149 Rivington St New York, NY 10002

This exceptional Lower East Side mixed-use property at 149 Rivington Street presents a compelling investment opportunity. The 3,918 square foot building boasts a 6.45% cap rate and features a ground floor commercial storefront currently leased to Montana Shop, a paint supply, art, and apparel store, under a lease expiring January 2031 with a 3% annual escalation. Above the commercial space are two high-end residential units, totaling 2,679 net rentable square feet, spread across three and a half floors. These units offer multiple outdoor spaces, duplex and triplex layouts, and designer finishes. Both units feature four bedrooms, providing significant rental income potential, given their free-market status, allowing for flexibility in lease terms and rental rates. The building is situated on a 971 square foot lot and is zoned R7A. Its prime location between Suffolk and Clinton Streets offers easy access to public transportation via the nearby Delancey St-Essex St subway station, and is surrounded by a vibrant neighborhood with numerous restaurants, nightlife options, and grocery stores. This four-story building represents a strong cash-flow opportunity for investors seeking a value-add property in a highly desirable area of Manhattan. Floor plans are available upon request.