The East Village Collection

Jones Lang LaSalle ("JLL") has been exclusively retained to arrange the fee simple sale of the EV Collection (the "Portfolio" or the "Properties"), a 3-building portfolio comprising 39 residential units and 9,595 square feet of fully leased ground floor retail space. The Portfolio is strategically concentrated within two blocks in the East Village, one of New York's most desirable downtown submarkets.

The Portfolio consists of a diverse unit mix including one, two, three, and four bedroom units. 87% of the units are fair market and feature updated kitchens and bathroom finishes. The retail component is 100% leased to neighborhood-favorite tenants including Gelatovile, East Village Florist, and Pasta De Pasta. All of the buildings benefit from protected Class 2B tax status due to their smaller unit count, providing protection from significant property tax increases. Additionally, none of the buildings are subject to Local Laws 11 or 97, eliminating costly compliance requirements.

The Properties are conveniently located within walking distance of Union Square Park, Washington Square Park, and Tompkins Square Park and provide direct access to multiple subway lines (L, N, Q, R, W, 4, 5, 6, and M). The Portfolio's concentrated footprint, with all properties within two blocks, enables streamlined management and operational efficiency. Limited new construction in the East Village continues to drive market rent growth, as the submarket attracts well-educated, high-income tenants. This rare opportunity allows investors to acquire a high-quality, predominantly fair market portfolio with built-in operational efficiencies in one of New York's highest-growth submarkets. All inquiries should be directed to JLL.