118 Orchard St Immeuble residentiel 31 lots 29 769 014 € (960 291 €/Lot) Taux de capitalisation 5,11 % New York, NY 10002

Cushman & Wakefield (“C&W”) has been retained on an exclusive basis to arrange the sale of the luxury apartment building at 86 Delancey Street (aka 118 Orchard Street), New York, NY 10002. Also named The Orchard, this 31 unit, 12-story building is located on the most sought-after street corner in the ever-expanding and exciting Lower East Side of Manhattan. Each of the 29 residential units has an amazing private balcony and a view of Manhattan’s beloved skyline, as well as access to a trendy rooftop terrace. 86 Delancey also includes 2 retail stores and billboard signage revenue. Construction was completed in April 2020. The building was built under 421A Tax Abatement program and enjoys a 35 year tax abatement. As a result, 9 units are under Rent Stabilization, and 20 units are Free Market. The apartment layouts include 3 three-bedroom units (including 2 Penthouse units), 24 oversized one-bedroom units, and 2 large studio units. The apartments enjoy high end finishes, generous layouts, panoramic windows, and more. The property presents a unique opportunity for a buyer to purchase a newer construction elevator building in a best-in-class location, at the epicenter of retail and tourism, in the Lower East Side of Manhattan.