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

Cops Release Photos of Suspects Wanted in Stabbing Outside Delancey Street Starbucks

Police last week released images of the suspects wanted in connection to a stabbing outside the Delancey Street Starbucks in late-March. The suspects fled and are still at large. On March 21, four hooligans stabbed a pedestrian who was walking to the northbound M15 bus stop at Allen and Delancey Streets. The assailants attacked the […]

Food Delivery for Clayton and Jim During COVID-19 Shutdown

New York is ramping up for some tough weeks of battling Covid-19, but one thing the virus can’t do is break the spirit of its inhabitants. Neighbors are looking out for each other. The Village Sun previously reported that filmmakers Jeff Brenner and Adam Juegos spent March 22 hustling around the city to buy groceries and […]

Little Italy Butcher Moe Albanese Dies from Coronavirus; Neighbors Pay Tribute

Moe Albanese, longtime Little Italy butcher and fixture of Elizabeth Street, passed away Tuesday evening due to complications from COVID-19. He was 95-years-old. The news was confirmed by his granddaughter, Jennifer Prezioso, in a post on Instagram. At the Albanese Meats butcher shop on Elizabeth Street, a makeshift memorial is underway. Flowers, candles, and condolence […]

Street Art Duo ASVP Completes 8-Story Mural at Essex Crossing

ASVP just put the final touches on arguably its most ambitious mural. The eight-story treatment on the backside of 145 Clinton Street. The duo spent nearly six months painting the expansive artwork, which is dubbed “Figure No. 6.” This past Sunday saw some of the final brush strokes, so to speak. Despite the COVID-19 quarantine. […]

Legendary Little Italy Butcher Moe Albanese Battling COVID-19

Moe Albanese, longtime Little Italy butcher and fixture of Elizabeth Street, is fighting for his life. The nonagenarian is struggling due to complications from COVID-19 infection, according to his granddaughter. “As I write this now, my grandfather is at the hospital due to complications from covid-19,” his granddaughter Jennifer Prezioso wrote on Instagram. “Moe is […]