530 East 5th Street

Investment Overview

Avison Young, as exclusive agent, is pleased to offer 530-532 East 5th Street (“Property”), a 38’ multifamily elevator property located on East 5th Street between Avenue A and Avenue B in the East Village neighborhood of Manhattan. East 5th street is an intimate, tree-lined street that embodies the characteristics that are making the East Village a budding rental and condominium conversion market.

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 units on the ground floor, a 1-bedroom 1-bathroom unit and a spacious 2,275+/- SF 2-bedroom 2-bathroom rear garden duplex with an incredibly designed three-tiered Zen garden, seven spacious 2-bedroom 2-bathroom units with private balconies on floors 2-5, and a lightfilled 3-bedroom 3-bath penthouse duplex with a private balcony and roof deck on floors 5 and 6. 

Investment Highlights

• 10 residential units, 100% Free Market
• Tax class 2B limits tax increases to 8% per year and 30% over five years
• Constructed in 2013 and exempt from Good Cause Eviction (GCE)
• 38-foot-wide elevator building with communal garden area and finished roof deck
• State-of-the-art luxury finishes: private balconies, key card access, video concierge
• Close proximity to the F train stop at 2nd Avenue and two blocks from Tompkins Square Park