Metrozen Inc. Sells Multifamily Property On Rivington Street In New York City For $6.8M

A multifamily property located at 157 Rivington Street in New York City has been sold for a price of $6,800,000. The property consists of 20 units, with an average price per unit of $340,000. The total square footage of the property is 8,240, resulting in a price per square foot of $825. The capitalization rate of the property is 6%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,800,000
• Address: 157 Rivington Street, New York City
• Market: New York City
• Units: 20
• Price per Unit: $340,000
• Total Square Footage: 8,240
• Price per Square Foot: $825
• Capitalization Rate: 6%

The seller of the property is Metrozen Inc., represented by Paul Jeanneret. The transaction was facilitated by brokers Eric Lupo, Joseph Smith, and Nadeem Haque from Friedman-Roth Realty.