Prime Corner Location | Package of Four Mixed-Use Buildings
Corner Development Site with 91,969 Buildable SF within an Opportunity Zone
The New York City multifamily market continues to experience low transaction and dollar volume as a result of the Housing Stability and Tenant Protection Act of 2019 and the ongoing Covid-19 pandemic. The good news is that New York City is coming back with tailwinds that include lower vacancy rates, fewer rental concessions, better collections, and significantly higher price discovery in the multifamily sector.
Package of 2 Mixed-Use Buildings:
A package of two walk-up buildings located in the neighborhood of NoLita, on Elizabeth and Mulberry Street. The two buildings total 22,845 gross square feet and 35 total units, of which 32 are residential and 3 are commercial.
New Construction - Vacant Office Building:
11 Herkimer Place
This newly constructed product boasts a beautiful brick façade, roughly 9’ tall windows to allow natural light, terraces accessible by the second floor, and a roof deck. The property contains a passenger elevator that leads directly from the garage to the second and third floors.
Prime Corner Mixed-Use Building with Air Rights:
597-601 2nd Avenue
597-601 2nd Avenue is a mixed-use building located on the southeast corner of 2nd Avenue and 33rd Street in the Kips Bay neighborhood of Manhattan. It's a three-story, 2,700 square foot walk-up building consisting of one retail and two free-market residential units.