Remodeled 70 Hester Street on the Market for $8.8M, Double Its Sale Price from 2013

Posted on: March 18th, 2015 at 9:19 am by
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The original location of the First Roumanian-American Congregation on Hester Street is back on the market. Its newish owner is looking for double what was paid only two years ago.

You’ll recall that ambitions were rather grandiose for 70 Hester Street back in December 2013. At the time, Christine Svenningsen of CSC Landscape Holdings purchased the historic, Moorish-style structure for nearly $4 million. The plan was to create sidewalk accessible basement retail, a first floor “ultra modern” establishment called Nibbles Cafe, and potential gallery space on the second floor with wraparound mezzanine (the onetime mechitzah for the synagogue). An artist couple (Thomas Nozkowski and Joyce Robins) who resided here since 1967 – previously on a month-to-month arrangement – was booted during the requisite conversion.

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The cafe space, Photo: Town Real Estate

Well, the property has been in flux ever since, with skateboarders having co-opted the area as obstacle course. The cafe itself remains stalled out behind the butcher paper in the windows, with minimal activity behind the scenes. Now, in a speculatory move, Svenningsen is looking to sell the three-story building for $8.8 million. Town Real Estate is the broker repping the sale. Talk about real estate speculation…

70 Hester Street was the original location of the First Roumanian-American Synagogue (aka Congregation Shaarey Shamoyim) which eventually moved to 89-93 Rivington. The building was designed by Frederick Jenth in 1881, and boasts unique Moorish-style windows.

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Photo: Town Real Estate

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