Real Estate

sunshine-hotel-bowery-2014

Sunshine Hotel on the Bowery is Downsizing for Commercial Loft Conversion

Last modified August 27, 2014 at 9:15 am

The Sunshine Hotel, one of the last operational flophouses on the Bowery, is downsizing. The SRO, which straddles three contiguous buildings near Stanton Street, will lose a third of its footprint to office space. Looks like Sunshine owner Roseann Carone finally got her wish to liquidate 241 Bowery. Six years ago the Department of Housing […]

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135 Bowery Replacement Shows Off Its Shiny New Brickwork

Posted August 26, 2014 at 6:00 am

Herewith, an update on that new construction that replaced the Federal-style rowhouse at 135 Bowery. The property is three years in the making, with construction having kickstarted roughly eight months ago after a lengthy holding pattern. Whatever might have remained of the original structure is no longer recognizable, if even there at all. Instead, we now […]

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Lucky Star Bus Moving to New Location on Canal Street

Posted August 25, 2014 at 6:04 am

The DOT ruled two months ago to reject the Diaspora bus company’s application to operate inside the old Fung Wah depot at 139 Canal Street. Much of the issue centered on how a bus stop here would adversely affect the Mahayana Buddhist temple next door. Well, it seems there wasn’t much opposition from on high about the Boston-based […]

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Owner of 242 Elizabeth Drops $5.9M on Six-Story Addition; Work Begins this Fall

Posted August 22, 2014 at 6:02 am

It goes like this. Owner buys one-story property in Nolita; owner sits on property for seven years; owner finally realizes the value of his property. Brief story, but the truth of the matter over at 242 Elizabeth Street. Architect Ron Ervolino, artist and el jefe of the Ervolino Group, bought the one-story building in 2007 […]

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Margaret Chin in support of tenants' rights, Photo: Margaret Chin

Gov. Cuomo Subpoenas Marolda Properties for Tenant Harassment in Chinatown

Posted August 22, 2014 at 6:00 am

Public officials are finally recognizing the enemies besieging rent regulated tenants all around the Lower East Side and Chinatown. At least partially. While Steve Croman is investigated (and sued) for harassing rent-regulated tenants, another controversial landlord is in hot water. Marolda Properties is accused of similar tactics at three of its Chinatown properties, including ongoing […]

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Rat Castle Condos on the Way to Upper Ludlow Street

Posted August 21, 2014 at 5:33 am

It’s been a long time coming, but Rat Castle condos are finally at hand. Seems the developer unfurled a three-story banner and other plywood advertising at 179 Ludlow Street yesterday afternoon. The placement arrives four months after work resumed at the perennial project site. Indeed, the infamous seven-story development has been rotting away before our very […]

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Ricky’s Opening a Halloween Outpost at 250 East Houston

Posted August 20, 2014 at 6:08 am

It’s the time of the season for pop-up Halloween stores; two months early, mind you. In due course, the Lower East Side will welcome a temporary Halloween outpost courtesy of Ricky’s. Signage was just installed in the windows of 250 East Houston, which previously hosted Sleepy’s before its move next door. This particular location in […]

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100 Norfolk Offers ’38 Units and 100 Reasons’ to Cringe

Posted August 20, 2014 at 6:04 am

The project site at 100 Norfolk Street now boasts branded plywood wrapping for the eventual mess of construction to debut here shortly. Helmed by Adam America Real Estate and the Horizon Group, the 12-story development now carries the cringeworthy tagline of “38 units 100 reasons” to be here. A new website also just went live, but […]

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Rendering of 155 Attorney St., Photo: Midtown Equities

7-Story Luxury Rentals at 155 Attorney Street Will Look Like This

Last modified August 22, 2014 at 5:21 pm

Behold, the first rendering of the new 155 Attorney Street. This incoming seven-story luxury rental building is germinating on the site previously occupied by the Plantains Wholesale Beer warehouse. The image does its best to hide the very commercial nature of this sleepy block. Midtown Equities, which actually acquired Soho House last year, purchased 155 […]

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Foley Gallery Space on Allen Street is Up for Grabs

Posted August 15, 2014 at 6:09 am

For the second time in a year, a leasing sign now tops the storefront of 97 Allen Street. The new banner arrived last month, and marks the end of the line at this address for the Foley Gallery. Another Chelsea transplant in our area, this particular showroom debuted in 2012. A quick perusal of real […]

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