The CBRE team ofDan Kaplan,TimothySheehan and JustinArzihas been tapped to market and sell 66 ClintonStreet, athree-story,4,340-square-foot building andanadjacent vacant lot in the heart of Manhattan’s Lower East Side.Theproperty, which is currently owned by the non-profit organization New Life of New York City,allows for 16,348 buildable square feet of residential or commercial development.

“66 Clinton Street offers a developer the opportunity to build a mixed-use property in one of Manhattan’s most popular and sought-after neighborhoods,”said Kaplan, First Vice President at CBRE. “The Lower East Side is in the midst of a residential boom – projects likeEssex Crossing are bringingthousands ofnew units to market that are attracting investors and young professionals. The zoning on Clinton Street allows for more than 16,000 square feet of development, affording the ability to create a boutique property that will meet the demand forhigh-endresidential space in the neighborhood.”

New Life of New York City, whichengages New York City youth in healthy relationships throughacademics, arts, athletics and spiritualformation, has owned 66 Clinton Street, where it operates its Manhattan location,since 1993.

“When we first opened our doors at 66 Clinton Street in the Lower East Side, it was an economically struggling areain need of an organization like New LifeofNew York City. After more than 20 years, the neighborhood has progressedsignificantly,and we’ve madea positive impact in the advancement of the local youth community,which we look forward to continuing throughrented space andour various partnerships in theLower East Side,” said Efrain FigueroaJr., ExecutiveDirector of New Life. “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 Bronxand Staten Island, where there isa tremendousneed for programs that serveinner-cityyouth.”

66 Clinton Street sits in the heart of the Lower East Side, betweenRivingtonand Stanton Streets. The property is close to some of Manhattan’s most popularrestaurants, bars and hotels,including Beauty & Essex,Pig andKhao,Ludlow House,and Hotel Indigo’s Mr. Purple. Thesite is a short walk to the F, M, J and Z subway lines and easily accessible via the Williamsburg Bridge.

For more information about66 Clinton Street, contactDan Kaplan at 212.984.7124 //Daniel.kaplan@cbre.com, Timothy Sheehan at 212.984.8090 //timothy.sheehan@cbre.comor JustinArziat 212.984.7142 //Justin.arzi@cbre.com.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue).? The company has more than 75,000 employees (excluding affiliates), andserves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.? CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.? Pleasevisit our website at www.cbre.us.