Massey Knakal Realty Services has been retained on an exclusive basis to sell a mixed-use building at 98 Rivington Street (aka 133 Ludlow Street). The property is located on the corner of Ludlow and Rivington Streets on Manhattan’s Lower East Side. The asking price is $12,000,000.
The three-story building contains approximately 4,275 above grade square feet on a 25’ x 66’ lot, with one commercial and four residential units. The commercial tenant, a wine bar and restaurant, occupies the ground floor as well as the usable basement, with seating for diners and a full kitchen. The upper floors consist of four free market apartments and the residential tenants benefit from a large common roof deck. Furthermore, the property can take an additional two floors. Located on a prime Lower East Side corner, this property is perfect for a residential user as the upper floors can be delivered vacant.
“The offering presents an opportunity for both investors and end-users. Considering a portion of the building can be delivered vacant, we anticipate significant interest from groups looking to live or work in a portion of the space. In addition, the subject is located at the corner of Rivington and Ludlow Streets – one of the most sought after intersections on the Lower East Side,” said Massey Knakal’s Michael DeCheser, who is exclusively marketing this space.
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Neighborhoods: Lower East Side/ Agents: Michael DeCheser