Real Estate

Emergency Demolition for Former New Beer Distributors on Chrystie Street

Posted May 23, 2018 at 5:08 am

Construction of luxury condos on Chrystie Street destabilized a neighboring building, and the developer has scrambled to file emergency demolition permits. Nexus Development – the firm behind a 10-story tower at 173 Chrystie Street – filed the permits after a purported “concrete blowout” at the project site a couple weeks ago. The incident damaged 171 […]

Filed Under

Report: Michael Shah Acquires 149 Rivington Street as Part of $100M Portfolio Deal

Posted May 23, 2018 at 5:00 am

Delshah Capital, the real estate firm of controversial landlord Michael Shah, is close to closing on a “Brooklyn-centric” $100 million portfolio. According to The Real Deal, the blockbuster deal includes 28 buildings spread across Williamsburg, Bedford-Stuyvesant, Carroll Gardens, and Bushwick, as well as two buildings on the Lower East Side. While the addresses aren’t clear, […]

Filed Under

Report: Steve Croman will be Released from Prison Next Month

Posted May 22, 2018 at 5:03 am

Controversial landlord Steve Croman pleaded guilty in June 2017 to three felonies and settled a civil case with embattled tenants. He was sentenced to one year in jail on Riker’s Island for the criminal charges, and forced to pay a $5 million tax settlement, plus an $8 million restitution fund. In reality, though, Croman didn’t […]

Filed Under

Streets

Displaced Tenants of 85 Bowery to Resume Hunger Strike

Posted May 22, 2018 at 5:00 am

Displaced tenants of 85 Bowery – whose personal belongings were publicly trashed curbside several weeks ago – remain in exile exactly four months after the city issued a full vacate order on the destabilized tenement. With homecoming delayed indefinitely as landlord Joseph Betesh completes renovations, a resumption of the prior hunger strike is now planned for […]

Filed Under

Streets

Is the Knickerbocker Village Gallery Show a Trojan Horse for Potential Co-op Conversion? [Updated]

Last modified May 22, 2018 at 10:52 am

When it comes to real estate speculation in low-income areas, a gallery show is oftentimes a Trojan Horse. Making things look pretty and appealing for prospective suitors. Especially in gentrifying neighborhoods like the Lower East Side or the South Bronx, where a distasteful “Bronx is Burning” party was held last year that exploited stereotypical tropes […]

Filed Under

Fresh Permits Issued for Rivington House Gut Job

Posted May 18, 2018 at 5:00 am

Piecemeal work at Rivington House is progressing, despite pressure from the community and elected officials alike. The Department of Buildings two weeks ago issued permits to CetraRuddy Architects, the design firm behind the $17.1 million remodeling, for interior demolition, despite the partial stop-work order on the property. This grants the team the ability to renovate […]

Filed Under

Photographer Jay Maisel Opens up About Living in the 72-Room Bank on the Bowery

Posted May 15, 2018 at 5:03 am

Jay Maisel, the photographer who owned the Germania Bank Building for fifty years, recently opened up about his time on the Bowery. This on the heels of unveiling a website of his photo archive. City Realty’s 6sqft blog sat down to interview the 87-year-old man, who discussed his history with the 72-room Bowery gem. Everything […]

Filed Under

Streets

‘Plant Shed’ Puts Down Roots on the Bowery

Posted May 15, 2018 at 5:02 am

Another pop-up-to-permanent situation is happening at the northwest corner of Prince Street and the Bowery. Much like Tokyobike before it, the Plant Shed just took the space. What began as a temporary Mother’s Day venture for the family-owned, Upper West Side business will soon blossom to full time. This second location is to include a complementary […]

Filed Under

Streets

Twin Tenements on Orchard Street Hit the Market for First time in 90 Years

Posted May 14, 2018 at 5:08 am

The dominoes continue to fall. Two conjoined, through-block tenements in Hell Square just hit the market last week, 159-161 Orchard Street (aka 164-166 Allen). If the broker-babble is to be believed, then this is the first time to market for these properties in some ninety years. The buildings are pitched as an investment with significant […]

Filed Under

CB2 Backs Merchant’s House in Denial of Zoning Change for Adjacent Hotel

Posted May 10, 2018 at 5:10 am

The Merchant’s House Museum scored a victory last night, garnering support from Community Board 2 over the proposed hotel on its western flank. In front of a packed house, the Land Use subcommittee yesterday voted to deny the zoning text amendments required for the hotel developers to proceed. However, this determination is simply a recommendation, […]

Filed Under

Streets