Real Estate Listing

255easthouston-sale

Destabilized 255 East Houston is Back on the Market for $36M

Posted June 5, 2014 at 5:05 am

255 East Houston (aka 171 Suffolk Street) has been on life support since early 2010, when demolition of the adjacent building destabilized the structure. The damage ultimately compromised the safety of those within, namely the Action for Progress day care center, which was forced to vacate the premises. Other than being listed for sale in […]

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avalon-chrystie

Avalon Chrystie Complex Under Contract for $400M

Posted May 29, 2014 at 10:11 am

One of the three Avalon motherships on the Lower East Side is under contract. Ashkenazy Acquisition Corp. apparently inked a deal to purchase the Avalon Chrystie for just under $400 million, reports the New York Post. The sale includes the residential component (361 total units), the 72,300 square-foot Whole Foods (whose lease expires in 2028), […]

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18-orchard-street

Retail Space at 18 Orchard Street Asking for $3.6M

Posted May 13, 2014 at 6:13 am

It’s pretty much given that any new Lower East Side real estate listings will boast proximity to the Essex Crossing as a primo selling point. Even if that’s not really the case. Like this one for the ground level condo unit at 18 Orchard Street, currently an electrical office in “gallery row.” According to Loopnet, […]

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Photo: Terri Ciccone

And How Do You Feel About the Demise of Pearl Paint?

Last modified April 25, 2014 at 10:22 am

The following is a guest post written by Terri Ciccone. Pearl Paint has closed its red doors for the final time, ending an 80-year legacy as a unique resource and community for artists. The discount art supply store spent 80 years in the neighborhood, 50 of which at 308 Canal Street (it opened in 1933 […]

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Streets

hummus-shop-ludlow

Own a Piece of the Ludlow Residence Eyesore for $220K

Posted April 23, 2014 at 6:00 am

Has it really been two years since our last post about the Ludlow Residence dorm at 101 Ludlow? Okay, onward. If you fancy a piece of the beige penitentiary, the opportune moment has arrived. The narrow, 800 square-foot commercial unit near the dorm entrance – currently home to the Hummus Shop – is now on […]

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115-allen-street-2014

115 Allen Street Penthouse Returns to Market for $4.4M

Posted March 31, 2014 at 6:02 am

It’s easily one of the ugliest rooftop additions across the Lower East Side, constructed back in 2004. But inside that corrugated gray Lego piece atop 115 Allen Street is a rather desirable penthouse pad. A unique four-bedroom duplex. Only problem is, owner-developer Seth Tapper has been trying to unload the property for years without success. […]

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Streets

151 Bowery (aka 331-333 Broome St.)

151 Bowery Sells for a Record $23.5M

Posted March 20, 2014 at 6:00 am

The squat three-story anchor at the southeast corner of Bowery and Broome just sold for $23.5 million. Buyer remains unknown, and there is currently nothing on file with the city. This final price is a record for the lighting district, according to Jan Sasson of E Property Group, who represented the seller in the transaction. […]

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Streets

east-houston-low-rise

Report: Ben Shaoul Purchases Lot of Low-Rise Buildings on East Houston for Development; Businesses to Vacate in May

Posted March 17, 2014 at 5:19 am

Relish that open air spanning the one block of East Houston from Orchard to Ludlow Streets; savor the flavor of Bereket, Empanada Mama, and Ray’s Pizza. Word is, it will soon disappear. In all likelihood, Hell Building part deux is probably on the way. At the end of December last year, we reported on some […]

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richies-retail-1

Richies on Delancey Carves Out Tiny Store Space for New Tenant

Posted March 7, 2014 at 6:08 am

Richies, that longstanding budget urban outfitter at 122 Delancey, underwent a slight cosmetic change within the last few weeks. Apparently the building owner decided to carve out a thin slice of store real estate to create a new retail footprint. Mo’ money. This division created a space that can’t be much more than 100 square-feet […]

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houston-and-clinton

East Houston Parcel Listed for $15M, Touted as ‘Prime’ Development Opportunity

Posted February 28, 2014 at 6:02 am

Rev up those bulldozers. You knew this was coming. A spacious lot (with generous air) at the southwest corner of East Houston and Clinton Streets is primed for some upscaling. At the moment, 287-291 East Houston is home to a two-story office for an accounting firm and an adjacent private parking lot (with garage door […]