Real Estate


Longtime Grand Street Hardware Store ‘Good Locksmith’ is Moving [Updated]

Last modified December 2, 2016 at 12:47 pm

Good Locksmith, the reliable mom-and-pop hardware shop located at 317 Grand Street, is reportedly moving next door. They’ve been on the Lower East Side for more than a decade. A sign inside the store alerts customers, as do the bare shelves. Update: a reader tells us, “I spoke to stephen who the grown son and […]

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Reveal: Lands End II Parking Lot to Get 800-foot, Twin-Towered Beast

Last modified December 2, 2016 at 8:11 am

Three years after acquiring the two low-income buildings comprising Lands End II (265-275 Cherry Street) for $279 million, L+M Partners and the CIM Group are planning to develop the parking lots facing the water (aka 260 South Street). It’s another of the so-called “soft sites” along the Lower East Side waterfront receiving renewed attention from the industry […]

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Week After ‘Gas Leak’ and Shutoff at 80 Delancey Street, Residents Remain without Gas

Posted December 1, 2016 at 5:16 am

Last Tuesday, just before the Thanksgiving break, there was an apparent gas leak at 80 Delancey Street. Con Edison quickly shut off the utility to the building. Residents are pissed, though, mainly due to the purported lack of transparency from management. The building owner of record is the Vintage Group (80 Delancey, LLC), a somewhat lesser-known landlord on […]

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Essex Crossing Unleashes Second Tower Crane into the LES Skyline

Posted November 30, 2016 at 5:11 am

There are now two tower cranes situated at the southeast corner of Essex and Delancey Streets. The second one appeared over the holiday weekend and is crowding the lot. Both are tasked with the job of constructing the “Gateway” property for the Essex Crossing mega-development, and together dominate the Lower East Side skyline. Kneel before […]

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NYU Acknowledges No One Can Afford Housing, Offers ‘Grandma’s Spare Room’ to Students

Posted November 29, 2016 at 5:13 am

New York University – the college and real estate behemoth – acknowledges that no one can really afford to attend anymore. Let alone dorm near the 4th Street “campus.” So it’s introduced a pilot program that pairs the young and the old with cheaper living quarters. “Grandma’s Spare Room,” as the name suggests, is an intergenerational […]

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Former Amato Opera House on the Bowery Gains Both Luxury Living and New Fire Escapes

Last modified November 29, 2016 at 8:05 am

The former Amato Opera House is now unrecognizable as its former self. With scaffolding dismantled – and lettering gone from the facade – the theater is reincarnated as luxury living. There are some visible additions to the 1899-era tenement, including fresh white paintjob, the new duplex penthouse, and external fire escape system currently undergoing installation. […]

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Daniel’s Leather Finds a Larger Home on Orchard Street

Posted November 28, 2016 at 5:09 am

No other vendor on Orchard Street has pinballed about the block like Daniel’s Leather. Its holdings – which at one time boasted two large stores – shrunk incredibly in the last few years. The main leather outpost in the Beckenstein’s building shuttered back in 2014, shortly before the building was sold to DelShah Capital. A […]

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Photo: Heavy Editorial

Trump Son-in-Law Slumlord Jared Kushner’s ‘Volunteer Event’ a Sham, Tenants Argue

Posted November 18, 2016 at 5:16 am

Donald Trump’s son-in-law slumlord Jared Kushner has been in the news quite a bit since the election. The media mogul – married to Ivanka Trump – is seemingly portrayed as a sort of Wormtongue in the ear of the president-elect. And back at home, Kushner’s reception is still in the dumps. For good cause. He’s […]

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The Balconies at this New Grand Street Development Resemble a Swastika

Last modified November 18, 2016 at 10:53 am

The bustling southeast corner of Grand and Elizabeth Streets in Chinatown is sprouting some luxury. A new seven-story mixed-use building, to be precise, is nearly complete at 223-227 Grand Street. The three tax lots were purchased by developer 223 Grand Street Property Inc. several years ago for $8.5 million, and subsequently merged into one buildable parcel. […]

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Elizabeth Street Tenement Denied Landmark Status, Despite Endorsement of Martin Scorsese and Debbie Harry

Posted November 18, 2016 at 5:02 am

The drive to landmark one Little Italy tenement came to a screeching halt a few weeks ago, despite some high-profile endorsements including Martin Scorsese and Debbie Harry. For the last two years, tenant Beth Joy Knutsen-Papaleo has worked toward a goal of preserving not just 239 Elizabeth Street, but the block between Prince and East […]

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