299 East 8th Street

Jones Lang Lasalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of 299 East 8th Street (“The Property”), a 18,732 square foot multifamily building located on the north side of East 8th Street between Avenue B & Avenue C in the heart of the East Village. The property has 30 residential units which are 46% free market and 54% rent stabilized. Four of the units are one bedroom and 26 of the units are two bedrooms. Situated in the East Village, the Property is located in one of the most desirable pockets in Lower Manhattan for young professionals, and presents an investor a unique opportunity to undergo significant value-add renovations to drive building value.

299 East 8th Street sits at the center of the East Village, steps from the iconic Tompkins Square Park. The park has a dog park, skatepark, grassy areas, a playground, and basketball courts. Additional greenery can be found at the 9th Street Community Garden which is a block to the east of the Property. Nearby notable nightlife institutions include the Blind Barber, 7B Horseshoe Bar, The Wayland, and Please Don’t Tell among many others. Tompkins Square Library also lies two blocks away. Popular nearby restaurants include Gnocco, Pardon My French, Café Mogador, and Mokyo. The East Village is renowned as the preeminent downtown neighborhood. Many of the 51,000 students that attend NYU also choose to live in the East Village. Seamless access to the nearby 6 train at Astor Place or the First Avenue L stop are minutes from Union Square with service to the 4 5 N Q R W L which provides access to the west side of Manhattan, Midtown and Brooklyn.