Prime Investment Opportunity on the Lower East Side
Address: 149 Rivington Street, New York, NY, 10002
Price: $4,495,000 ($1,147.27/SF)
Type: 2-Star Storefront Retail/Residential
Cap Rate: 5.44%
Sale Type: Investment
Overview:
Situated in the vibrant Lower East Side, 149 Rivington Street presents an exceptional investment opportunity with a blend of retail and residential space. This 3-story, Class C masonry building offers a gross leasable area (GLA) of 3,918 SF, with a typical floor size of 1,306 SF. The property’s prime location in the Central Business District and a strong cap rate of 5.44% make it an attractive choice for savvy investors.
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Key Features:
Prime Lower East Side Location:
Positioned in one of Manhattan’s trendiest neighborhoods, 149 Rivington Street is surrounded by a vibrant mix of retail, dining, and nightlife. This high-traffic area ensures excellent visibility and strong demand for both retail and residential tenants.
Mixed-Use Potential:
The property’s storefront retail and residential layout provide diverse income streams, reducing investment risk and enhancing profitability.
Solid Construction:
Built with masonry construction, the property is durable and low-maintenance, offering long-term value and stability.
Strong Income Potential:
With a competitive cap rate of 5.44%, this property offers consistent cash flow and a solid return on investment.
Efficient Layout:
Each of the three floors provides 1,306 SF of functional space, suitable for a variety of retail and residential configurations.
Highlights:
- GLA: 3,918 SF across three stories
- Mixed-Use: Storefront retail and residential units
- Location: Central Business District in the bustling Lower East Side
- Cap Rate: Strong 5.44%, ideal for steady cash flow
- Construction: Masonry for durability and reduced maintenance
This is a rare chance to own a mixed-use property in one of Manhattan’s most dynamic neighborhoods. Contact us today for more details or to schedule a tour of this promising investment opportunity!
