62 Rivington St APT 3A, New York, NY 10002

-- beds-- baths1,811 sqft

Sold: $998,000
Sold on 11/14/12
Zestimate®: $2,643,815
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My Notes

Ground Fl Commercial Space for Sale (perfect for medical offices) (Lower East Side)<br />Property Description: This space is perfect for medical offices. Dental center just moved in to the neighboring space. <br />Ground Floor, Brand New Commercial Condominium. This is a ground floor space with access from the street.1,811 gross area square ft. and 1,390 unit exclusive use area square ft. This mixed use unit can be used for any legal commercial purpose subject to zoning restrictions. The unit has very low carrying charges and has applied for a 10 year 421A Tax abatement. Estimated Monthly common charges are $444.71 Real Estate Taxes w/ 421A benefits are $796.75 per month. Without the 421 benefits taxes are: $1038.12 per month. <br />Location Description: <br />Location is in one of Manhattan's most dynamic neighborhoods. With several large development projects underway in the immediate vicinity; including but not limited to the New Avalon Chrystie Luxury rental development which will contain a Whole foods Gourmet Grocery Store and high end retail. Another new development in the area worth mentioning is the new Hotel on Rivington; a 26 story glass tower situated in the heart of Manhattan's hip and Historic Lower East Side, All just steps away from this commercial ownership opportunity. <br />Michael Crespo <br />Citadel Property Management <br />646-654-0722 Phone <br />646-654-0723 Fax <br />  More Less 


  • Condo
  • Last sold: Nov 2012 for $998,000
  • Price/sqft: $551


  • # Stories: 8.0


  • Floor size: 1,811 sqft
  • Parcel #: 04161106
  • Zillow Home ID: 69509942

Zestimate Details

A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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-$99,411 Last 30 days
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Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

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-$77 Last 30 days
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Market guide

Zillow predicts 10002 home values will increase 3.3% next year, compared to a 3.4% rise for New York as a whole. Among 10002 homes, this home is valued 195.1% more than the midpoint (median) home, but is valued 57.4% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 10002, the number of foreclosures waiting to be sold is 260.4% greater than in New York, and 14.2% less than the national average. This higher local number may prevent 10002 home values from rising as quickly as other regions in New York.

Learn more about forecast calculations or 10002 home values.
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