Real Estate

peace pentagon 339 lafayette

The Peace Pentagon on Lafayette Street Hits the Market Again as Development Opportunity

Last modified March 2, 2015 at 1:34 pm

For the second time in exactly five years, the storied Peace Pentagon on Lafayette Street, the decades-long haven of progressive activism owned by the AJ Muste Memorial Institute, is again on the chopping block. Price of the pitched development site is not listed (i.e. soliciting offers), but the last ask was pegged at $5.95 million. […]

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taqueria-closing

Taqueria Ends Its Tenure on Orchard Street; St. Mark’s Location Opens Thursday

Posted March 2, 2015 at 5:10 am

Hated landlord Ben Shaoul again wielded his metaphorical sledgehammer this weekend, knocking out another neighborhood establishment at the corner of East Houston and Orchard Streets. The latest victim of the massive purge is four-year-old Taqueria, having served its last burritos at 198 Orchard last night. Not surprising, though, as their departure was expected for months. […]

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113 Stanton St.

Mahfar Tenants at 113 Stanton Street Sue SMA Equities for Toxic Lead Levels 200 Times Legal Limit (Plus Asbestos)

Posted March 2, 2015 at 5:00 am

Oh, shit. Here we go again. For the second time in the last few years, battle-hardened tenants of an SMA Equities (aka Samy Mahfar) property on the Lower East Side are taking legal action. Those dwelling in 113 Stanton Street filed a lawsuit against the controversial landlord in New York City Housing Court on February […]

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orchard-hell-retail

Orchard Hell Building Retail Units Sell For $21M

Posted February 27, 2015 at 9:19 am

Ever since the branded sidewalk bridge arrived in October, the commercial retail in the base of the 23-story Orchard Hell Building has been dormant. Cushman & Wakefield is still pimping the properties – separate from the Hotel Indigo upstairs – for possible flagship usage. But now, a wrinkle in the story… The Real Deal reported […]

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Plywood Fence Arrives at Essex Market Buildings for Demolition Ahead of Essex Crossing

Posted February 27, 2015 at 5:00 am

It begins… The first plywood fence of the Essex Crossing mega-project just arrived, with the rear parking lot of 115 Delancey Street now cordoned off. Demolition of the one-story warehouse building is slated to commence early next week – likely Monday – and kick off more than a decade of dust and (additional) noise in […]

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essex-market

Heritage Meat and Brooklyn Taco Vacate Essex Market; EDC Blamed for Lack of Foot Traffic

Last modified February 26, 2015 at 9:16 am

The Essex Street Market is reportedly experiencing a steep nosedive. While prospects of a shiny new location within Essex Crossing loom (across Delancey, in fact), businesses currently operating in the trusty old warehouse are suffering from lack of foot traffic. According to recent reports, three vendors have expired since 2015 began. Year-old Essex Flowers closes […]

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Streets

libation-night

Rumor: SoHo House Buys Libation Building On Ludlow Street for $12.5M

Posted February 26, 2015 at 5:00 am

Rumor has it SoHo House just increased its Lower East Side holdings. SoHo House is still in the infant stage of converting the majestic 139 Ludlow Street to its newest members-only outpost. Demolition teams are inside on the regular, basically drilling the old foundation and pouring the new. It’s a huge job. A rooftop addition (what […]

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Former Home of G&S Sporting Goods on Essex Street Sells for $6.9M

Posted February 25, 2015 at 5:00 am

G&S Sporting Goods concluded its 77-year run on Essex Street at the end of 2014. News of its demise first arrived a year ago, but the store limped on until November. Its departure was another sad loss of mom-and-pop culture in an area swiftly becoming another extension of luxury. By the end of December, 43 […]

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Streets

99suffolk-listing

99 Suffolk Street Listed for $26M; Elements Preschool Takes Over Ground Level

Posted February 23, 2015 at 5:00 am

The Lower East Side Montessori School on Suffolk Street is calling it quits in the coming months. We hear that a new facility called Elements Preschool is currently in the process of taking over the space, and converting it into a “learning center” with a strong “emphasis on learning outside of the traditional classroom.” The […]

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Steve Croman, Photo: Daily News

City and State Join Forces to Combat Landlords Who Harass Rent Stabilized Tenants

Posted February 20, 2015 at 9:21 am

It’s about time. The powers-that-be are finally beginning to take notice and address the very serious matter of the city’s worst landlords. You know, the Mahfars, Cromans, Shaouls, Singers, Kushners, and Misrahis of the world. These men represent an undercurrent of greed, and are allegedly responsible for some heinous harassment of tenants. And now the […]

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