Upscaled 168 Suffolk Street Sells for $12M

Posted on: March 23rd, 2018 at 5:05 am by

As East Houston Street continues its trajectory to luxury life – there are multiple towers under construction – the effects are felt in the immediate vicinity. Case in point: the sale of 168 Suffolk Street for more than twice the purchase price three years ago.

Eunhasu Corporation acquired the gussied-up 168 Suffolk Street for $12 million.

Hogg Holdings, which purchased the tenement in 2015 for $5 million and upscaled the apartments, more than doubled its investment. (It’s also the firm behind the new condo development nearing completion at 287 East Houston.)

The five-story, 10,050 Square-foot property contains nine two-bedroom apartments and a ground-floor retail space.

168 Suffolk St., Feb. 2014

Recent Stories

East Broadway Subway Station Turns 85

The East Broadway subway station wasn’t always a shady dungeon attracting crime. Once upon a time, the transit stop inspired celebrations across the Lower East Side. It was exactly eighty-five years ago – January 1, 1936 – that the East Broadway subway station debuted to the public. The feat of subterranean engineering, then known as […]

Looking at the New Ludlow House Annex Atop Demolished Libation Site

Well, that was quick. With Libation excised from the Lower East Side, the hole is now filled. Taken over by Ludlow House. The building at 137 Ludlow Street was demolished last year, and replaced in a matter of months. In fact, it’s already operational. The architecture of this one-story newcomer mirrors design elements of its […]

Stringer Promises ‘Fair Share’ of PPP for City Businesses

City Comptroller (and mayoral candidate) Scott Stringer held a press conference yesterday at the Chinatown kiosk on Canal Street, announcing a plan to funnel federal Payroll Protection (PPP) dollars to New York city businesses. It certainly triggered an uncomfortable memory of last year’s PPP fiasco. The first round of PPP went into effect just a […]

‘Open Streets’ Town Hall Yields More Questions than Answers

Tuesday night’s Town Hall on Open Restaurants and Open Streets, hosted by Community Boards 3 and 6 – left residents with more questions than answers regarding the long-term impact these pandemic-era health and economic neighborhood solutions have on a post-COVID city. However, the online meetup did bring a wide scope of information in terms of […]

Unused Half of Bowery’s Sunshine Hotel Flophouse Available to Rent

The leasing banner has been strung from the facade of 241 Bowery for more than two years. Without much success. The second and third floors (combined 8,938 square-feet) – once part of the Sunshine Hotel flophouse – are again on the market. And at a hefty price: $6,495 for a “raw” space that requires renovations […]