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Why City Building Owners Insurance Is the Go-To for Mixed-Use Properties in New York
With over 49 years of experience, we understand the unique challenges of insuring mixed-use properties across New York City. Buildings that combine residential units with ground-floor retail, restaurants, or commercial tenants present a more complex risk profile than standard rental properties, and most national carriers are not equipped to underwrite them well. Many impose underwriting criteria that create coverage gaps between the commercial and residential sides of the building. The programs we offer are built to address this complexity, providing integrated coverage for qualifying mixed-use properties that may have been declined, surcharged, or underserved elsewhere. Our tailored solutions help protect both your rental income and your commercial investment while keeping costs manageable.
50% of our New York-area clients save money without changing their coverage level
50% of our New York-area clients receive better coverage for comparable premiums
In New York, 92% of our clients return each year
Who Qualifies for This Insurance Program
This program is designed for mixed-use properties in Manhattan, Brooklyn, and Queens that combine residential and commercial occupancy, provided the building is at least 50% residential. Eligible property types include buildings with ground-floor retail, restaurant, or service tenants alongside residential units above, up to 30 units total. Buildings must be constructed of joisted masonry or better and fall within a total insured value of up to $10 million. Owner-occupied and tenant-occupied properties are both eligible. Not all buildings will qualify; eligibility is subject to underwriting review.
What Our Mixed-Use Insurance Policies Provide:
Full replacement costs
Covers the actual cost to repair or rebuild your mixed-use building after a covered loss, accounting for both residential and commercial construction requirements without applying depreciation
Liability protection
Covers liability exposure across both the commercial and residential portions of your building, including injuries to tenants, retail customers, and visitors on the property
Loss of rents
Replaces lost rental income from both residential units and commercial spaces for up to 12 months if a covered event makes all or part of your building temporarily unusable
Ordinance or law
Covers the cost of bringing repaired or rebuilt portions of your mixed-use building into compliance with current NYC building and commercial codes
Water backup protection
Covers damage from sewer or drain backups affecting basement areas, lower-level commercial spaces, and residential units, a common risk in New York’s aging urban infrastructure
Equipment breakdown
Covers repair or replacement of shared mechanical and electrical systems that serve both the commercial and residential portions of your building, including boilers, HVAC, and elevators
Business income / Rental value
Reimburses lost income from both residential rents and commercial leases, along with extra operating expenses, while your building is being repaired after a covered loss
Employee theft
Protects against financial losses from dishonest acts by employees or building staff who manage or maintain the property
Agreed amount coverage
Locks in the insured value of your mixed-use building upfront, eliminating the risk of a coinsurance penalty at the time of a covered loss
Personal inland marine
Provides scheduled coverage for high-value personal property kept on the premises, relevant for owner-occupied mixed-use buildings
Get a Quote for Your Mixed-Use Property
Whether you own a building with ground-floor retail in Brooklyn or a commercial and residential combination in Queens, we’ll help you secure coverage that addresses the full scope of your property’s risk.
Mixed-Use Property Insurance Through a Purpose-Built NYC Program
City Building Owners Insurance offers coverage for mixed-use properties through the New York Brick & Brownstone Insurance Program, a specialized program designed for owner- and tenant-occupied buildings that combine residential and commercial spaces in Manhattan, Brooklyn, and Queens.
Backed by Distinguished Real Estate, this program provides coverage depth that standard commercial or landlord policies rarely deliver for properties with dual-use occupancy. Unlike policies written for single-use buildings or out-of-state commercial real estate, this program was built around the realities of NYC’s mixed-use building stock, including older construction, layered tenant risk, and the liability exposures that arise when retail and residential occupancies share a structure. City Building Owners Insurance serves as your access point to this program, helping you assess eligibility and structure coverage that reflects the full complexity of your building.
What Our Clients Say
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G.M., Multiple Apartment Building Owner, New York, N.Y. ,|