Avison Young news: Find out the latest industry happenings

Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.

Avison Young offers blank-slate development opportunity at the crossroads of NoHo and East Village

Avison Young offers blank-slate development opportunity at the crossroads of NoHo and East Village October 11, 2023

A vacant lot at 42 Second Avenue offers potential for multifamily development opportunity

New York, NY Avison Young has been exclusively retained by Gemini Rosemont to bring a trophy redevelopment property located at 42 Second Avenue, at the crossroads of New York City’s energetic NoHo and East Village neighborhoods, to market. The 14,019-square-foot (sf) corner lot features 161 feet of frontage the corner of Second Avenue and Second Street.

The owners are represented by Charles Kingsley, Principal; James Nelson, Principal and Head of Tri-State Investment Sales; Brandon Polakoff, Principal and Executive Director of Tri-State Investment Sales; Erik Edeen, Principal and Director of Tri-State Investment Sales; and Eric Karmitz, Director, all based in Avison Young’s New York City office.

“We are thrilled to provide a rare chance to bring new ground-up development opportunities to the vibrant and culturally rich NoHo and East Village neighborhoods,” said Kingsley. “This property offers a virtual blank canvas that is ideal for multifamily development.”

Fully coordinated plans and drawings for the property call for approximately 136,000-sf of mixed-use development including residential, ground floor retail, and below-grade parking. The property also includes a clean, clear lot with vacant possession and pre-purchased off-site certificates.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2023 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.

For more information:

  • Download property photo here.

Media contact:

  • Nathan Reyna, Regional Media Relations & Content Specialist, Northeast: +1.917.877.1697 (o), 972.533.1396 (m)