Eastern Consolidated

Returning to the Bowery ‘Bunker,’ Where Yet Another Brokerage Tries to Rent the Retail

Posted November 30, 2017 at 5:00 am

Another year, another attempt to pitch the retail unit at 222 Bowery. More than two-and-a-half years after Green Depot departed the storied “Bunker” building, the former environmentally-concious hardware store remains a vacant shell of itself. At least two different brokerages tried to make a deal here, most recently RKF. However, it was under the tutelage […]

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Streets

This Bowery Building with Invader Mosaic Traded for $9.8M

Posted September 28, 2016 at 5:12 am

The six-story building at 84 Bowery in the Chinatown diamond district just traded hands for $9.8 million. A “private investor” purchased the property from Richard Shongut Realty Corp; the paper trail is not public. The transaction comes with the admission that the investment opportunity won’t yield suitcases full of cash in the immediate future. Indeed, it’s […]

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Streets

Castellan Snatches 125 Rivington Street for $9.8M

Last modified August 29, 2017 at 12:49 pm

Why is it that, in the year 2016, the Lower East Side continues to attract real estate speculators with terrible track records? The latest to jump in on the fun is Castellan Real Estate Partners, a hedge-fund-backed investment group that just purchased 125 Rivington Street. According to public records, the five-story walkup (east of Essex) traded […]

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Fat Radish Retail Condo on Orchard Street Sells for $2.5M, but the Restaurant will Stay

Posted May 17, 2016 at 5:10 am

It took almost three years, but the commercial condo that Fat Radish calls home finally changed hands. The ground floor of 17 Orchard Street just traded for $2.5 million, a few hundred-thousand higher than the initial asking price. Eastern Consolidated arranged the sale of the 2,500 square-foot space to Elijah Equities (aka the Haddad family). […]

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216 Bowery ‘Development Opportunity’ Sells for $13M

Posted March 17, 2016 at 5:10 am

Six months on the open market, and we have a winner. A buyer has stepped forward to acquire the three-story 216 Bowery. The property traded earlier this month for $13 million ($2,650 per square-foot). The seller of the now-vacant 216 Bowery is the Balter family, presumably the owner of the eponymous restaurant supply company across […]

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Streets

125 Rivington Pitched as Prime Re-development Opportunity for $12M

Posted December 14, 2015 at 5:11 am

Nothing permanent has really taken to 125 Rivington Street since Rivington Guitars bolted from its namesake location in 2008 and settled in the East Village. Only a series of pop-up shops. The closest was a bar called “The Carolinas,” which tried to take over two years ago, but ultimately failed. So, when we saw the […]

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NBA Legend David Robinson Teams Up with Four Winds on $50M LES Acquisition

Posted April 23, 2015 at 9:17 am

Legendary NBA star David Robinson just scored a layup with a recent Lower East Side real estate acquisition. His company – the Admiral Capital Group – joined forces with Four Winds Real Estate to purchase a three-building portfolio at the corner of Ridge and Rivington. These contiguous properties had been on the market since May […]

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Streets

For $25K Per Month, You Can Lease the Entire Building at 341 Grand Street

Posted April 22, 2015 at 5:10 am

There is some renewed interest in the southeast corner of Ludlow and Grand. For 341 Grand Street, inactive is the appropriate word here; a property that’s remained largely vacant for well over a decade. A tattered sign on its semi-permanent plywood boarding has previously advertised the boxy building for sale, but a transaction never happened. […]

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Streets

Ridge Street Portfolio of 3 Buildings Asking $54 Million

Posted May 12, 2014 at 5:23 am

The Lower East Side gold rush knows no bounds. Every property is ostensibly for sale. Whole swaths of territory are being packaged and doled to the highest bidder. Remember the Bowery portfolio that fetched $62 million last year? Well, a much smaller portfolio is attracting a smilar price. Let’s now take a gander at the […]

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Streets

Marolda Properties Scoops Up 144-150 Ludlow for Price-Chopped $11.9M

Posted March 14, 2013 at 6:15 am

Looks like the so-called “gated community” at 144-150 Ludlow Street finally found a buyer. But one with a terrible reputation in the city.

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