Retail Space with Lower-Level
For Sale
$3,599,000
Pending
150 RIVINGTON Street CPH, New York City, NY 10002
Retail space offers ground-floor entry to a wide-open lower level with perimeter columns.
Property Size1,550 SF
Days on Market102
Property Features for 150 RIVINGTON Street CPH
General Information
Standard status
Pending
Size
1,550 SF
Property subtype
Apartment
Building Details
Building Size
1,550 SF
Year Built
2019
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Frances W Katzen
(917) 705-1864
Source:
Bondnyre
Added: May 27
Changed: Sep 5
Last Checked: Sep 5 at 8:32AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This retail space is located at the base of a newly built luxury 45-unit residential building. The ground-floor setup provides entry to the lower level, where the layout is largely open with columns placed along the perimeter.
The property is configured for flexible retail or fitness-oriented uses, with the wide-open lower-level plan supporting clear interior space and straightforward tenant layout planning.
Overall, the combination of ground-floor entry and open lower-level configuration makes the space well-suited for an end user seeking an uncluttered interior footprint within a residential building setting.
The property is configured for flexible retail or fitness-oriented uses, with the wide-open lower-level plan supporting clear interior space and straightforward tenant layout planning.
Overall, the combination of ground-floor entry and open lower-level configuration makes the space well-suited for an end user seeking an uncluttered interior footprint within a residential building setting.
Key Highlights
- Retail space at the base of a newly built luxury 45‑unit residential building
- Ground‑floor entry leads to a wide‑open lower‑level space
- Lower‑level layout includes columns along the perimeter
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$220,011
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,400,220
$4.4M
Cap Rate 7%
$3,143,014
$3.1M
Cap Rate 9%
$2,444,567
$2.4M
Market Conditions
NOI Build-Up for 1,550 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$368.5K $237.72/SF
− Vacancy
−$54.2K −$34.94/SF
EGI
$314.3K $202.78/SF
− OpEx
−$94.3K −$60.83/SF
NOI
$220.0K $141.94/SF
Area
ZIP 10002
Vacancy
14.70%
Lease Rate
$237.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,400,220
Cap Rate 7%
$3,143,014
Cap Rate 9%
$2,444,567
Alternative Uses
Best Use
Retail
$3.14M
$2.75M – $3.67M
NOI $220,011 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.86M
$3.38M – $4.50M
NOI $270,072 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19,434
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citibank
Shops & Services
15,431 visits/mo
0.3 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space offers ground-floor entry to a wide-open lower level with perimeter columns.
Where is this retail space located?
The property is located at 150 RIVINGTON Street CPH New York City, NY.
What is the asking price?
The asking price for this property is $3,599,000.
What are key features of this property?
This property features: Retail space at the base of a newly built luxury 45‑unit residential building; Ground‑floor entry leads to a wide‑open lower‑level space; Lower‑level layout includes columns along the perimeter
