last 12 Months]
Mortgage Calculator in [US Dollars]
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
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.
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