7-Story Matzo Factory Condos Top Out on Rivington Street
The Streit’s name hasn’t held court on the Lower East Side since demolition of 148-154 Rivington Street commenced in the summer of 2016. Now, in its place, teaser signage for the upper crust newcomer which just topped out last week.
The token signal of apex – an American flag – was planted atop the seven-story development over the weekend.
As previously reported, the family-owned Streit’s Matzo business sold its original factory at 148-154 Rivington Street to Cogswell Realty in January 2015 for $30.5 million. This glassy replacement consists of 45 one-, two-, and three-bedroom condos, including four duplex penthouses on the seventh/eighth floor. Building amenities include bike room, gym, laundry, storage, and rooftop terrace with outdoor fireplace and kitchen.
As of this writing, there are currently seven apartments still available, ranging in price from $1 million to $2.75 million.
For its part, Streit’s Matzo is still going strong. The Rockland County factory – purchased after the sale of 148-154 Rivington Street – is up and running.