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    150 Rivington St New York, NY 10002

    Sponsored
    For Sale
    $7,900,000

    High-vacancy, 12,113 SF, $7.9M

    Property size:
    12,113 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional retail condominium, located at 150 Rivington Street in New York City's vibrant Lower East Side, presents a compelling investment opportunity. The property boasts a total of 12,113 square feet, currently at 42% occupancy, offering significant upside potential for a savvy investor or owner-user. Priced at $7,900,000 ($652 per square foot), the property generates a net operating income (NOI) of $502,375. The building features four units with an average rent of $72 per square foot on a gross lease structure. This prime location provides approximately 180 feet of wraparound frontage along Rivington and Suffolk Streets, ensuring exceptional visibility and exposure. The property includes a sellable and usable lower level, adding to its overall value. Situated at the base of the 150 Rivington mixed-use condominium building, this retail space benefits from the established residential community. The R7A zoning permits a variety of retail uses, allowing for flexibility and adaptability to market demands. The high vacancy rate (currently 85% vacant upon delivery) presents a unique chance to reposition the space and capitalize on the strong Lower East Side market. This is a rare opportunity to acquire a substantial retail property in a highly desirable location.

    Property Features for 150 Rivington St

    General Information

    Property type
    Retail properties
    Square Feet
    12,113 SF

    Building Details

    Units
    4

    HighLights

    • High‑vacancy retail condominium offering significant upside potential for investors or owner‑users.
    • Exceptional visibility with approximately 180 feet of frontage on Rivington and Suffolk Streets.
    • Includes a sellable and usable lower level.
    • Desirable Lower East Side location.
    • Ground floor retail space within the 150 Rivington mixed‑use condominium building.
    Property Profile Location Intelligence

    Current Use by Public Records

    150 Rivington Street ... Condominium Complex Leah Kaufman Nutrition, ... Dietitian Brentson LLC Air Conditioning 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
    -73.9856018
    Latitude
    40.7193638

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    FAQs

    What type of property is this?
    Retail property - High-vacancy, 12,113 SF, $7.9M
    Where is this retail property located?
    The property is located at 150 Rivington St New York, NY.
    What is the asking price?
    The asking price for this property is $7,900,000.
    What are key features of this property?
    This property features: High-vacancy retail condominium offering significant upside potential for investors or owner-users.; Exceptional visibility with approximately 180 feet of frontage on Rivington and Suffolk Streets.; Includes a sellable and usable lower level.
    Request Owner's contact information
    150 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
    150 Rivington St New York, NY 10002
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