Real Estate

Michael Shah Spent $19M on this Hell Square Tenement Building

Posted January 19, 2018 at 5:11 am

On Wednesday, we reported that Michael Shah (Delshah Capital) picked up the Hell Square tenement at 138 Ludlow Street. With the transaction now public, it appears the controversial landlord paid $19 million for the property. Spending that kind of coin on a pre-war walkup means one thing. The requisite upscaling to luxury living. “Despite its […]

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Bowery Landlord Must Fix Unstable Staircase within 2 Weeks, City Says

Last modified January 19, 2018 at 4:25 pm

Controversial landlord Joseph Betesh must fix the destabilized staircase inside 85 Bowery within two weeks, the city stated yesterday after dozens of tenants were evacuated from their homes. As part of the ongoing legal case between Betesh and the tenant association here, the State Supreme Court yesterday afternoon ordered a city inspection of the property. Apparently, the […]

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Streets

Breaking: DOB Evacuates Embattled Betesh Tenants from 85 Bowery

Last modified January 19, 2018 at 3:58 pm

Down on the Bowery, total pandemonium right now as the authorities just evacuated the embattled tenants of 85 Bowery. Apparently the primary staircase is destabilized due to purported neglect, and a vacate order subsequently issued. This sudden liquidation follows a month after the state Department of Homes and Community Renewal (DHCR) determined that apartments in […]

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Streets

Sprint is Opening a Mobile Store in the Base of Blue Condos on Delancey

Posted January 18, 2018 at 5:07 am

Sprint is making a comeback on Delancey Street. The mobile carrier is opening a new retail store in the nine-months-dormant cornershop at the base of the Blue condo building. It’s a homecoming of sorts for Sprint, which has been on and off the thoroughfare several times over the years. Most recently, a half-assed counter inside […]

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The Last Parking Lot on Delancey Street is Locked Up for Essex Crossing

Posted January 18, 2018 at 5:00 am

And there it goes. The last of the Delancey Street parking lots – effectively created in the aftermath of the controversial SPURA slum clearance fifty years ago – is now gated and cleared. Passenger vehicles were given notice of the closure a couple months ago. Removal from the Essex Crossing lot (Site 3) – between […]

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This 77-year-old Essex Market Building is Now a Pile of Rubble [PHOTOS]

Last modified January 17, 2018 at 12:53 pm

Another Essex Street Market facility – first constructed in 1940 – is getting pulverized as we speak. For the last month and change, a demolition crew has been active in dismantling the half-block-long warehouse building at 140 Essex Street (aka Site 8). Staring beyond the black death shroud, it’s clear that most of the structure […]

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Streets

Michael Shah Scoops up 138 Ludlow Street in Hell Square

Posted January 17, 2018 at 5:00 am

Fresh off the failed bid to score a liquor license for Dos Cientos, news comes down the pike today about landlord Michael Shah acquiring a Hell Square walk-up building. His DelShah Capital firm reportedly purchased 138-140 Ludlow Street under the shell company “DS 138 Ludlow LLC.” The sale just closed, so final price has yet […]

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Hell Square Hell: Inside 151-153 Ludlow Street During Slate’s Luxury Conversion [Updated]

Last modified January 19, 2018 at 7:33 am

[Updated below] It’s construction hell for these Hell Square tenements. The side-by-side properties comprising 151-153 Ludlow Street are together amidst an upgrade, with tenants apparently in the crossfire. Another play on the same old song and dance. Rivington House co-owner Slate Property Group purchased the two buildings for $12.5 million over the summer and plotted […]

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City Approves 12-Story Provident Loan Bank Development on East Houston

Posted January 16, 2018 at 5:00 am

Any fading hope for a landmarked Provident Loan Society building on East Houston was dashed two weeks ago when the city approved plans for its redevelopment. Despite grassroots support to protect the century-old structure – and backing from Community Board 3 in December 2015 – no such designation ever transpired. Instead, its longtime owners, Elsa and […]

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Developers of Senior Housing at Synagogue Site Admit Surprise by Mayor’s Rivington House Renege

Posted January 11, 2018 at 5:13 am

On Tuesday, Mayor de Blasio shocked the community when he reneged on the year-old promise to bring affordable senior housing and health care facility to 30 Pike Street. This project on a city-owned parcel (currently for Department of Environmental Protection) was supposed to have been an olive branch after screwing the Lower East Side out of […]

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