11-Story ‘Micro Unit’ Development Planned for Derilect Essex Street Property

Posted on: January 22nd, 2019 at 5:00 am by

Ten years after tenants were vacated from 11 Essex Street, the next chapter is finally poised to unfold. And as expected, involves demolition and a glitzy new development.

As previously reported, real estate scion Sion Misrahi parted with the neglected property in August of 2017 for $11.4 million, sixteen years after his acquisition and subsequent liquidation of the predominantly low-income tenants. The new owner (11 Essex Realty LLC) is now underway on an eleven-story replacement “catering to young professionals,” in its own words. It’ll sport thirteen one-bedroom and three two-bedroom micro-units, plus a full-floor Penthouse.

Architect of record is TRA Studio.

Photo: TRA Studio

There’s a lot of talk about apartment size, or lack thereof, in the literature.

This slender 120’ tall mixed use building, located on a shallow lot in the lower East Side , houses thirteen one bedroom micro-units apartments, ranging from approximately 500 sf and three two bedroom full-floor Penthouse units, catering to young professionals.

The disciplined flow of spaces makes the apartments feel bigger and extremely comfortable. Each unit has ample closets and a private laundry are, amenities include rooftop recreation space, a 16’ high Lobby and a bike storage area.

Meanwhile, demolition plans were approved by Department of Buildings one month ago.

Photo: TRA Studio

[h/t City Realty]

Recent Stories

Claw Money Closes Delancey Street Boutique

Street artist Claw Money recently closed down her Delancey Street store. Now encased in plywood shed, the space is undergoing renovation. And joins the litter of other commercial vacancies at 101 Delancey. Indeed, the handful of divided storefronts comprising 101 Delancey went under the knife nearly a decade ago, and largely remained dormant. Except for […]

Happy Ending for the Good Luck Spa as it Reopens on Orchard Street

The good luck is back, as the Chinatown spa of same just reopened. You’ll recall that the Good Luck Spa on Orchard Street fell victim to a police sting last month, and was busted for prostitution. The proverbial happy ending treatment for customers. The business only remained closed for a minute, and was back at […]

Carbon Monoxide Leak at Broome Street Bodega Sickens 5 People

Carbon monoxide levels spiked at a Broome Street bodega early yesterday morning, sickening five people. The purported gas leak happened at the Optimum Gourmet Deli on the ground floor of 243 Broome. Firefighters rushed to the store at 7:40am. Five were sickened by the elevated gas in the air, including one who was seriously hurt. […]

Discover Opportunity with Manhattan Charter Schools [Sponsor]

We, the Manhattan Charter School for Curious Minds, are two small public elementary schools educating children in grades Kindergarten through 5th. We believe in the importance of an intimate learning environment and are committed to offering a well-rounded education designed to help students develop critical thinking and problem-solving skills. There are never more than 25 […]

Art Basel Banana Surfaces on Essex Street

Not since Velvet Underground has a banana polarized so. You may have seen the viral story about the banana fastened to a wall at Art Basel fetching $120,000 in the name of “art.” Back home on the Lower East Side, the locals have added their two cents about Maurizio Cattelan’s work (known for the golden […]