Real Estate Listing

peace pentagon 339 lafayette

The Peace Pentagon on Lafayette Street Hits the Market Again as Development Opportunity

Last modified March 2, 2015 at 1:34 pm

For the second time in exactly five years, the storied Peace Pentagon on Lafayette Street, the decades-long haven of progressive activism owned by the AJ Muste Memorial Institute, is again on the chopping block. Price of the pitched development site is not listed (i.e. soliciting offers), but the last ask was pegged at $5.95 million. […]

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Orchard Hell Building Retail Units Sell For $21M

Posted February 27, 2015 at 9:19 am

Ever since the branded sidewalk bridge arrived in October, the commercial retail in the base of the 23-story Orchard Hell Building has been dormant. Cushman & Wakefield is still pimping the properties – separate from the Hotel Indigo upstairs – for possible flagship usage. But now, a wrinkle in the story… The Real Deal reported […]

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Former Home of G&S Sporting Goods on Essex Street Sells for $6.9M

Posted February 25, 2015 at 5:00 am

G&S Sporting Goods concluded its 77-year run on Essex Street at the end of 2014. News of its demise first arrived a year ago, but the store limped on until November. Its departure was another sad loss of mom-and-pop culture in an area swiftly becoming another extension of luxury. By the end of December, 43 […]

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Streets

99suffolk-listing

99 Suffolk Street Listed for $26M; Elements Preschool Takes Over Ground Level

Posted February 23, 2015 at 5:00 am

The Lower East Side Montessori School on Suffolk Street is calling it quits in the coming months. We hear that a new facility called Elements Preschool is currently in the process of taking over the space, and converting it into a “learning center” with a strong “emphasis on learning outside of the traditional classroom.” The […]

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15orchard

A Block from Jarmulowsky Hotel, 15 Orchard Street Hits the Open Market for $4.5M

Posted February 17, 2015 at 9:21 am

With the 105-room Jarmulowsky Bank Hotel still a couple years from reality, the immediate area is already benefitting. Well, for the landlords, at least. Prices keep increasing here on the outskirts of Chinatown. The latest example is this stout, four-story tenement at 15 Orchard Street. The mixed-use building hit the market last week for $4.5 […]

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Former Via Tribunali Space Now Renting for $12K and Key Money

Posted January 27, 2015 at 8:00 am

Barely two months in the grave, the old Via Tribunali space in Hell Square is already be shopped around for new occupants. Several real estate listings have trickled through the faucet of Craigslist. From the look of it, the 800 square-foot ground-level space at 122 Ludlow is going for a pretty penny. We came across […]

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With Essex Crossing Looming, ‘Developer’s Dream’ 75 Essex Street Ups the Ask to $39M

Posted January 21, 2015 at 5:00 am

The big neighborhood news of late is the drop-load of renderings for Phase 1 of the Essex Crossing mega-project. Just like that, ten Lower East Side parcels, some previously vacant, will be completely redeveloped in the next decade. We had it on good authority in 2014 that Taconic Partners – part of the Delancey Street […]

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Streets

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Amato Opera House Lettering is No Longer on the Bowery

Posted December 16, 2014 at 9:28 am

The disheveled, remnant evidence of the Amato Opera House at 319 Bowery is now wiped from public view. Within the last month or so, onsite renovations ahead of luxury conversion resulted in the removal of the iconic lettering. Controversial landlord Steve Croman obtained permits from the Department of Buildings in October to transform this haunted beauty […]

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255bowery-update

Karl Fischer’s 255 Bowery Marches Toward ‘Luxury Boutique Living’

Posted December 15, 2014 at 9:33 am

Shortly after its big reveal over the summer, the project site at Karl Fischer’s 255 Bowery went quiet. Its facade left in a pre-completed skeletal state. Work resumed a few months later, though, and we are now seeing the final touches applied to the seven-story product. It’s a mass of steel and glass that complements the […]

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Blue Moon Hotel on Orchard Street Raises Asking Price Again, This Time to $21M

Last modified December 15, 2014 at 9:40 am

The Blue Moon Hotel is a lesson in real estate pricing. Know the value of the property before asking for the farm. In this case, the boutique hotel at 100 Orchard Street has been on the chopping block countless times in the last decade (the first listing was in 2005 for $20 million) for a […]

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