Real Estate Listing

los-perros-locos-space

‘LESpace’ Pop-Up Incubator at Los Perros Locos is Donezo

Posted September 2, 2015 at 5:10 am

It was exactly a year ago that Alex Mitow pulled the plug on the short-lived Los Perros Locos at 201 Allen Street. In the wake of this Colombian hot dog joint, the former proprietor instead transformed the store into “LESpace” – a food-based incubator space for pop-ups, chefs, etc. LESpace made the biggest splash with Polpo […]

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Streets

black-cat-les-rivington

‘Black Cat LES’ Coffee Shop on Rivington Street is Looking for Buyers

Posted August 19, 2015 at 5:09 am

The cozy, antique-inspired coffee shop Black Cat LES is apparently on the chopping block. Real estate listings for the two-year-old sub-level hang began circulating last week, spelling an uncertain future for the popular cafe on the east end of Rivington Street. The news comes barely a month after a beer-wine license was secured. Timing here probably […]

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East Luxe Unleashed

Ben Shaoul Sells ‘East Luxe’ Development on 2nd Avenue for $29M

Posted July 24, 2015 at 5:10 am

So much for the East Luxe development on Second Avenue. Slumlord Ben Shaoul walked away from the converted rental building, having sold out to real estate investor Sunny Yung for $29 million. The accepted sale price was an approximate sixfold return on his initial investment of $5.6 million. Shaoul purchased 31-33 Second Avenue back in […]

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Streets

amuse-wine-bar-ludlow

Amuse Wine Bar on Ludlow Street is for Sale

Posted July 24, 2015 at 5:00 am

Two years into its tenancy, Amuse Wine Bar is seemingly on the outs. It’s further proof that 121 Ludlow Street is a cursed address. A real estate listing appeared on Monday hawking the 1,800 square-foot wine bar as a “prime LES” opportunity. Based on the post, it’s apparent that these guys signed an unfavorable deal. […]

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sixth-ward-bare-1

Former Sixth Ward on Orchard Street is Leasing, Illegal Backyard Promised

Last modified July 22, 2015 at 11:43 am

It was only a matter of time. Three months after its free-fall to failure, the dormant Sixth Ward space at 191 Orchard Street is now for rent. During the interim period, its furnishings were auctioned to the highest bidders and the premises relieved of the remainders. Now, a sucker is sought for the problematic storefront. […]

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Delancey Bridge Tower Development Fails, On the Market for $35.5M

Posted July 8, 2015 at 5:15 am

The Delancey Bridge Tower is officially amongst the ranks of Lower East Side zombies. It’s been a rough going for the 12-story bridge-side development since inception, with a stop-start work schedule that nets nearly nothing in the way of progress. Construction halted last summer, and never fully recovered. The iron pylons stalled at roughly four stories. Now […]

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149rivington-sale

Silvershore Properties Snaps up 149 Rivington for $2.8M, Vertical Extension Planned

Posted June 29, 2015 at 9:22 am

With the recent sale of Streit’s Matzo factory for $30.5 million and its forthcoming departure, speculation on the block of Rivington Street between Clinton and Suffolk, will only increase. Case in point, the stout mixed-use building across the way. The one that often has some sort of storefront psychic. Silvershore Properties just scooped up 149 […]

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55springstreet

This Self-Proclaimed ‘Former Gentrifier’ was Himself Gentrified Out and Needs a Home

Posted June 26, 2015 at 5:00 am

One self-proclaimed gentrifier in Nolita is himself being pushed out of the neighborhood. In an “urgent” plea posted to Craigslist, the anonymous resident seeks refuge in a better housing situation. The mainstream clarion call was listed under the “apts wanted” section of the classifieds. “When I arrived in New York City, the proud owner of a […]

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rayuela-closed

Rayuela on Allen Street is Finished for Sure; Available for $20K Per Month

Posted June 25, 2015 at 5:00 am

Those alleged renovations over at Rayuela aren’t happening. Doors have remained sealed at 165 Allen pretty much since the restaurant eased into life support last September. There were several promises of reopening along the way, with management evoking the same old trickery to evade tail-beteween-legs embarrassment. When sister establishment Macondo was briefly shuttered by the […]

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Streets

207madison-1

This Game Room at 207 Madison Street has Brokers in a Tizzy

Posted June 8, 2015 at 5:13 am

Four Winds Real Estate is desperate to populate its nascent Lower East Side investment. A year after the company purchased 207 Madison Street for $8.5 million, the six-story walkup is now repositioned as “The Madison.” The redeveloped tenement is now well-suited for beer pong-playing post-collegiates with deep pockets. There are twenty-two 2BR and 3BR units […]

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