Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    206-208 Rivington St New York, NY 10002

    • Retail residential properties
    • 16,237 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    $4,675,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3034332
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail residential properties

    Property Details for 206-208 Rivington St

    Year built
    1920
    Lot size
    0.09 lot acres
    Property size
    16,237 SF
    Zone code
    R7A
    Property type
    Retail residential properties
    APN
    00344-0072
    APU
    3440072

    Description

    This exceptional retail space at 206-208 Rivington Street in New York City's vibrant Lower East Side offers 400 square feet of versatile commercial space, ideal for a variety of businesses. Located in New York County, this multiple-tenancy property enjoys a highly desirable location, just off the Williamsburg Bridge, Delancey Street, and East Houston Street, ensuring high foot traffic and excellent visibility. The space features a significant 15-foot frontage with a large display window, maximizing street presence and attracting potential customers. The property is equipped with essential commercial features including venting and commercial refrigeration capabilities, making it particularly well-suited for food-related businesses such as a commissary or ghost kitchen. A staff bathroom adds to the convenience and functionality of the space. This turnkey solution provides an immediate opportunity to establish a thriving business in a bustling and dynamic neighborhood. The property's convenient location and practical amenities combine to create an attractive proposition for entrepreneurs seeking a well-equipped and strategically positioned retail space in one of New York City's most sought-after areas. The zip code is 10002. This is a rare opportunity to secure a prime retail location in a thriving area of New York City.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9828
    Latitude
    40.7186
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $196,580
    $495,000
    $1,077,390
    $1,572,390
    -
    $1,100,000
    $2,500,000
    $3,600,000

    Comparable in this City

    • Value Estimation
      $3,955,000
      12,076 SF

      259 Broadway

      STORES & APARTMENTS • 12,076 SF
      259 Broadway, New York, NY 10002-5613
      View Details
    • Value Estimation
      $5,245,000
      14,408 SF

      109-111 Delancey St

      STORES & APARTMENTS • 14,408 SF
      109-111 Delancey St, New York, NY 10002
      View Details
    • Value Estimation
      $9,070,000
      25,071 SF

      80 Delancey St

      STORES & APARTMENTS • 25,071 SF
      80 Delancey St, New York, NY 10002-3133
      View Details
    • Value Estimation
      $6,460,000
      24,853 SF

      47 Delancey St, Unit 53

      STORES & APARTMENTS • 24,853 SF
      47 Delancey St, New York, NY 10002-2939
      View Details
    • Value Estimation
      $3,435,000
      10,038 SF

      88 Division St

      STORES & APARTMENTS • 10,038 SF
      88 Division St, New York, NY 10002-6202
      View Details
    • Value Estimation
      $3,170,000
      264,633 SF

      165 Broome St

      STORES & APARTMENTS • 264,633 SF
      165 Broome St, New York, NY 10002-5795
      View Details

    Similar Nearby for Sale

    • $4,950,000
      0.05 Acres

      Mixed-Use Investment Opportunity, Brooklyn

      Mixed-use property with retail and residential units in prime location.
      195 Henry St, Brooklyn, NY 10002
      View Details
    • Contact for pricing
      16,312 SF

      Mixed-Use Corner Asset in Manhattan

      Mixed-use property with residential and commercial spaces in vibrant neighborhood.
      101 Delancey St, New York, NY 10002
      View Details
    • $4,495,000
      3,918 SF

      Rivington Street Mixed-Use Gem

      Lower East Side Retail Investment
      149 Rivington St, New York, NY 10002
      View Details
    • $3,300,000
      4,874 SF

      Prime NYC Mixed-Use Redevelopment

      10-Unit Condo Conversion Potential, High NOI
      205 Henry St, New York, NY 10002
      View Details
    • $8,000,000
      8,768 SF

      Lower East Side Mixed-Use Building

      High-potential, 14-unit investment property
      5 Eldridge St, New York, NY 10002
      View Details
    • $7,499,000

      Mixed-Use Property With 14 Units

      Mixed-use property featuring retail and residential units in New York.
      51 Orchard St, New York, NY 10002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,437 SF

      Mixed-Use Building with Commercial Units

      Three-story mixed-use building with retail and residential units.
      280 Grand St, New York, NY 10002
      View Details
    • Contact for pricing
      1,512 SF

      Prime NYC Retail Space Available

      1,512 SF Retail Space in NYC
      14 Clinton St, New York, NY 10002
      View Details
    • $124 SF/Yr
      1,500 SF

      LES Retail Space: Stanton Street

      Prime Lower East Side retail space available.
      on the LES Retail Spc On Stanton St, New York, NY 10002
      View Details
    • $196 SF/Yr
      250 SF

      Lower East Side Cafe Space

      High-traffic cafe, fully equipped, ready to operate.
      153 Ludlow St, New York, NY 10002
      View Details
    • $60 SF/Yr
      400 SF

      East Broadway Office Space

      400 sq ft Lower Level Office, All Uses Considered
      126 Broadway, New York, NY 10002
      View Details
    • $127 SF/Yr
      400 SF

      Chinatown Retail Space Available

      Prime Chinatown location, 400 sq ft.
      125 Madison St, New York, NY 10002
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    206-208 Rivington St
    New York, NY 10002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!