The Lower East Side non-profit group, New Life of New York City has decided to sell its three story building at 66 Clinton St. as a development site.
The real estate firm, CBRE, has the listing for the modest 4.340 square foot building and a neighboring vacant lot. CBRE says the site could accommodate a new 16,348 square foot project for residential and/or commercial development. Broker Dan Kaplan said a new property owner could, “create a boutique property that will meet the demand for high-end residential space in the neighborhood.” The site is next door to 50 Clinton St., the new condo project that replaced a strip of one-story commercial buildings.
New Life is a youth engagement organization. The group’s executive director, Efrain Figueroa Jr., released the following statement:
When we first opened our doors at 66 Clinton St. in the Lower East Side, it was an economically struggling area in need of an organization like New Life of New York City. After more than 20 years, the neighborhood has progressed significantly, and we’ve made a positive impact in the advancement of the local youth community, which we look forward to continuing through rented space and our various partnerships in the Lower East Side. We’re ready to move our organization into its next phase. By selling 66 Clinton, we’ll be able to expand into more boroughs, specifically the Bronx and Staten Island, where there is a tremendous need for programs that serve inner-city youth.
New Life has operated form the Lower East Side since 1993. Dan Kaplan, Timothy Sheehan and Justin Arzi are marketing the building for CBRE.