Two-Bridges Portfolio
Mixed Use | 55,712 SqFt
Marketing description
CBRE, as exclusive agent, is pleased to present a four-building mixed-use portfolio located within the Two Bridges and Chinatown neighborhoods of lower Manhattan. The offering is comprised of 91 apartments and 13 retail/commercial spaces for a total of 104 units over approximately 55,700 gross square feet. This presents investors with an opportunity to acquire a geographically concentrated collection of stable, cash flowing assets in core Manhattan. The buildings are for sale as a portfolio or on an individual asset basis.
The residential component consists of a balanced mix of free-market, rent-stabilized, and rent-controlled units, providing both durable in-place income and substantial long-term upside through potential rent growth and repositioning. The retail spaces feature a diverse tenant mix with staggered lease expirations, allowing for stable cash flow with future opportunities to capture market rents.
Situated within the Two Bridges enclave at the southern edge of the Lower East Side and Chinatown, the portfolio benefits from exceptional connectivity to the Manhattan, Brooklyn, and Williamsburg Bridges as well as proximity to multiple subway lines. Surrounded by a vibrant blend of residential, cultural, and retail activity, this portfolio offers investors a unique opportunity to acquire a strategically clustered group of well-located mixed-use assets in Manhattan.
Investment highlights
Rare Two Bridges/Chinatown Portfolio: Four mixed-use buildings totaling 55,700 SF with 91 residential units and 8 retail spaces, offered as a portfolio or on an individual asset basis.
Prime Transit: Steps from the Manhattan and Williamsburg Bridges and F,M, J, Z, B, D, N, Q, R, W, and 6 subway lines ensuring tenant demand.
Diverse Rent Roll: Balanced mix of free market and rent-regulated apartments plus retail, providing stable cash flow and upside through mark-to-market opportunities.
Embedded Retail Income: Street-level and below-grade retail spaces with leases extending through 2034 and rents up to $121/SF, offering long-term stability.
Value-Add Potential: Near-term retail expirations and below-market residential rents create multiple levers for NOI growth and asset appreciation.
High-Density, High-Demand Submarket: Located in one of Manhattan’s most vibrant neighborhoods with strong demographics, cultural amenities, and sustained rental demand.
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