Mixed-Use Building with Ground Floor
For Sale
Contact for pricing
Pending
121 Division St, New York, NY 10002
Ground-floor restaurant with two floor-through units above, including a vacant 2BR/2BA delivered at closing.
Property SizeContact for details
Days on Market122
Property Features for 121 Division St
General Information
Standard status
Pending
Property subtype
Mixed Use, Industrial
Additional Details
Multifamily Units
2
Listing Agency:
Cushman & Wakefield New York
(212) 660-7706
Listed By:
Michael Decheser · License #NY 10301208353
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 8 at 2:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield New York
Investment Insights
Based on property information with market context.
This mixed-use building includes a newly installed restaurant on the ground floor and two floor-through units above. The 2nd-floor unit is a 2-bedroom, 2-bath layout with exclusive backyard access and will be delivered vacant at closing. The 3rd-floor apartment was gut renovated and remodeled in 1996 by designer Peter McGrattan, and was featured in Home & Garden magazine.
All units have separate on-floor mechanical systems, with heat/hot water/electric separately metered. The building retains approximately 5,400 SF of intact air rights. The property is positioned between Orchard and Ludlow Street and shares the block with a range of neighborhood businesses, including galleries, fashion retailers, coffee shops, and modern restaurants, along with the Lower East Side Business Improvement District’s office/center. It is also about a block from the historic Jarmulowsky Bank Building, which is in the process of being converted to a hotel.
The ground-floor restaurant tenant is Kiki’s.
All units have separate on-floor mechanical systems, with heat/hot water/electric separately metered. The building retains approximately 5,400 SF of intact air rights. The property is positioned between Orchard and Ludlow Street and shares the block with a range of neighborhood businesses, including galleries, fashion retailers, coffee shops, and modern restaurants, along with the Lower East Side Business Improvement District’s office/center. It is also about a block from the historic Jarmulowsky Bank Building, which is in the process of being converted to a hotel.
The ground-floor restaurant tenant is Kiki’s.
Key Highlights
- Mixed‑use building at 121 Division Street with a ground‑floor restaurant and two floor‑through units above
- Second‑floor 2BR/2BA unit with exclusive backyard access and delivered vacant at closing
- Third‑floor apartment gut renovated in 1996, designed/remodeled by Peter McGrattan and featured in Home & Garden
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
21,064
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Ground-floor restaurant with two floor-through units above, including a vacant 2BR/2BA delivered at closing.
Where is this conventional restaurant located?
The property is located at 121 Division St New York, NY.
What are key features of this property?
This property features: Mixed‑use building at 121 Division Street with a ground‑floor restaurant and two floor‑through units above; Second‑floor 2BR/2BA unit with exclusive backyard access and delivered vacant at closing; Third‑floor apartment gut renovated in 1996, designed/remodeled by Peter McGrattan and featured in Home & Garden
