The Reel

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A blog for breaking sales and neighborhood real estate news.

A six-story mixed-use building at 42 Clinton Street located between Stanton and Rivington Streets in Manhattan’s Lower East Side neighborhood was sold in an all cash transaction valued at $3,125,000

The building is approximately 11,350 square feet and sits on a 25’ x 100’ lot. The building is 60% vacant. There is a short terms tenant in the retail space on the ground floor and the remaining floors contain a total of 22 rent stabilized units. Ten units are occupied and twelve units are vacant. Of the 22 units, five of them are combined units. The property traded for approximately $275 per square foot.

Neighborhoods: Lower East Side/ Agents: Michael DeCheser