This is a
rare opportunity to complete the development of a sixteen story, 98 key
hotel with amazing permanently unobstructed views. The ground floor will
be occupied by the hotel lobby and the potential for multi-level
integrated food and beverage or retail with almost 200’ of frontage on
Rivington, Orchard and Allen Street in the Lower East Side. The cellar,
which extends under 77 and 79 Rivington, has high ceilings which could
accommodate events. The hotel features spectacular city views from the
upper floors, and has the potential for a roof top lounge. Located on
Rivington Street between Allen and Orchard Streets, there is also a 5
story mixed-use contiguous walk-up building which has 16 residential
rent stabilized units and one vacant retail store that represents
tremendous upside. A ground floor at 77 Rivington and a contiguous
vacant lot located at 79 Rivington Street could be combined to enlarge
the food and beverage space of the hotel. This is an excellent
opportunity for an investor or developer looking to complete a boutique
hotel to expand their presence into the New York City market.
Click here for listing details.
Neighborhoods: Lower East Side