Real Estate Listing

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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Report: Bowery ‘Tech Incubator’ Buildings Sell for Combined $48.5M

Posted September 6, 2018 at 5:02 am

Remember those much-publicized “tech incubator” buildings on the Bowery? They just changed hands. Located within a block of each other, both buildings – 135 Bowery and 161 Bowery – just sold to Marx Realty for a combined $48.5 million. The sale follows more than a year after former owner Caspi Development began peddling the properties […]

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Streets

‘Taco Mix’ LES Location Revealed on Delancey Street

Last modified August 21, 2018 at 10:50 am

An acclaimed Spanish Harlem taqueria is head south to the Lower East Side. Taco Mix, founded on East 116th Street in 1991, is known for its al pastor tacos, and considered by many as one of the city’s best. Its chosen downtown shop is to be headquartered at 156 Delancey Street, part of the one-story strip […]

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Single-Story Delancey Street Retail Strip Returns to Market for $14.5M

Posted August 20, 2018 at 5:04 am

For the umpteenth time in recent years, the 2,752 square-foot single-story row of retail along Delancey Street by the Williamsburg Bridge is again up for grabs. There has been a flurry of activity here of late, largely to reface the entire property. What was once a run-down facade now boasts some real definition and machismo. […]

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Landmarked ‘Ideal Hosiery’ Building Hits the Market

Last modified August 3, 2018 at 11:45 am

To look at the southwest corner of Ludlow and Grand Streets is to witness the slow obsolescence of a longtime Lower East Side business. There stands the 1832-era Federal-style row house with that fading sign and old-school appearance; the home of Ideal Hosiery is the photographer’s dream shot. Personally, with each exposure shot, we wonder […]

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Streets

With Redevelopment Stalled, Provident Loan Society Building Hits Market for $20M

Posted July 30, 2018 at 4:34 am

The bank is for sale. Despite the city’s approval of redevelopment last December, the Provident Loan Society building on East Houston Street is now on the chopping block. Longtime owners Elsa and Dunnie Lai, who purchased the centenary structure nearly thirty years ago, are now looking to sell. Price sought for the non-landmarked landmark is […]

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‘Doka Square’ Departs Delancey After 3 Years

Posted July 18, 2018 at 5:04 am

Doka Square, the ambitious pan-Asian restaurant at the southwest corner of Eldridge and Delancey Streets, is now kaput. Business concluded earlier this month after just barely three years on the block. The enormous, 5,000 square-foot space is now on the market, repped by Citi Habitats, according to onsite signage. It’s pitched as a whole for […]

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Beer Fridge Seeks ‘Shop Share’ Arrangement on Essex Street

Posted July 10, 2018 at 5:03 am

Beer Fridge opened less than a year ago, and now it’s soliciting for retailers to share its tiny space at 41 Essex Street. Its proprietor took to Craigslist a couple weeks ago seeking a “retail partner to shop share or host small pop-up events at our prime location.” This intention to sublet the tiny 350 […]

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Streets

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

The $162M Spoiler in the Hotel Indigo Deal on the Lower East Side

Posted June 11, 2018 at 9:39 am

Two weeks ago, news leaked that Brookfield Capital Real Estate was nearing a deal to acquire the Hell Square Hotel Indigo for $160 million. A spoiler just entered the ring. According to a report in The Real Deal yesterday, a real estate juggernaut called MRR Development swooped in for the kill, allegedly offering $162 million for […]

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