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149 Rivington St New York, NY 10002

For Sale
$4,495,000

Lower East Side Retail Investment

Property size:
3,918 SF

Description

Added:
Dec 11, 2024
Days on Market:
370
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.

Property Features for 149 Rivington St

General Information

Property type
Individual retail properties
Square Feet
3,918 SF

Building Details

Stories
4
Units
3

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Montana Shop NYC Art Supply Store

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9857862
Latitude
40.7191962

FAQs

What type of property is this?
Individual retail property - Lower East Side Retail Investment
Where is this individual retail property located?
The property is located at 149 Rivington St New York, NY.
What is the asking price?
The asking price for this property is $4,495,000.
More about this property
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