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155 Rivington St
New York, NY 10002 Lower East Side

$8,400,000 USD

Apartments For Sale • 8,800 SF

Property Details

Property Type Apartments
Total Building Size 8,800 SF
Lot Size 0.05 AC
Building Class C
Year Built 1910
Cap Rate 5.67 %
Tenancy Multiple
Zoning R7-A

100 Transit Score

100 Walk Score

                
                    Highlights
                
                                Fully Free Market Mixed Use Building in Lower East Side 
                            
                                Fully deregulated, statutorily free market asset following office-to residential conversion
                            
                                Efficient expense profile, with tenants responsible for heat and hot water; approximately 18% tax expense ratio
                            
                                Mark-to-market opportunity in the retail component, with current rent negotiated during the COVID-19 pandemic
                            
                                Recently constructed asset with minimal anticipated capital expenditures

Property Flyers

155 Rivington Street OM (Lower East Side)

Cap Rate:

5.67 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Delilah NYC
Rivington F&B LLC
St Jerome's Bar
Whit Fit NYC		8/31/2032

Amenities

Air Conditioning
Heating
Kitchen
Oven
Range
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
9 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	6 min	-	1.7 mi
Christopher St (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	6 min	-	1.7 mi
Transit/Subway	Drive	Walk	Distance
Delancey Street (F - New York MTA Subway (The Subway))	1 min	4 min	0.2 mi
Essex Street (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	1 min	4 min	0.2 mi
East Broadway (F - New York MTA Subway (The Subway))	2 min	10 min	0.5 mi
Lower East Side-2 Avenue (F - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
Grand Street (B,D Line) (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway))	2 min	12 min	0.6 mi
Airport	Drive	Walk	Distance
LaGuardia	19 min	-	9.3 mi
Newark Liberty International	21 min	-	12.9 mi
John F Kennedy International	30 min	-	17.5 mi

Justin Zeitchik 718-360-8827 Investment Property Realty Group

155 Rivington St New York, NY 10002 Lower East Side