PRESS RELEASE: Avison Young tapped to sell 262 Mott Street Class A Self-Storage Facility

Available 14,000-square-foot facility in Nolita offers 344 storage units

New York City – The Tri-State Investment Sales Group for Avison Young has been engaged to sell the Class A self-storage facility at 262 Mott Street, located in Manhattan’s Nolita neighborhood. The asking price is $16,950,000.

An Avison Young team comprised of James Nelson, Principal and Head of Tri-State Investment Sales, Directors Brent Glodowski and Mitchell Levine, and Senior Associate Bradley Rothschild are marketing the property on behalf of ownership. 

The facility, which is managed by Public Storage as their Manhattan flagship location, offers 344 individual climate-controlled storage units in a variety of sizes across 14,061 rentable square feet. The units span the ground and three basement floors and feature keypad entry, along with 24-hour, seven days a week, surveillance.

“Storage facilities in Manhattan have traditionally proven to be good investments and we’re excited to offer 262 Mott Street for sale,” notes Glodowski.  "The property is strategically located in the densely populated Nolita area which continues to have both residential and commercial cache. Space remains a luxury in lower Manhattan as multifamily tenants and commercial tenants alike are always seeking more of it. Storage facilities like 262 Mott are constantly in high demand and we expect strong interest in this asset as we embark on our marketing campaign.”

The 262 Mott Street property is located between Broadway-Lafayette Street Station and the 2nd Avenue Station, and within walking distance of Washington Square Park, NoHo and other neighborhoods in Lower Manhattan.