**Nolita Mixed-Use Property Sells for $9.2 Million with Conversion Potential**
A mixed-use building located at 238 Mulberry Street in Manhattan’s Nolita neighborhood has been sold for $9.2 million. The transaction was brokered by Adelaide Polsinelli, Vice Chairman of Compass, in collaboration with David Graff of the Polsinelli-Graff Team and Darren Kearns of Corcoran. The identity of the buyer has not been disclosed.
The property comprises ground-floor retail space, two full-floor apartments, and a penthouse duplex. Notably, the property includes a curb cut, offering the possibility for conversion into a single-family residence with a private garage — an increasingly rare amenity in Manhattan.
“This exceptional property, with its unparalleled location and bespoke high-end features, was one of the most exciting deals on the market,” said Polsinelli. “Its unique flexibility attracted buyers seeking a one-of-a-kind home with built-in income potential.”
The sale underscores continued interest in flexible, high-end real estate in prime Manhattan neighborhoods.
