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159 Rivington Street

Noah Kossoff Of Avison Young Represents Sale Of Mixed-Use Property At 159 Rivington Street For $5.4M
SOLDMixed-use

Noah Kossoff Of Avison Young Represents Sale Of Mixed-Use Property At 159 Rivington Street For $5.4M

159 Rivington Street

$5,400,000

$565/SF

Building Size

9,550 SF

Asset Type

Mixed-use

Closing

Sep 19, 2024

AI

A mixed-use property located at 159 Rivington Street in the Lower East Side has been sold for $5,400,000. The asset encompasses a total of 9,550 square feet, translating to a price per square foot of $565.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,400,000
  • Address: 159 Rivington Street
  • Market: Lower East Side
  • Square Footage: 9,550 SF
  • Price per Square Foot: $565
  • Broker: Noah Kossoff - Avison Young

Noah Kossoff from Avison Young represented the transaction in this deal, highlighting his role as the broker for the sale of the property.

Players

Noah Kossoff

Avison Young

Broker

$385.1M

vol

35 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93