15 Orchard Street Sold for $5.25M [Updated]

Posted on: February 16th, 2017 at 5:17 am by

15orchard

Last month, wholesale apparel shop T-Shirt Express was forced up the block to 29 Orchard Street. We learned at the time that the move was a function of the building being sold just weeks prior. Now comfortable in its new digs – way larger and less cluttered than the former – let’s take inventory of the old store.

Public records indicate that Tribeca resident Casandra Lilien (28 Hubert Street) scooped up the four-story building at the end of December for $5.25 million. The final price was more than a million dollars higher than the initial tag when it hit the market two years ago. A month after the transaction, T-Shirt Express was gone, and Lilien donated the space as temporary showroom for the Parsons MFA program.

Update: “[T-Shirt Express] came to us and asked to get out of their lease early without penalty and we agreed,” Lilien says. “It couldn’t have gone smoother.

Another entrant to the much-ballyhooed Orchard Street gallery district, and with it, an even further diminished return.

15orchard-gallery

Recent Stories

Taking a Quick Yo-Yo Break on the Bowery [VIDEO]

A contractor on the Bowery yesterday morning sure brought his Yo-Yo game… We watched this man, presumably on break from one of the myriad construction projects nearby, effortlessly swing around his Yo-Yo. (Get your mind outta the gutter.) Tangling and dangling the toy without messing up, either. Meanwhile, most pedestrians ambled past the sidewalk performer […]

‘Happy Wok’ on Endangered List as its Delancey Street Space Hits the Market for $13K

For a stretch of retail on borrowed time, 156-164 Delancey Street sure stays fresh with commercial turnover. Indeed, within the last eighteen months, a dollar pizza joint and Coco bubble tea dispensary signed leases. Not to mention, Boost Mobile and Cricket Wireless. However, one of the stalwarts on this low-rise block might soon fade into […]

Schiller’s Liquor Bar Neons Deposed from Rivington Street

It finally happened. Now one week removed from the closure of Schiller’s Liquor Bar, down comes the neon signage. Reader Mary Kalemkerian sent us the above image of the “Liquor Bar” signage deposed and sitting on the sidewalk in front of the restaurant. As previously reported, the fourteen-year-old bar succumbed to a substantial rent hike, […]

Shepard Fairey will Replace Joey Ramone with a Debbie Harry Mural on Bleecker Street

Yesterday afternoon, the two-year-old Joey Ramone mural was whitewashed from the Bleecker Street facade of Saxon + Parole. Two dudes were spotted erasing the artwork with a bucket of beige paint. But it apparently won’t stay blank for long. Word on the street is that Shepard Fairey is on deck to paint the replacement over […]

LES Crepes & Taqueria Wraps Around Hester Street with New Annex

LES Crepes & Taqueria just unveiled its newly improved eat space on Essex Street. Customers are now forced to enter the premises at the corner. No more ordering and waiting for food on the sidewalk. One of the workers explained his pleasure with putting the claustrophobia in the past. By breaking down the wall to […]