Report: Four Bowery Buildings Sold to Gordon Lau for $50M

Posted on: February 16th, 2015 at 6:00 am by

This image has been archived or removed.

149 Bowery, Photo: Google Maps

Everyone on the Bowery is cashing out, these days. It’s unstoppable. Even the longtimers are going. A week after learning that photographer Jay Maisel sold his crown jewel at 190 Bowery for an eye-popping $55 million, and not to mention the sale of the historic row at 134-142 Bowery late last year for $45 million, another blockbuster land grab.

The Real Deal reports that four more Bowery buildings are now in the hands of developer Gordon Lau, who forked over $50 million for the two portfolios. According to records filed with the city last week, two of the four properties are five-story 116 Elizabeth Street, and the three-story 132 Bowery, both sold by Carl Herman Realty Corp. for $25 million.

116 Elizabeth and 132 Bowery are conjoined at the rear.

This image has been archived or removed.

The other two Holdings are 145 and 149 Bowery, sold by Fuss and Lieberman Realty Corp. for another $25 million.

Buyer Gordon Lau is, of course, notorious for having evicted the artist group Collective Hardware at 169 Bowery. That old tenement near the corner of Delancey recently saw a vertical extension of its own; a residential addition of ten new dwelling units.

Recent Stories

Another Look at the Remodeled DeSalvio Playground in Little Italy

Two years of construction, and a decade of advocating, finally let up. About a month ago, Little Italy locals scored early access to a reinvigorated DeSalvio Playground on Spring Street ahead of the “official” opening. The upgraded park at Spring and Mulberry Streets includes a curved seating area with benches, basketball court (with two hoops), jungle gym […]

Report: Teen Boosts Taxi from LES and Attempts Drive to Six Flags

If you’re gonna steal the car, don’t pull over for R-and-R. Police say that 19-year-old Jonathan Gualpa boosted a taxicab parked on the Lower East Side early Tuesday morning and attempted to drive it down to Six Flags Great Adventure in New Jersey. The vehicle was reportedly still running at 5:45am when the teen hijacker drove […]

Neighborhood Group Sues the City to Stop New Towers in Two Bridges

Three months after first leveling the threats, the Lower East Side Organized Neighbors (LESON) has filed a lawsuit to stop four new towers (as part of three developments) from sprouting on the Two Bridges waterfront. The community organization partnered with the Asian American Legal Defense Fund to take the fight to the city. LESON has […]

Man Hit in the Head with Baseball Bat, Robbed on Broome Street

Some crime to report on the new doorstep of Essex Crossing. A man on the eastern fringe of Broome Street was clocked in the head with a baseball bat, and then robbed of his computer, police said. The victim was apparently on his way to a date Monday afternoon when he was struck on the […]

Martin Keehn Boutique Celebrates New Home on Ludlow Street

Menswear designer Martin Keehn began selling on the Lower East Side nine years ago. The boutique occupied a unique fractional address across from Seward Park – 27 1/2 Essex Street – until last summer. The eponymous store made the move around the corner to 53 Ludlow Street back in August. (This was the former home […]