The Cursed 71 Clinton Street is Now on the Block for $18M

Posted on: October 13th, 2014 at 6:00 am by
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There is a complete sea change happening on Clinton Street these days. The area always seemed a bit untouchable from the mass speculation prevalent in other areas of the Lower East Side. Yes there were tons of foodie haunts, but a nice mix of mom-and-pops existed. With the Essex Crossing happening, though, people are cashing out big time.

Sales activity is definitely on the uptick. We already noted the record price of 50-62 Clinton Street, which fetched $28 million and will result in a seven-story luxury condoplex. Icon Realty – former owner of the aforementioned property – also purchased Clinton across the way for upwards of $5 million.

Now another…

The seven-story mixed-use building at 71 Clinton is up for grabs. This, of course, is the hexed property that has trouble holding down retail tenants. The 15,895 square-foot property – located on the highly trafficked corner of Rivington – contains 2 commercial units and 22 residential apartments (16 of which are market rate). It’ll cost you a slender $18 million.

Meanwhile, the former home of San Marzano Pizza is still available. You’ll recall that a burst water pipe and subsequent flood KO’d the Italian restaurant earlier this year, further fueling the belief that this address is certainly hexed. They’re now back in business, though at 117 Second Avenue.

Besen Real Estate is repping the 1,100 square-foot space; no price listed.

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