East Broadway Building that Houses ‘The Little One’ Sells for $6.35M
For the second time in as many years, the five-story tenement at 150 East Broadway just changed hands.
Michael Edelman and Parag Sawhney of real estate investment firm Penn South Capital sold the building in June for $6.35 million. Buyer of record is “9425 5th Avenue Realty LLC” (aka Song Me Chen). The duo earned a modest profit on the sale, having purchased the property in March 2016 for $4.45 million.
During that time, turnover transpired both on the ground floor and residential above. We saw the arrival last January of the trendy Japanese dessert shop (with Dominique Ansel pedigree), The Little One, and an as-yet-unopened pizza joint next door.