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

Bagatelle Managers Seek ‘Highlife’ for the Bowery

GupShup owner Jimmy Rizvi isn’t headed to the Bowery, after all. His bid for another Indian restaurant at 245 Bowery failed this fall. Rizvi’s application for full liquor was heard by Community Board 3 back in September, but was instructed to return as the application was incomplete and further outreach needed. His no-show one month […]

Remodeled Seward Park Reopens to the Public

The remodeled Seward Park is now open to the public. Completed in just about six months, this $6.4 million capital works project refreshed many of the deteriorating conditions of the park. And in arguably record timing. Improvements include new park furnishings, equipment, expanded garden area, and renovated library plaza. Yet probably the most significant change […]

The Beatles are Headed to SoHo with New ‘Thread Store’ Pop-Up

The Beatles are headed to SoHo. Last week, the music press at large revealed that Sony Music Entertainment secured the North American merchandising rights to the Fab Four, and that a holiday pop-up is underway. The lucky neighborhood chosen for this marketing stunt is SoHo. The new store will be temporarily headquartered at 163 Mercer […]

Another Events Space Called SOMMwhere Rises on Ludlow Street

Once an events space, always an event space. That’s the story at 48 Ludlow Street where a new one just opened. What was the Koala Farm studio for a brief moment is now SOMMwhere. It opened last weekend, pitching itself as a “stylish and sustainable escape” for your next shindig. The media advisory is longer […]

Croman’s Amato Opera Building on the Bowery Welcomes ‘Kissaki’ Sushi Next Month

The onetime Amato Opera on the Bowery – renovated and upscaled years ago – will get a high-end sushi restaurant called Kissaki. Eater reported this week that former Gaijin chef-owner Mark Garcia is behind the 26-seat Omakase venture at 319 Bowery. The Omakase menu will cost $160 for twelve pieces of Nigiri and four kaiseki-style […]