121 DIVISION STREET

For Sale - Manhattan - Lower East Side

$5,950,000

Net Operating Income: $217,534

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Key Details

Property Type
Mixed Use
Neighborhood
Lower East Side
Property Dimensions
26.0 x 51.0
Property Area
4,050 sq.ft.
Total Units:
3
Stories:
3
NOI
$217,534
Price
$5,950,000
Price Per Unit
$1,983,333
Cap Rate
3.7%

Listing Description

Cushman and Wakefield has been retained on an exclusive basis to arrange the sale of 121 Division Street, a mixed use building between Orchard and Ludlow Street, NYC. The building has a new restaurant on the ground floor and 2 floor-through units above. The retail tenant is Kiki’s, a popular neighborhood restaurant (original location across the street) (LXP 2026). The 2nd floor is a 2 bedroom, 2 bathroom unit, with exclusive backyard access, which will be delivered vacant at closing. The 3rd floor is a gut renovated apartment designed and remodeled by famous designer Peter McGrattan in 1996.

Property Details

Block/Lot:
283/88
Lot Dimensions
26.33 x 63.0
Lot Area
1,573 sq.ft
Zoning:
C6-2
FAR as Built:
6.02
Max FAR:
6.02
Bryan HurleyCushman & Wakefield
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
150 EAST BROADWAY$6,350,00006/15/2018Mixed Use
38 CANAL STREET$5,250,00005/30/2018Mixed Use
38 LUDLOW STREET$7,100,00005/09/2018Mixed Use
185 EAST BROADWAY$6,100,00003/28/2018Mixed Use
168 SUFFOLK STREET$12,820,00003/09/2018Mixed Use
175 LUDLOW STREET$10,000,00002/09/2018Mixed Use
138-140 LUDLOW STREET$18,900,00001/16/2018Mixed Use
51 ORCHARD STREET$5,300,00001/12/2018Mixed Use
15 ORCHARD STREET$5,250,00012/22/2016Mixed Use
349 GRAND STREET$3,600,00010/14/2016Mixed Use