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Adjacent Lower East Side Properties Offer Block-Through Opportunity

The tri-state investment sales group for Avison Young is marketing for sale 116 Elizabeth St. and 132 Bowery, two adjacent properties offering a block-through opportunity between Grand and Broome streets on the Lower East Side.

A team comprised of James Nelson, Brandon Polakoff, David Lawrence and Carter Lovejoy is seeking offers on behalf of ownership.

The property at 116 Elizabeth Street presents an opportunity to lease up a recently-renovated office building, while 132 Bowery is a development opportunity offering investors the potential to construct a 14,610± buildable square foot property in a heavily-trafficked location.

“This is a unique downtown Manhattan investment,” said Nelson. “Ownership has recently completed a gut renovation of 116 Elizabeth, transforming it into an ideal office property for the modern office tenant, and 132 Bowery is an older building perfectly-positioned for redevelopment.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Sale/Acquisition
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