11 Essex Street

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

Posted January 22, 2019 at 5:00 am

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 […]

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Streets

Misrahi’s Long-Vacant 11 Essex Street Sells for $11.4M

Posted August 31, 2017 at 5:08 am

Eight years sitting empty, and a quarter of that time on the chopping block, a notorious Essex Street tenement building just sold for big bucks. Real estate scion, Sion Misrahi of Misrhai Realty, parted with 11 Essex Street for $11.4 million. Slightly discounted from the $12.5 million price tag sought since late 2015. Buyer of […]

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Open Wounds: Sion Misrahi Looks to Sell Vacant 11 Essex Street Building for $12.5M

Last modified August 30, 2017 at 7:36 pm

Boarded and padlocked shut, 11 Essex Street is the proverbial timebomb that’s been ticking for the past six years, counting down to certain demise. Freshly stapled “no trespassing” signs (and the “make affordable” graffiti) serve as reminder of the slumlord tactics by Lower East Side real estate baron Sion Misrahi at this location. The narrative […]

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Streets