Going Inside the Jarmulowsky Bank Hotel [PHOTOS]

Posted on: September 21st, 2018 at 5:00 am by

As part of its area charm offensive, DLJ Real Estate Partners recently opened the doors to the Jarmulowsky Bank Building during its conversion to posh boutique hotel. The iconic Beaux Arts-style landmark has been under renovations for nigh on six years already, resulting in a new construction next door and the addition of a replica rooftop cupola.

The following photos come courtesy of the Eldridge Street Synagogue. Certainly an appropriate source, as the eponymous bank owner behind the landmarked structure was once a member of the house of worship.

Photo: Eldridge Street Synagogue

Upon its completion in 1912, the Jarmulowsky Bank was the tallest structure in the area, standing alone at twelve stories. (Lower East Side legend tells us that the dome was added to ensure its status as the tallest building around.) Sender Jarmulowsky had been running his eponymous financial institution since 1873, whose bread and butter was boat passage for immigrants. But the outbreak of World War I spelled disaster for the institution.  The German immigrant investors pulled their funds to send to relatives abroad.

Photo: Eldridge Street Synagogue

Equity Management sold the landmarked corner property to DLJ Real Estate Partners in 2012 for $36 million. The seller initially purchased the 60,000 square-foot property from Cwc Inc. in 2005 for a cool $25.25 million, armed with gilded dreams of a posh hotel conversion. That never happened, and EM instead held onto their fallow investment through the economic downturn.

Gallery photos courtesy of the Eldridge Street Synagogue.

Recent Stories

Public Hearing on Two Bridges Skyscrapers Happening this Morning

Today is a pivotal day in the life of the proposed super-tall towers on the Lower East Side waterfront. The City Planning Commission is holding the final public hearing later this morning on the controversial application for the three new large-scale developments. Members of the public who attend will have a chance to speak (three […]

Russ & Daughters Expands with 14K Square-Feet at Brooklyn Navy Yard

Much like its centenary sister on East Houston (i.e. Katz’s Deli), Russ & Daughters is expanding into Brooklyn. The famed appetizing business – founded on the Lower East Side in 1914 – is planting a major flag at the Brooklyn Navy Yard. Taking up 14,000 square-feet of space in Building 77. It’ll include a production […]

Goa Taco Departs LES; Delancey Locale will ‘Rise’ as Coffee Shop

Goa Taco is no longer operational. Indeed, both the Lower East Side lunch spot and the Greenwich Village annex are both closed for good. The original location at 79 Delancey Street is now shuttered with brown paper in the windows. “We decided it makes more sense to close the Delancey Street location after Smorgasburg ended […]

Worker at Extell’s Affordable Tower Badly Burned in Electrical Accident

It was a case of shock and burn down at the Extell project site on Cherry Street. A construction worker was electrocuted early yesterday during a work accident 227 Cherry Street, the developer’s so-called affordable tower. The man reportedly sustained second-degree burns about the arms, neck, and head, but was conscious when paramedics arrived. He was later […]

Meet the New Wall of Glass on East Houston

SoHo’s newest office buildings are inching toward the finish line, more than two years after simultaneously breaking ground. Starting with the new 606 Broadway (aka 19 East Houston), it’s been the recipient of glass paneling the last several months. As you can see, most construction materials are removed from the proverbial doorstep, leaving behind a […]