Bankruptcy Sale

71 Clinton Street, Manhattan, New York, NY 10002
$16,050,000
$16,050,000

Details

Bankruptcy Sale:

The subject property is a 7-story, mixed-use, walk-up building located on the corner of Clinton and Rivington Streets. The 15,472 Sq. Ft. building consists of two ground floor retail units and 22 residential units, and additional income from a wall sign on the Rivington side of the building.

The residential layout is made up of two units on the 2nd floor and four units on the 3rd through 7th floors. Of the 22 apartments, 16 are free market and 6 are rent stabilized. Note that building Certificate of Occupancy has record of 21 apartments, recording the 2nd floor units as one unit, however they’re currently bifurcated by a shut door. The two apartments on the 2nd floor are 3-bedroom units and approximately 1,100 Sq. Ft. The remaining floors each consist of four 2-bedroom units. The corner retail unit is currently being built-out to be utilized as a restaurant and is approximately 1,000 Sq. Ft with a lease expiration in 2025. The Clinton side retail is tenanted by Seoul Chicken and has a lease expiration in 2020.

Agents

  • ID: 7933
  • Published: November 15, 2015
  • Last Update: June 30, 2022
  • Views: 48