Real Estate Listing

Heller Realty Picks up Division Street Walkup for $4.4 Million

Posted August 24, 2017 at 5:00 am

The easternmost block of Division Street is heating up. Not just for nightlife but real estate speculation, too. The five-story walkup at 115 Division Street traded last month for a cool $4.4 million. Public records appear to indicate the buyer as Heller Realty, which is masked behind the 115 LES Realty corporate shell. The firm […]

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‘Happy Wok’ on Endangered List as its Delancey Street Space Hits the Market for $13K

Posted August 22, 2017 at 5:12 am

For a stretch of retail on borrowed time, 156-164 Delancey Street sure stays fresh with commercial turnover. Indeed, within the last eighteen months, a dollar pizza joint and Coco bubble tea dispensary signed leases. Not to mention, Boost Mobile and Cricket Wireless. However, one of the stalwarts on this low-rise block might soon fade into […]

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Two-Story Shops at 330-332 Grand Street Sell for $6M, Demolition and Redevelopment Imminent

Posted August 21, 2017 at 5:00 am

Back in April, we noticed some unusual activity happening at 330-332 Grand Street. The roll-down gates for all five commercial units were hoisted, and the sidewalk flaps to the cellar opened. This could only mean one thing – imminent changing of the guard. And that’s exactly what happened. According to public records, the holdout two-story […]

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Streets

’80s Concept Bar ‘GB85’ on Rivington Street is for Sale

Posted August 18, 2017 at 5:12 am

The 1980s-themed bar GB85 on Rivington Street is not long for the neighborhood. As next of kin for Stay Classy New York, the small concept spot is now listed for sale. Tower Brokerage was retained to represent the seller. According to the real estate listing making the rounds, the 1,300 square-foot (plus basement) space is […]

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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