Rebranded ‘Loft 88’ is the Latest Luxury ‘Rental Enclave’ to Hit Clinton Street

Posted on: September 12th, 2016 at 5:05 am by
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It took more than three years, but the ongoing remodeling activities at 86-88 Clinton Street have finally drawn to a close. Scaffolding and sidewalk bridge were removed from the latter back in the spring. Peering skyward, the glassy four-floor vertical enlargement is now visible in all its upper crust glory. Meet your newest luxury rental development, Loft 88.

Property records show that the housing stock of 88 Clinton Street is now at five, including a three-bedroom duplex penthouse rounding out the sixth and seventh floors. There is also a 1,617 square-foot commercial space on the ground level. Town Residential is the exclusive broker for each of the units, which range in price from $5,250 per month for a one-bedroom to $10,750 per month for the penthouse.

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The penthouse at “Loft 88”

Grab the barf bag for the bullshit broker-babble:

Welcome to Loft 88, a brand-new rental enclave providing gorgeous finishes, spacious floor plans and an unbeatable location in the heart of the exciting Lower East Side. An ultra-modern reinterpretation of a 19th century livery stables, Loft 88 includes seven meticulously crafted homes in a secluded, boutique backdrop.

Loft 88 residents enjoy virtual doorman and concierge services, a bike room and private storage cages. Set on Clinton Street between Delancey and Rivington, 88 Clinton Street is at the epicenter of the ultra-hip and historic Lower East Side — a neighborhood that embraces the past while giving rise to New York’s exciting future. Buzzy culinary hotspots Beauty & Essex and Dirty French stand alongside venerable institutions Russ & Daughters and Katz Delicatessen. New York City’s first underground park —The Lowline — is slated to open blocks away, and the massive Essex Crossing development will bring blocks of new retail, restaurant and entertainment to the area, including a new cinema complex and a revitalized and expanded Essex Street Market — the Lower East Side’s renowned gourmet public marketplace. The Delancey-Essex station, just two blocks away, provides effortless access to the F/M and J trains.

These two buildings at 86 and 88 Clinton were previously owned by the billion-dollar estate of William Gottlieb, whose portfolio includes over a hundred properties citywide. Seagram snatched both pre-war buildings for $4.5 million and $3.4 million respectively.

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Its adjacent sibling to the north, meanwhile, was likewise renovated. The new owners gutted several apartments and combined one residence with the former upstairs retail space. The remaining commercial footprint is also for lease.

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86-88 Clinton Street, December 2014

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