Avison Young, as exclusive agent, is pleased to offer 530-532 East Fifth Street ("Property") between Avenue A and Avenue B in the East Village neighborhood of Manhattan. The 11,500± square foot property is a sleek 10-unit luxury elevator building with a communal garden grill area and finished common roof deck with stunning northern views. The building features two one-bedroom apartments on the ground floor (rear unit is duplexed into lower level with an additional bathroom and a three-tiered Zen garden), seven spacious two-bedroom two-bathroom units with private balconies on floors two-five, and a light-filled three-bedroom three-bath penthouse duplex with a private balcony and roof deck on floors five and six. Built in 2013 with high quality, energy efficient materials, the property features condominium-level finishes which include, but are not limited to, reclaimed oak wood flooring from western Pennsylvania, Anderson Thermopane windows with built-in window treatments, solid core oak doors, Caesarstone countertops, deep extraction American slate kitchen and bathroom floors, in-unit washers and dryers, as well as a video concierge and security throughout the building. The property is not affected by the recent passing of the Housing Stability and Tenant Protection Act. 530-532 East Fifth Street presents a potential investor with an opportunity to acquire a high cash flow, low maintenance asset or alternatively, generate a favorable spread by way of a condominium conversion.
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