105 Rivington StNew York, NY 10002

Property Details for 105 Rivington St

Year built

1990

Lot size

0.06 AC

Property size (Sq ft)

6,400 SF

Zone code

C44A

Property type

Retail residential properties

APN

00410-0047

APU

4100047

Description

This exceptional 2,000-square-foot retail space is located at 105 Rivington Street in Manhattan's vibrant Lower East Side. Situated on the second floor, this single-tenant property boasts a dedicated entrance ensuring high visibility and accessibility for customers. The space is currently vacant and ready for immediate occupancy, offering a blank canvas for a wide array of retail or office uses. Its strategic location offers significant advantages. The property is adjacent to the newly renovated Hotel on Rivington and neighbors the recently opened Tigre speakeasy, a popular nightlife destination. This proximity to established businesses and a thriving social scene provides immediate access to a dynamic and densely populated customer base. The building's location within New York County, specifically in the 10002 zip code, places it within a highly sought-after area known for its unique blend of historical charm and modern energy. The flexible layout of the 2,000 square feet allows for customization to suit a variety of business needs, making it an ideal opportunity for a discerning tenant seeking a prominent presence in a rapidly evolving neighborhood. This is a rare chance to establish a business in a location with exceptional foot traffic and brand recognition potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,312,058

  6.5%

  $1,211,130

  7%

  $1,124,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,296,147

  Geo Method

  $1,296,147

• Alternative Use

  Use

  Valuation

  Residential

  $1,211,130

  Hospitality

  $1,109,389

  Educational

  $922,998

  Medical

  $954,742

  Retail

  $1,435,776

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7198

Longitude

-73.9882

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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