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
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