Avison Young, as exclusive agent, is pleased to offer for sale 102 Bayard Street, a 19-unit mixed-use building in the Lower East Side neighborhood of Manhattan. The Property features 18 apartments: three are free-market, 15 are rent-stabilized, and one is vacant. The Property contains a front building with eight sizeable apartments as well as a vacant retail unit, and the rear building contains 10 studio apartments. There is a large courtyard separating the buildings that can be used as common outdoor space. In addition, the Property’s gas and electric systems were recently updated and the units are individually metered.
The Property is located on the north side of Bayard Street, between Mulberry and Baxter streets. It overlooks Columbus Park, offering superior light and air. Throughout
its life, the dynamic park has undergone many changes and reconstruction. It hosts a wide variety of events and assemblies and continues to be a gathering place for people of different cultures and ages. Excellent transportation is available from the Canal Street Station and significant public and private investment in the neighborhood anchor the Property’s long- term desirability for residences and retailers alike.