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

1,811 sqft
Sold: $998,000
Sold on 11/14/12
Zestimate®: $3,915,169
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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

 
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 />  MoreLess
Facts
  • Condo
  • Last sold: Nov 2012 for $998,000
  • Price/sqft: $551
Construction
  • # Stories: 8.0
Other
  • Floor size: 1,811 sqft
  • Parcel #: 04161106
  • Zillow Home ID: 69509942
Home Values
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$3,915,169
+$1,062,761 Last 30 daysd
$3.6M
$4.23M
Zestimate range
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$4,945/mo
+$686 Last 30 daysd
$2K
$9.9K
Zestimate range
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Neighborhood for 62 Rivington Street APT 3A

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Zillow predicts 10002 home values will increase 3.8% next year, compared to a 2% increase for New York as a whole. Among 10002 homes, this home is valued 362.6% more than the midpoint (median) home, but is valued 52.7% 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 87.5% less than in New York, and 99% less than the national average. This lower local number could help 10002 home values rise more quickly than other regions in New York.

Learn more about forecast calculations or 10002 home values.
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