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Type:
Mixed Use
Sq Ft:
8,800
Units:
Property Description
Investment Property Realty Group, LLC is pleased to present the exclusive offering of 155 Rivington Street, a fully deregulated mixed-use asset located in the heart of Manhattan’s Lower East Side. The property is offered at $8,400,000, representing a 5.67% going-in cap rate.
The building spans approximately 8,800 square feet and consists of six free market residential units and one ground-floor retail space. Originally converted from office to residential use, the property features a desirable unit mix of two-bedroom/one-bath and four bedroom/two-bath layouts, catering to strong rental demand in the submarket.
The approximately 2,200 square foot retail space is leased to WhitFit NYC, a boutique infrared fitness and Pilates studio with a loyal and growing membership base. The tenant has a long-term lease in place through August 2032, providing stable and predictable income.
Situated just steps from the J, M, Z, and F subway lines, 155 Rivington Street is surrounded by the Lower East Side’s vibrant dining, nightlife, and retail corridors. The neighborhood continues to experience strong residential demand and increasing institutional interest, driven by ongoing luxury development and its prime downtown location. 155 Rivington Street presents investors with a
compelling opportunity to acquire a fully free market asset with stable in-place cash flow and meaningful upside potential.
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Block & Lot:
00348-0017
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Neighborhood:
Lower East Side
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Cross Streets:
Suffolk Street & Clinton Street
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Building Dimensions:
22 ft x 100 ft
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Lot Dimensions:
22 ft x 100 ft
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Units:
7
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Total Approx. SF:
8,800
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Zoning:
R7A
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FAR:
4.0
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Tax Class:
2B
Exclusive Agents
Featured Listings
West Village, Manhattan, New York
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