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

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

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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.

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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.

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