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92 Rivington Street

Donnie D’Alessio's Comfortland Signs 10-Year Lease At 92 Rivington Street With Joseph Sitt
LEASEDRetail

Donnie D’Alessio's Comfortland Signs 10-Year Lease At 92 Rivington Street With Joseph Sitt

92 Rivington Street

Building Size

1,200 SF

Asset Type

Retail

Closing

Jun 6, 2025

AI

The asset is a retail property located at 92 Rivington Street in the Lower East Side market, featuring a total square footage of 1,200. The tenant is Comfortland, which is set to open its first Manhattan location at this address following a yearlong delay.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Lease Term: 10-year lease
  • Landlord: Joseph Sitt - Thor Equities
  • Tenant: Donnie D’Alessio - Comfortland
  • Broker: Thomas Galo - RTL Real Estate

This transaction marks a significant step for Comfortland, previously based in Astoria, as they expand their operations into Manhattan. The deal was facilitated by broker Thomas Galo of RTL Real Estate, representing the landlord Thor Equities in the leasing process.

Players

Thomas Galo

RTL Real Estate

Broker

12 deals

Broker
Joseph Sitt

Joseph Sitt

Thor Equities

Landlord

$1.1B

vol

37 deals

Landlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93