Massey Knakal

Two Buildings at Rivington and Suffolk Hit the Market for $12M

Posted September 17, 2019 at 5:04 am

A pair of Lower East Side tenements in the orbit of Essex Crossing is now in the proverbial crosshairs. Both are on the market for a collective $12 million. The two properties are located around the corner from each other at Rivington and Suffolk Streets, and combine for 17,684 square-feet of floor area. The four-story […]

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After a Century on the Bowery, Faerman Cash Registers is Cashing out

Last modified July 23, 2019 at 9:14 am

brief documentary At one point in the mid-twentieth century, the Bowery boasted several cash register stores; soon, though, the count could be down to one. In operation for over a century, the iconic Faerman Cash Register Company is about to depart. The business recently put its building at 159 Bowery up for sale, and there […]

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Streets

Bowery Demolition Site Hits Market for $26M

Posted February 15, 2019 at 5:00 am

One year ago, side-by-side three-story tenements comprising 139-141 Bowery were quickly demolished. The narrative at the time was that of a mixed-use replacement tower to rise in its place. Instead, it’s been crickets for much of the interim. Now, the double-wide property – measuring 50-by-100 feet – is on the chopping block for a hefty […]

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Streets

11-Story Apartment Building on Orchard Street Listed for $16M

Posted September 12, 2018 at 5:03 am

Landlords in the so-called Orchard Street gallery district continue to cash out. The latest to hit the market is number 55, located between Grand and Hester streets. The eleven-story apartment complex went up for sale last week with an exorbitant price tag of $16 million. Jacov and Lazar Zimerbort are the current owners and have […]

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Mahfar Looks to Flip 99 Allen Street for $13M

Posted June 28, 2018 at 5:10 am

Controversial local landlord Samy Mahfar is looking to cash out one of his Lower East Side holdings. The “repositioned” five-story tenement at 99 Allen Street is now on the market for $13 million. The listing arrives nearly five years after Mahfar first purchased the building (September 2013) from Heaven Way Buddha Church for $4.4 million. […]

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Streets

Bowery Restaurant Supply Building Hits the Market for $21.5M

Posted April 30, 2018 at 5:00 am

Another Bowery building is up for grabs, awaiting certain demolition and redevelopment. The three-story commercial warehouse at 180 Bowery – currently home to Daroma Restaurant Equipment – just hit the market last week as a “development/conversion” opportunity for real estate speculators. Price sought for the property is listed at $21.5 million, double the amount paid […]

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Streets

Little Italy Church Rectory Hits the Market as $14M Development Site

Last modified February 20, 2018 at 10:04 am

The dying carcass of Little Italy continues to get picked apart. Mere days after a devastating fire knocked out Angelo’s on Mulberry Street comes word that the Most Precious Blood Church is selling its rectory. (The church itself is on Baxter Street.) The fifty-foot-wide property in question, located at 109 Mulberry Street, currently houses the […]

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Prohibition-Era Funeral Home on Madison Street Hits the Market for $12.5M

Posted November 29, 2017 at 5:00 am

A former Lower East Side funeral home with colorful gangster roots just hit the market as a multimillion-dollar “investment opportunity.” Robert “Roxie” Vanella was a gangster-cum-undertaker who ran in the same circles as Johnnie Torrio and Al Capone. Later in life, the outlaw (and convicted murderer) went straight, and founded his namesake funeral home. Now, […]

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‘A. Feibusch’ Might Get Unzipped from Allen Street as 2-Story Property Hits Market for $6M

Posted November 10, 2017 at 5:00 am

It’s one of our favorite buildings in the area, and might meet the wrecking ball in the not-too-distant future. The A. Feibusch Corp. zipper supplier (aka Zipperstop) – located on the Lower East Side for over seventy years – is probably counting down the days. Indeed, a real estate listing just hit the market that […]

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Streets

Rat Castle Retail Hits the Market for $4M

Posted September 19, 2017 at 5:09 am

The notorious “Rat Castle” building on Ludlow Street is back in the news. This time for something as innocuous as a real estate listing. Indeed, the owner of the ground-floor commercial condo at 179 Ludlow Street is looking to sell. The 1,650 square-foot space, currently home to national salon chain Drybar, is going for just […]

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