After 90 Years on the Block, the Streit’s Matzo Factory Buildings Getting Demolished

Posted on: July 12th, 2016 at 5:12 am by

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Demolition of Streit’s begins

Unleavened past, unaffordable future. That should be the tagline at 150 Rivington Street.

After months of speculation and released renderings, the Streit’s Matzo Factory, on the block for decades, is now officially coming down. Sidewalk bridge, rat-baiting stations, and other pre-demolition appendages have been threatening as much since Passover.

The above image was submitted by a neighbor across the street, in which workers are seen sawing through the century-old fire escapes for removal. Now just scraps in a dustbin.

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It’s only a matter of time before this glass monstrosity invades the block. As previously reported, there will be 45 one-, two-, and three-bedroom condos for sale, including four duplexes penthouses on the seventh/eighth floor. Prices are listed at $995,000, $1.7 million, $2.75 million, and $3.8 million respectively. Building amenities include bike room, gym, laundry, storage, and rooftop terrace.

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The family-owned Streit’s Matzo Factory finally surrendered to real estate pressures in January 2015, and sold the Rivington Street buildings to Cogswell Realty for $30.5 million. (A prior deal to sell the properties for $25 million fell through in 2008.) They’ve since purchased a new facility in Rockland County, which is the new headquarters for matzo production. And remember, not even the mayor really cared that this institution was departing the city after more than ninety years.

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