Real Estate Listing

Is ‘Moishe’s Bake Shop’ on 2nd Avenue Cooked?

Posted December 7, 2018 at 9:38 am

It might be time to sound the alarm for Moishe’s Bake Shop. The Real Deal reported yesterday that investor Jay Schwimmer recently signed a 21-year lease on the entire building at 115 Second Avenue. For all three floors, in fact, including Moishe’s Bake Shop. Occupancy could begin as soon as March, the lease start date. […]

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Streets

Year-Old Development at 324-326 Grand Street Listed for $33M

Posted December 3, 2018 at 5:00 am

It was nearly a decade in the making, but finally debuted in the spring of 2017. Now, the new mixed-use development at 324-326 Grand Street is officially on the market. The new elevator building – complete with exterior art-washing by Cryptik – was listed last week for a wallet-busting $33 million. There are two commercial units […]

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Streets

‘Lighting by Gregory’ Buildings on the Bowery Sell for $30M

Posted November 26, 2018 at 5:00 am

Lighting by Gregory shuttered its decades-old Bowery store in mid-October. Now we know why. The founding father of the lighting showroom – also the landlord – ultimately decided to cash out. Building owner Joel Horowitz, who’s owned the three-parcel property between Broome and Kenmare since the 1980s, sold the mid-block assemblage for a hefty sum […]

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Streets

Report: Jared Kushner Just Bought the Hotel on Rivington

Posted November 20, 2018 at 5:00 am

Surprise! Trump son-in-law, and presidential adviser, Jared Kushner, is under contract to purchase one of the most notorious properties on the Lower East Side. The posh, yet problematic, Hotel on Rivington in the heart of Hell Square. The New York Post broke the story, noting that Jared and brother Josh are entering new territory by […]

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Lower East Side Portfolio of 7 Buildings Hits Market for $72M

Posted November 14, 2018 at 5:00 am

An enormous chunk of Chinatown and Lower East Side real estate is now up for grabs. If you can afford it. Investment firm Avison Young began marketing the seven-property portfolio yesterday, seeking a sale price of $72 million. The housing package is a major divestment by controversial city landlord R.A. Cohen & Associates. It boasts seven tenement […]

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McNally Jackson Books Faces $500K Rent Hike

Last modified October 18, 2018 at 9:03 am

Last week, we broke news that McNally Jackson Books is leaving its Prince Street headquarters next spring after fourteen years on the block. Eponymous owner Sarah McNally allayed the sadness by saying that they settled on a new space nearby. Reason for the abrupt departure is an astronomical rent hike. Until now, amount of the […]

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McNally Jackson Bookstore is Leaving Prince Street After 14 Years

Last modified October 11, 2018 at 9:35 pm

Nothing is safe. One of the most vibrant, indeed last, bookstores in downtown Manhattan is apparently leaving. McNally Jackson Books might soon be history, fourteen years after setting up shop in Little Italy. A tipster alerted us to the Winick leasing banners that were affixed to the facade of 50 Prince Street (at Mulberry) yesterday […]

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Art

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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