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Avison Young, as the exclusive agent, is pleased to offer for sale 148-150 Attorney Street, a newly-developed elevator building in the Lower East Side neighborhood of Manhattan.
Located on the east side of Attorney Street between East Houston and Stanton Street, the property is an ideal choice for a group looking to invest in one of New York City’s Opportunity Zones. Ownership is able to deliver the property just prior to completion (and can complete very shortly after deed transfer) so that a buyer can obtain a TCO and put the building into service, allowing them to qualify.
The Property features six large two-bedroom, two-bathroom apartments with 11’ floor-to-ceiling windows, secure elevator access to each floor and exceptional finishes
All units feature extensive private outdoor space. Each apartment could easily be converted to three bedrooms.
The property is next to Essex Crossing, a brand new 1.9 million-square-foot mixed-use development including 1,000 new residences, 400,000 square feet of office space and 450,000 square feet of retail spaces (including Target, Trader Joe’s and Regal Cinemas).
The Property qualifies as an Opportunity Zone investment
Brand new elevator building with first-class finishes and extensive outdoor space
Full-floor apartments with 2 Bedrooms & 2 Bathrooms
Tax Class 2A (affords limits on tax increases)
Large, floor-to-ceiling windows
Secured elevator access to each floor
Front & rear balconies
Private roof patios