Real Estate Listing

Ludlow Street Development Site Next to ‘The DL’ Hits the Market for $18M

Posted August 7, 2017 at 5:03 am

It’s one of the last scruffy edges of Ludlow Street that often rivals the corner of Broome and Allen Streets as being the smelliest on the Lower East Side. And now the property in question is being positioned for sale as a “development opportunity.” 89-91 Ludlow Street just hit the market last week for a […]

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210 Bowery Condos Hit the Market Starting at $2.7M

Posted August 4, 2017 at 5:08 am

Two years and a construction fiasco later, the tall dark horse at 210 Bowery is finally ready for residents. The resurrected 210 Bowery boasts seven full-floor units comprising 12,824 square-feet of floor area; the single commercial space is slated for 1,989 square-feet. Amenities include roof deck, basement storage, and seven bicycle spaces. For the moment, […]

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Streets

Hotel East Houston Sells for $16.75M, Rechristened ‘Ridge Hotel’

Posted July 31, 2017 at 5:16 am

On the occasion of its tenth year in the neighborhood, the Hotel East Houston just changed hands. Former owner Jin Sup An (also behind the 36 Hudson Hotel) parted with the property two weeks ago for $16.75 million, according to public records. The transaction is about $5 million less than the asking price when the […]

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To Live in a Tiny Lofted Studio Behind this LES Gallery

Posted July 21, 2017 at 5:17 am

Behind the non-descript MAW gallery on Henry Street is a cramped cubbyole studio. And it can now be yours. It appears that the gallery listed the 300 square-foot studio on Craigslist, and currently seeks transient tenants. The furnished apartment features a lofted bed, futon, “exposed brick and a minimalist design.” There is also a doorway […]

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Streets

Samy Mahfar Sells ‘Jones LES’ Rentals for $62M

Posted July 20, 2017 at 5:06 am

The Jones LES luxury rental building on East Houston officially traded hands last week for a cool $62 million. Final deal price for the 67,600 square-foot rental property is just a tad north of what was reported in June. Controversial landlord Samy Mahfar is laughing all the way to the bank with this transaction. His SMA […]

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Caspi Development Looks to Flip 135 Bowery for $25M

Posted July 13, 2017 at 5:00 am

It’s quite sad that 135 Bowery has gone from historic Federal-style row house to little more than another Lower East Side speculative property. Its current owner of roughly two years – Caspi Development – is now looking to unload the property for $25 million. If the price is right, that’s a $9 million profit. Cushman & […]

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Streets

Upscale ‘New Stand’ Newsstand Takes Over Patricia Field Store on the Bowery

Posted June 28, 2017 at 5:08 am

Incoming. This week brings word that a replacement has been found for the former Patricia Field store on the Bowery. The New Stand, a chain that dubs itself as what would happen if “your favorite blog and your favorite bodega had a baby,” just inked a lease with landlord Thor Equities. According to the Real […]

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Streets

Rivington House Co-Owner Picks up Pair of Ludlow Tenements for $15.5M

Posted June 22, 2017 at 5:11 am

Last week, we learned that the corner tenement at 101 Stanton Street (at Ludlow) changed hands for $12.9 million. It was sold by Arwen Properties/Luthien Group to a small consortium of real estate firms. Now, it appears the company simultaneously cashed out the two adjacent properties on Ludlow Street, too. While prior rumors of sale proved […]

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Bond Street Townhouse, Home of Scrap Metal Shop, Hits the Market for $13M

Posted June 21, 2017 at 5:06 am

It’s an oasis of refuse on a block scraped clean and sanitized with upper-crust wealth. A cluttered workspace that resembles something out of high school shop class. But for how much longer? D&D Salvage – a scrap metal dealership – has heretofore survived the transformation of Bond Street into a glitzy pathway dominated by multimillion-dollar condo […]

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Streets

Stanton Street Corner Tenement Sells for $12.9M

Posted June 12, 2017 at 9:33 am

The hulking tenement anchoring the southwest corner of Ludlow and Stanton Streets just sold for $12.9 million. A small consortium of real estate firms – Penn South Capital, Conway Capital and Rudd Realty Management – picked up 101-103 Stanton. Seller of record was 101 Owners Corp., which acquired the building in 2004 for $2.7 million. […]

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