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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

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    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.
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    149 Rivington St New York, NY 10002
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    New York, NY 10002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    149 Rivington St New York, NY 10002
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