67 Clinton Street is on the Market for $7M; Barramundi Safe for Now

Posted on: December 4th, 2014 at 9:22 am by
This image has been archived or removed.

It’s probably safe to say that Clinton Street is currently experiencing something of a micro-level real estate bubble. Plenty of significant speculation activity happening in the midsection of this Lower East Side artery, particularly the yardage between Rivington and Stanton. Seriously, one need only recall the record-setting sale of the seven-parcel package comprising 50-62 Clinton, which netted an exorbitant $29 million two months ago and spelled the end for WD-50. Following this blockbuster transaction, we learned that the cursed 71 Clinton is on the market for $18 million and that 47 Clinton recently changed hands for $5 million.

Now another nearby building is up for grabs. Yes, the proverbial crosshairs is presently trained on 67 Clinton; $7 million is sought for the six story tenement. Apparently the address – already converted into three condo units – can be delivered vacant.

This image has been archived or removed.

Photo: Loopnet

Let’s take a look at the broker babble:

Rare opportunity to purchase a fully renovated building that will be delivered vacant. Excellent opportunity for a live plus income.

The building has already been converted into three separate condo units. Ground floor retail and second floor is currently a bar with full 4AM liquor license in good standing. Excellent foot traffic on trendy Clinton Street. Can also be converted into a restaurant space. Full ceiling height basement.

Unit #2 is a 4 Bedroom/ 2 Full Bath Duplex condo currently rented at $7500/mo.

Unit #3 is a large 2 Bed/ 2 Full Bath Duplex condo with a private finished roof deck.

It would appear that the fate of newly upgraded nightspot Barramundi (and its second floor speakeasy) is currently in question. Especially after having come across several listings for the business itself. However, bar owner Tony Powe assures us that the establishment isn’t going anywhere, an that there’s still a couple years left on the lease.

Recent Stories

Real Estate
The New Martial Arts ‘Workshop’ on Delancey Street

While the former Ludlow Fitness upstairs studio remains dark, its onetime basement annex is again active. With another gym. Workshop NYC last month signed a lease for the lower-level space at 92 Delancey Street. It’s now a dedicated martial arts studio with dual training programs headed by Brazilian Jiu Jitsu blackbelt Jin Yung and Muay […]

Real Estate
Excavation Underway for 30-Story Tower at Beth Hamedrash Hagadol Site

On the backside of Essex Crossing, another gargantuan development is full steam ahead. Poised to cast more shadows. The excavators have been moving earth at the former Beth Hamedrash Hagadol site on Norfolk Street for over a month. Readying the parcel for the foundation to support a towering development (aka GoBroome) that will ascend thirty […]

Crime
Man Fatally Stabs Brother in One of Two Knifings at Alfred Smith Houses this Weekend

Two men were stabbed within twelve hours, one fatally, in separate incidents at the Alfred Smith Houses over the weekend. Both incidents transpired in the same building (15 St. James Place), one of which carrying the distinction of the first homicide of the year in the 5th Precinct. On Saturday afternoon, a domestic dispute at […]

Fashion
‘November 19’ Home Goods Store Headed to Orchard Street

Down at 37 Orchard Street, it’s one trendy home goods store to the next. You’ll recall that the seven-year-old Coming Soon relocated just down the block to the corner of Canal Street. (The former Alexander Olch boutique.) That was back in late-October. Now, six months later, the Hell’s Kitchen- based November 19 decor shop is […]

Real Estate
Moxy on the Bowery is Still Happening, After All

Nearly three years later, the Moxy Hotel planned for 151 Bowery appears on pause. But its parent company, Marriott, is betting that this property, among others, will help shepherd in the rebound. A neighbor who lives nearby noticed that construction was halted at the beginning of the year, with little movement since. At the time, materials […]