Helm Equities receives TCO following construction of a 24-unit residential building in Lower East Side

David Escava of Helm Equities, on June 1, was issued a temporary certificate of occupancy for construction of a 24-unit, 20,794-square-foot residential building at 86 Delancey Street in Lower East Side.

The plans, pre-filed September 30, 2014, call for the construction of a 120-foot tall, 12-story, residential building.

The project is described in the filings as: demolition of existing two-story commercial building and construction of a new 12-story mixed-use building to include commercial on the first two floors with residential above.

The plans show that the ground floor will have two retail spaces, totaling 5,769-square-feet, along with a residential lobby. Apartment units will be located on floors two through 12. Units on floors three and 10 through 12 will have access to terraces, while the roof will add additional outdoor recreational space. The average unit size will be just under 1,000-square-feet.

The location was previously occupied by the old Moscot eyeglass story, which operated there for 77 years.

The architect listed on file is SWA Architecture.

The property was acquired for $4.8 million on May 30, 2012.

Direct link to Acris document.LINK

Direct link to DOB document.LINK

Direct link to C of O document. LINK

Share this article