123 Baxter St, New York, NY 10013

Marshall Real Estate LLC (“MRE”) has been exclusively retained to offer for sale the 100% fee simple interest in the Retail Condominium Units located at 123 Baxter Street in the Little Italy / Chinatown neighborhood of Manhattan, NY. The Property is 100% leased to 3 different tenants with a WALT of 6.96, as of November 1, 2025. The property spans a combined 4,531 square feet across the ground floor and sits at the base of a full service, high-end, luxury condominium building that encompasses 32 residential units above. Primely located on the southeast corner of Baxter Street and Hester Street, the retail offering features 10’ ceiling heights on grade, four designated storefronts and a combined 140’ of frontage.

The Retail Units are currently occupied by 3 different tenants: Zhengyuanyuan Spa, which has brought one of China’s most trusted wellness brands to heart of Lower Manhattan and has a lease expiration in February 2035. Zhengyuanyuan Spa specializes in traditional Chinese massage, acupuncture and unique therapies that provide their customers with a tranquil experience in both healing and restoration. Commercial Unit 2 is leased to Candy Spa until November 2029 and specializes in eyelash extensions, facials, makeup-tattoo and body massage treatments. Lastly, Commercial Unit 4 is occupied by Color Me Mine on a new 5-Year extension which pushes the lease expiration to the end of January 2031. The retailer offers a paint-your-own-pottery studio where customers can choose a ceramic item and decorate it to your own design.

Nestled in the crossroads of Manhattan’s SoHo, NoLita and Chinatown neighborhoods, 123 Baxter Street benefits from a high-density residential area with incredible foot traffic. The neighborhood is surrounded by cultural and culinary landmarks with the Chic 11 Howard Hotel and NOMO Soho Hotel and offers exclusive dining and nightlife options. An investor will benefit from the excellent co-tenancy and is an ideal opportunity to secure high yielding cash flows. The Retail Condominium Units at 123 Baxter Street are being offered unencumbered of debt to qualified investors on an “As Is” basis only. All inquiries should be directed to Marshall Real Estate LLC.