173 Chrystie Sells for $15M, 10-Story ODA-Designed Tower Planned

Posted on: December 8th, 2014 at 5:38 am by
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Looks like Neuman’s Kitchen catering will soon be giving up its hold on 173 Chrystie Street. Development is coming soon, and it should give you pause. ODA Architecture – bankrolling the hot mess of cantilevered condos at 100 Norfolk – has its muscle in this match as well.

Public records indicate that Yaniv Cohen of “Acmos on Chrystie LLC” purchased 173 Chrystie Street back in October for $15 million. The intention is to erect a ten-story structure on the debris of another low-rise Lower East Side building. The application was submitted to the Department of Buildings on Friday. Total floor area for the proposed project is 25,265 square-feet spread across 13 units (and private roof deck). Doing the math, that’s roughly 2,000 square-feet per unit. Condos, people. There will also be amenities like cellar gym and bike storage, according to documents on file.

Don’t be surprised if you see a cantilever in the cards here.

ODA has another project in the works at the long-vacant 165 Chrystie Street. That ten-story tumor is currently in a holding pattern as its plans were disapproved by the DOB last month.

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