Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the court-ordered long-term lease of 77-79 Rivington Street, located on the corner of Rivington and Allen Streets on Manhattan’s Lower East Side.
The approximately 2,889 square foot lot features a total of approximately 114 feet of frontage, with 77 feet on Allen Street and 37 feet on Rivington Street, offering the possibility of excellent retail frontage. A portion of the basement has already been excavated as part of the neighboring 16-story hotel development at 139 Orchard Street.
This offering represents an excellent opportunity to take advantage of a strong retail market in one of the fastest growing neighborhoods in Manhattan. Neighboring retailers include Red Mango, Sweet Buttons, Goodfella’s, Russ & Daughters, Longboard Loft, and Tokyo Rebel. In addition, it is within three blocks of the F train at Delancey Street and the J, M, and Z trains at Essex Street, as well as the Essex Crossing development.
“The 1.9 million square feet of residential, commercial, and community space that will be available at Essex Crossing in the coming years will also have a tremendous impact, not only for the retail space at 77-79 Rivington, but the neighborhood as a whole,” said Cushman & Wakefield’s James Nelson, who is exclusively marketing this property with Michael DeCheser. “There are two hotels in progress on this block, which will increase the already vibrant foot traffic,” said Michael DeCheser.
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Neighborhoods: Lower East Side/ Agents: Michael DeCheser