Investment Property Realty Group (IPRG) is pleased to exclusively represent the ownership of 91-93 Baxter Street, two mixed-use buildings located just south of Canal Street in the heart of Chinatown. The properties encompass a total of 27,528 square feet with 50 feet of frontage and include 44 residential units along with a shared retail space on the ground floor. The ground-floor retail space spans 5,500 square feet and is currently leased to La Diaspora, a Latin American bar and restaurant. The tenant is in the third year of a 10-year lease, which includes 3% annual rent escalations and a 10% contribution toward real estate taxes. The residential portion consists of 44 two-bedroom apartments, including 4 free market units and 40 rent stabilized units. Ownership has completed renovations on 16 units, along with upgrades to the common areas and mechanicals. 91-93 Baxter Street offers investors the attractive opportunity to acquire a 50’ foot wide apartment building at a favorable basis, delivering a high yield and limited downside risk in the thriving Chinatown submarket.