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LES Mixed-Use Properties Come to Market
The tri-state investment sales group for Avison Young has gotten the assignment to sell two mixed-use properties on the Lower East Side. Asking price for each property is $5.5 million.
A six-story mixed-use building located at 87 Chrystie St., overlooking Sara D. Roosevelt Park, has four free-market and six rent-stabilized apartments, as well as a retail unit. The property’s gas and electric systems were recently updated.
Overlooking Columbus Park is 102 Bayard St., a five-story building with three free-market and 15 rent-stabilized apartments, as well as a vacant retail unit. The property also includes a large courtyard common outdoor space.
An Avison Young team comprised of James Nelson, principal and head of tri-state investment sales, along with directors Brandon Polakoff, Mitchell Levine and David Shalom, associate director Eric Karmitz and associate Bradley Rothschild, is marketing the buildings on behalf of the owner.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
