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126 Rivington St
New York, NY 10002
Multifamily Property For Sale
·
7 Units
Executive Summary
JLL has been retained to arrange the sale of 126 Rivington Street, a six-story,
6,550 gross square foot mixed-use building located on the Lower East Side.
The Property is configured as six (6) free market apartments over one (1)
retail space on the ground floor. The unit mix features two (2) two-bedroom
units and four (4) three-bedroom share-style units. The retail component is
100% leased with approximately eight years of term remaining.
The free-market residential units offer compelling value-add upside through
strategic renovations. The building features solid base building condition with
legacy unit interiors that will benefit from modernization. The share-style
three-bedroom units are particularly well-positioned to capture rent growth
while providing a natural hedge against Good Cause Eviction regulations.
126 Rivington Street is located in the heart of the Lower East Side, one of
Manhattan's most dynamic and historically significant neighborhoods known
for its vibrant cultural scene, diverse dining options, and thriving nightlife.
The Property benefits from exceptional transportation connectivity, situated
within a two-minute walk of four subway lines—the F M J Z trains—
providing seamless access to all of Manhattan and outer boroughs.
6,550 gross square foot mixed-use building located on the Lower East Side.
The Property is configured as six (6) free market apartments over one (1)
retail space on the ground floor. The unit mix features two (2) two-bedroom
units and four (4) three-bedroom share-style units. The retail component is
100% leased with approximately eight years of term remaining.
The free-market residential units offer compelling value-add upside through
strategic renovations. The building features solid base building condition with
legacy unit interiors that will benefit from modernization. The share-style
three-bedroom units are particularly well-positioned to capture rent growth
while providing a natural hedge against Good Cause Eviction regulations.
126 Rivington Street is located in the heart of the Lower East Side, one of
Manhattan's most dynamic and historically significant neighborhoods known
for its vibrant cultural scene, diverse dining options, and thriving nightlife.
The Property benefits from exceptional transportation connectivity, situated
within a two-minute walk of four subway lines—the F M J Z trains—
providing seamless access to all of Manhattan and outer boroughs.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 7 | Lot Size | 0.03 AC |
| Property Type | Multifamily | Building Size | 6,250 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 1900 |
| Zoning | R7-2 | ||
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 6,250 SF |
| No. Stories | 6 |
| Year Built | 1900 |
| Zoning | R7-2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
Property Taxes
| Parcel Number | 0354-0034 | Improvements Assessment | $814,380 |
| Land Assessment | $158,452 | Total Assessment | $972,832 |
Property Taxes
Parcel Number
0354-0034
Land Assessment
$158,452
Improvements Assessment
$814,380
Total Assessment
$972,832
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